Amex Exploration Commences Feasibility Study at Perron
Amex Exploration (OTCQX:AMXEF) has initiated a Feasibility Study for Phase 1 of its Perron gold project in Quebec, Canada, following positive results from their recent Preliminary Economic Assessment (PEA). The study, expected to complete by Q1 2026, focuses on a 1,000 tonnes per day contract mining operation with toll-milling capabilities.
Key financial metrics include a low initial capital cost of $146.1M, offset by pre-production revenues of $68.6M for a net CAPEX of $77.5M. The project anticipates average annual gold production exceeding 100,000 oz with an AISC of US$1,165/oz Au and an average diluted head grade of 10.07 g/t. Production is targeted to begin in 2028, with Phase 2 development planned to be financed through Phase 1's free cash flow.
Amex Exploration (OTCQX:AMXEF) ha avviato uno studio di fattibilità per la Fase 1 del progetto Aurifero Perron in Quebec, Canada, dopo risultativi positivi dalla recente Valutazione Economica Preliminare (PEA). Lo studio, che dovrebbe essere completato entro il Q1 2026, si concentra su una operazione di estrazione contrattuale da 1.000 tonnellate al giorno con capacità di toll-milling.
Le metriche finanziarie chiave includono un basso costo iniziale di capitale di $146,1 milioni, compensato da ricavi pre-produzione di $68,6 milioni per un CAPEX netto di $77,5 milioni. Il progetto prevede una produzione annua media superiore a 100.000 oz di oro con un AISC di US$1.165/oz Au e una grade media diluita di head di 10,07 g/t. La produzione è prevista per iniziare nel 2028, con lo sviluppo della Fase 2 pianificato da finanziare tramite il flusso di cassa libero della Fase 1.
Amex Exploration (OTCQX:AMXEF) ha iniciado un Estudio de Factibilidad para la Fase 1 de su proyecto de oro Perron en Quebec, Canadá, tras resultados positivos de su reciente Evaluación Económica Preliminar (PEA). El estudio, que se espera concluya en el 1T 2026, se centra en una operación minera contratada de 1.000 toneladas por día con capacidades de toll-milling.
Las métricas financieras clave incluyen un bajo costo inicial de capital de $146,1 millones, compensado por ingresos previos a la producción de $68,6 millones para un CAPEX neto de $77,5 millones. El proyecto prevé una producción anual media superior a 100.000 oz de oro con un AISC de US$1.165/oz Au y una ley de cabeza media diluida de 10,07 g/t. Se espera iniciar la producción en 2028, con el desarrollo de la Fase 2 financiado mediante el flujo de caja libre de la Fase 1.
Amex Exploration (OTCQX:AMXEF)는 캐나다 퀘벡 주 Perron 금 프로젝트의 1단계 타당성 조사를 시작했습니다. 최근 예비 경제성 평가(PEA)에서 긍정적 결과를 얻은 후이며, 연구는 2026년 1분기에 완료될 것으로 예상되며 1,000톤/일 계약광산 운영에 중점을 두고 있습니다. toll-milling 능력 보유.
주요 재무 지표로는 초기 자본비용이 1억 4610만 달러로 낮고, 생산 전 수익이 6,860만 달러로 상쇄되어 순 CAPEX가 7,750만 달러입니다. 프로젝트는 연간 금 생산이 10만 온스를 초과하고 AISC는 미화 1,165달러/온스 Au이며 평균 희석 원가 등급은 10.07 g/t로 예상됩니다. 2028년 생산 시작을 목표로 하며 2단계 개발은 1단계의 자유현금흐름으로 조달될 예정입니다.
Amex Exploration (OTCQX:AMXEF) a lancé une étude de faisabilité pour la Phase 1 du projet aurifère Perron au Québec, Canada, suite à des résultats positifs de leur récente Évaluation Préliminaire (PEA). L’étude, prévue pour être terminée au 1er trimestre 2026, se concentre sur une opération minière sous contrat de 1 000 tonnes par jour avec des capacités de toll-milling.
Les indicateurs financiers clés incluent un coût initial en capital bas de 146,1 M$, compensé par des revenus de pré-production de 68,6 M$ pour un CAPEX net de 77,5 M$. Le projet prévoit une production annuelle moyenne supérieure à 100 000 oz d’or avec un AISC de US$1 165/oz Au et une teneur moyenne diluée en tête de 10,07 g/t. La production devrait commencer en 2028, le développement de la Phase 2 étant prévu pour être financé par les flux de trésorerie libres de la Phase 1.
Amex Exploration (OTCQX:AMXEF) hat eine Machbarkeitsstudie für Phase 1 des Perron-Goldprojekts in Quebec, Kanada, eingeleitet, nach positiven Ergebnissen des jüngsten Vorökonomischen Bewertungsberichts (PEA). Die Studie soll voraussichtlich bis zum Q1 2026 abgeschlossen sein und konzentriert sich auf eine Vertragliche Abbaubetriebsführung von 1.000 t/Tag mit Toll-Milling-Fähigkeiten.
Zu den wichtigsten finanziellen Kennzahlen gehören geringe anfängliche Kapitalkosten von $146,1 Mio., ausgeglichen durch Vorschuss-Einnahmen von $68,6 Mio. vor der Produktion für einen Netto-CAPEX von $77,5 Mio.. Das Projekt rechnet mit einer jährlichen Durchschnittsproduktion von über 100.000 oz Gold bei einem AISC von US$1.165/oz Au und einem durchschnittlichen verdünnten Head-Grade von 10,07 g/t. Die Produktion soll 2028 beginnen, Phase-2-Entwicklung soll durch den Free Cash Flow der Phase 1 finanziert werden.
