In this KE Report company update, I speak with Nick Appleyard, President & CEO of Tristar Gold (TSX-V: TSG – OTCQB: TSGZF). We revisit TriStar’s flagship Castelo de Sonhos (CDS) gold project in Brazil, which hosts a 2.5 million-ounce resource (1.8Moz Indicated + 0.7Moz Inferred) and a completed Pre-Feasibility Study. 

Nick provides an update on:

• Permitting progress: The status of the environmental license, the recent civil public action, and strong support from the State of Pará.
  
  
• Next steps: Advancing toward the construction permit within 12 months, positioning CDS as a shovel-ready project.
  
  
• Economics: Updated project economics at higher gold prices.
  
  
• Valuation disconnect: Why market cap lags asset value and how resolving the permitting challenge could unlock $100M+ in shareholder value.
  
  
• Strategic options: Financing outlook, potential partnerships, and how TriStar is managing cash reserves (~US$5M) to advance the project.
  
  

Click here to visit the TriStar Gold website to learn more about the Company and Project. 

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