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Velocity Minerals Ltd

www: www.velocityminerals.com   email: info@velocityminerals.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:VLC CAD
OTCMKTS:VLCJF USD

Description

Velocity Minerals Ltd are a gold focused junior, late stage developer with one mine in development in Bulgaria and exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$30.29M which is a rise of roughly 3% over the last three months. As of 09/08/2025 they have ~C$1M debt and ~C$1.03M cash. They have 197M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 09/08/2025
Last
Analysis
Data

Current Data
Item Value Value Updated
MCap (FD): $29.39M $30.29M 09/08/2025
MCap (OS): $26.41M $27.22M 09/08/2025
Total Assets: $20.82M $20.90M 09/08/2025
Total Liabilities: $0.90M $0.90M 09/08/2025
Current Assets: $1.14M $1.15M 09/08/2025
Current Liabilities: $0.88M $0.88M 09/08/2025
Total Debt: $0.65M $0.65M 09/08/2025
Cash: $1.02M $1.03M 09/08/2025
Debt (Net): $-0.37M $-0.37M
Enterprise Value: $29.01M $29.91M 12/12/1970
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:
n/a n/a never
Finance within 1 year: Yes Yes 09/08/2025
Misc 09/08/2025
Last
Analysis
Data

Current Data
Item Value Value Updated
Shares Outstanding: 197,219,595 197,219,595 09/08/2025
Shares (FD): 219,446,857 219,446,857 09/08/2025
Insider Ownership: 45% 45% 09/08/2025
Dividend (Annual): n/a n/a 09/08/2025
Company Type: Mostly Gold Mostly Gold never
Group: Developer Developer never
Production ETA: n/a 10/01/2025 09/08/2025
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
09/08/2025
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
09/08/2025
Development Phase: PFS Released PFS Released 09/08/2025
Optionality Play: none No
F
U
T
U
R
E
% of Spot: 5
Developer: Early Development
5
Developer: Early Development
09/08/2025
Cash Flow Multiple: 2 2 09/08/2025

Resource Data

GOLD 09/08/2025
Last Analysis Data

Current Data
Item Value Value Updated
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.45M 0.45M 09/08/2025
Measured & Indicated: 0.50M 0.50M 09/08/2025
Inferred: 0.25M 0.25M 09/08/2025
Reserves & Resources: 0.75M 0.75M never
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.36M 0.36M 09/08/2025
Measured & Indicated: 0.39M 0.39M 09/08/2025
Inferred: 0.10M 0.10M 09/08/2025
Reserves & Resources: 0.49M 0.49M never
C
U
R
R
E
N
T
Annual Production: n/a n/a
Cash Cost: n/a n/a 09/08/2025
Extra Operating Cost: n/a n/a 09/08/2025
Total: $1,500 $1,500 09/08/2025
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E
Underground (Avg): n/a n/a 09/08/2025
Open Pit (Avg): n/a 0.60 g/t 09/08/2025
Recovery Rate: (CG)  80.00% (CG)  80.00% 09/08/2025
F
U
T
U
R
E
Proven & Probable: 0.80M 0.80M 09/08/2025
Annual Production: 60,000oz. 60,000oz. 09/08/2025
Cash Cost: $1,000 $1,000 09/08/2025
Extra Operating Cost: $500 $500 09/08/2025
SILVER 09/08/2025
Last Analysis Data

Current Data
Item Value Value Updated
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 09/08/2025
Measured & Indicated: n/a n/a 09/08/2025
Inferred: n/a n/a 09/08/2025
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 09/08/2025
Measured & Indicated: n/a n/a 09/08/2025
Inferred: n/a n/a 09/08/2025
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T
Annual Production: n/a n/a
Cash Cost: n/a n/a 09/08/2025
Extra Operating Cost: n/a n/a 09/08/2025
Total: n/a n/a 09/08/2025
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E
Underground (Avg): n/a n/a 09/08/2025
Open Pit (Avg): n/a n/a 09/08/2025
Recovery Rate: n/a n/a 09/08/2025
F
U
T
U
R
E
Proven & Probable: n/a n/a 09/08/2025
Annual Production: n/a n/a 09/08/2025
Cash Cost: n/a n/a 09/08/2025
Extra Operating Cost: n/a n/a 09/08/2025

Property

Last Analysis Data  (09/08/2025)
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Dev Rozino
70 123.00 20.00 90.00 show
(Rozino is in the Tintyava property, 70% held by the company)

500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production

Size: 16,000 ha
Exp Dangovo
100 n/a
Exp Iglika
25 show
JV with Dundee on the Iglika (they have 25%).

