Amex Exploration Commences Feasibility Study at Perron

Core Viewpoint - Amex Exploration Inc. has initiated a Feasibility Study for the first phase of the Perron gold project, following a positive Preliminary Economic Study, aiming to position the company as a near-term producer [1][2]. Project Overview - The Feasibility Study is expected to be completed by Q1 2026 and will focus on Phase 1 of the Perron Project, which is located in Quebec, Canada [2]. - The project includes a staged production strategy that aims to derisk the project, simplify the permitting process, and minimize shareholder dilution [3]. Economic and Technical Highlights - The initial capital cost estimate for the project is $146.1 million, with pre-production revenues expected to offset $68.6 million, resulting in a net initial CAPEX of $77.5 million [8]. - Average annual gold production is projected to exceed 100,000 ounces, with an All-in Sustaining Cost (AISC) of US$1,165 per ounce [8]. - The average diluted head grade is estimated at 10.07 grams per tonne [8]. Collaboration and Infrastructure - Amex will collaborate with several Quebec-based consulting firms to construct the Feasibility Study, including Evomine Consulting Inc., Norda Stelo, Soutex Inc., A2GC, and Hydro Ressources [2]. - The project benefits from excellent infrastructure, being accessible by a year-round road and located near major milling operations [7]. Company Background - Amex Exploration Inc. has made significant high-grade gold discoveries at its 100%-owned Perron Gold Project, which spans approximately 45.18 square kilometers [5]. - The consolidated land package, including the adjacent Perron West Project, covers a total of 197.52 square kilometers, indicating a highly prospective geology for both high-grade gold and volcanogenic massive sulphide (VMS) mineralization [6].