Amex Exploration (OTCQX:AMXEF) قد باشرت دراسة جدوى للمرحلة 1 من مشروع Perron الذهبي في كيبيك، كندا، عقب نتائج إيجابية من التقييم الاقتصادي الأولي (PEA) الأخير. من المتوقع أن تكتمل الدراسة في الربع الأول 2026، وتركز على عملية استخراج بعقد بقدرة 1,000 طن في اليوم مع قدرات الطحن مقابل الأجر (toll-milling).
تشمل المعايير المالية الرئيسية تكلفة رأس مال ابتدائية منخفضة تبلغ 146.1 مليون دولار، يعادلها إيرادات قبل الإنتاج تبلغ 68.6 مليون دولار لصافي CAPEX قدره 77.5 مليون دولار. يتوقع المشروع إنتاجاً سنوياً متوسطاً يتجاوز 100,000 أوقية من الذهب مع AISC عند 1,165 دولاراً أمريكياً للأوقية من الذهب وتوهين الرأس الممزوجة بمتوسط 10.07 ج/طن. من المخطط بدء الإنتاج في 2028، وسيتم تمويل تطوير المرحلة 2 من خلال التدفقات النقدية الحرة الناتجة عن المرحلة 1.
Amex Exploration (OTCQX:AMXEF) 已启动 Perron 金矿项目的第一阶段可行性研究，地点位于加拿大魁北克省，源于最近初步经济评估（PEA）的积极结果。该研究预计将于2026年第一季度完成，重点是一个每日1,000吨的合同开采运营并具备 toll-milling 能力。
关键财务指标包括较低的初始资本成本1.461亿美元，通过产前收入6,860万美元对净资本支出7,750万美元进行抵消。该项目预计年平均金产量超过10万盎司，AISC 为 US$1,165/盎司金，平均稀释后头矿品位为 10.07 g/t。计划在2028年开始生产，第二阶段的发展将通过第一阶段的自由现金流来筹资。
- Low initial net CAPEX of $77.5M after pre-production revenues
- Significant annual gold production projected at over 100,000 oz
- High-grade deposit with 10.07 g/t average diluted head grade
- Strategic staged approach reduces shareholder dilution
- Existing infrastructure and multiple processing plants reduce development complexity
- Project production not expected to start until 2028
- Relatively high AISC of US$1,165/oz Au compared to industry standards
Montreal, Quebec--(Newsfile Corp. - September 30, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to announce that the company has commenced work on the Feasibility Study ("FS") for the first phase of its envisaged operation as outlined in the recently released updated Preliminary Economic Study ("PEA") (please see press release dated September 04, 2025) on the Perron gold project (the "Project"), located near the towns of Normétal and Valcanton in the province of Quebec, Canada.
The Feasibility Study, expected to be completed by Q1 2026, will cover Phase 1 of the Project and envisage the following mining scenario as presented in the above referenced PEA:
A four- to five-year 1,000 tonnes per day (t/d) contract mining, toll-milling operation located in the Abitibi region, leveraging the area's existing infrastructure and multiple operating processing plants;
A low initial capital cost estimate of
$146.1M , which is partially offset from pre-production revenues of$68.6M for a net Initial CAPEX of$77.5M ;Average annual gold production exceeding 100,000 oz gold (Au) with an All in Sustaining Cost (AISC) of US
$1,165 /oz Au;An average diluted head grade of 10.07 grams per tonne (g/t).
Victor Cantore, President and CEO of Amex Exploration commented, "Following the robust economics outlined in our recent PEA, we have made the strategic decision to advance directly to a full Feasibility Study for the Perron Asset. Focusing only on Phase 1 of the project will accelerate the project development, positioning AMEX as a near term producer."
Cantore continued, "Given the strong technical and economic parameters demonstrated in the PEA, we are confident that the Feasibility Study will position us to move swiftly into the permitting phase, as well as secure project financing and advance toward development."
Amex will be collaborating with various Quebec based consulting firms to construct the Feasibility Study on the Perron Project, including Evomine Consulting Inc., Norda Stelo, Soutex Inc., A2GC and Hydro Ressources.
A second Feasibility Study for Phase 2 production will commence at a later date. The staged production strategy derisks the project, simplifies the permitting process, accelerates time to revenue (targeting 2028) and minimizes shareholder dilution, with Phase 2 mine construction financed from free cash flow generated during Phase 1 production.
Qualified Persons
The technical information in this news release has been reviewed and approved by Aaron Stone, P. Geo. (OGQ 2170 and PGO 3708) for the Perron West Project in Ontario and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134) for the Perron Project in Quebec (collectively, the "Qualified Persons").
About Amex
Amex Exploration Inc. has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its
When combined with the adjacent Perron West Project-which includes 48 claims (17.37 km²) in Quebec and 35 claims (134.55 km²) in Ontario-the consolidated land package spans a district-scale 197.52 km². This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.
The project benefits from excellent infrastructure: it is accessible by a year-round road, located just 20 minutes from an airport, and approximately 8 km from the town of Normétal. It is also in close proximity to several milling operations owned by major gold producers.
For further information please contact
Victor Cantore
President and Chief Executive Officer
Amex Exploration: +1-514-866-8209
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, planned exploration programs, the expected positive exploration results, the extension of mineralized zones, the timing of the exploration results, the ability of the Company to continue with exploration programs, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company's annual Management's Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268497
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