Dundee must drill 40K meters and provide a PFS
Exp Kalabak
75 show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exp Makedontsi
70 show
300,000 oz open pit.
Exp Momchil
70 n/a
Exp Obichnik
70 show
100,000 oz open pit.
Exp Zlatusha
75 show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling

Size: 19,500 ha
Exp Miriofito Copper-Gold
100 n/a
Current Data
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Dev Rozino
70 123.00 20.00 90.00 show
(Rozino is in the Tintyava property, 70% held by the company)

500,000 oz at .6 gpt
PEA in 2017
$97 million capex
About 50,000 oz of annual production

Size: 16,000 ha
Exp Dangovo
100 n/a
Exp Iglika
25 show
JV with Dundee on the Iglika (they have 25%).

Dundee must drill 40K meters and provide a PFS
Exp Kalabak
75 show
located approximately 10 kilometres north of Dundee Precious Metals Ada Tepe operating open pit mine (4.26 Mt at 4.8 g/t Au). 6 kilometres northwest from the Rozino deposit
Exp Makedontsi
70 show
300,000 oz open pit.
Exp Momchil
70 n/a
Exp Obichnik
70 show
100,000 oz open pit.
Exp Zlatusha
75 show
Large, underexplored property with seven known copper-gold occurrences and 10,000m of historical drilling

Size: 19,500 ha
Exp Miriofito Copper-Gold
100 n/a

Profitability (by resource)

Proven &
Probable
09/08/2025
Last Analysis Data

Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.45M 0.45M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.36M 0.36M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $768.88M $1,004.26M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $768.88M $1,004.26M n/a
Max Profit / Current MCap: 26.165 33.160 n/a
Max Profit Per Share (Gold): $3.50 $4.58 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.50 $4.58 n/a
Total Free Profit Per Share: $3.32 $4.39 n/a
FD MCap / Gold Eq.: $81.63 $84.13 n/a
FD MCap / Silver Eq.: $0.93 $1.20 n/a
FD MCap / Per Metal
as % Spot Price:
2.25% 1.96% n/a
EV / Gold Eq.: $80.59 $83.09 n/a
EV / Silver Eq.: $0.92 $1.19 n/a
EV / Per Metal
as % Spot Price:
2.22% 1.94% n/a
Measured &
Indicated
09/08/2025
Last Analysis Data

Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.50M 0.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.39M 0.39M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $837.23M $1,093.52M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $837.23M $1,093.52M n/a
Max Profit / Current MCap: 28.491 36.107 n/a
Max Profit Per Share (Gold): $3.82 $4.98 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $3.82 $4.98 n/a
Total Free Profit Per Share: $3.63 $4.79 n/a
FD MCap / Gold Eq.: $74.96 $77.26 n/a
FD MCap / Silver Eq.: $0.85 $1.10 n/a
FD MCap / Per Metal
as % Spot Price:
2.06% 1.80% n/a
EV / Gold Eq.: $74.01 $76.30 n/a
EV / Silver Eq.: $0.84 $1.09 n/a
EV / Per Metal
as % Spot Price:
2.04% 1.78% n/a

Reserves &
Resources
09/08/2025
Last Analysis Data

Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.75M 0.75M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.49M 0.49M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $1,050.81M $1,372.48M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $1,050.81M $1,372.48M n/a
Max Profit / Current MCap: 35.759 45.318 n/a
Max Profit Per Share (Gold): $4.79 $6.25 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $4.79 $6.25 n/a
Total Free Profit Per Share: $4.60 $6.06 n/a
FD MCap / Gold Eq.: $59.73 $61.56 n/a
FD MCap / Silver Eq.: $0.68 $0.88 n/a
FD MCap / Per Metal
as % Spot Price:
1.64% 1.44% n/a
EV / Gold Eq.: $58.97 $60.79 n/a
EV / Silver Eq.: $0.67 $0.87 n/a
EV / Per Metal
as % Spot Price:
1.62% 1.42% n/a

Future Valuation (Cash Flow & Totals)

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