LaFleur Minerals Files PEA Technical Report Supporting Restart of Gold Production at Beacon Gold Mill, Quebec

Executive Summary

• LaFleur Minerals filed an NI 43‑101 technical report detailing its PEA for the Swanson Gold Deposit and the fully‑permitted Beacon Gold Mill.
• The PEA projects a 65% after‑tax IRR, C$101 million NPV (5% discount) and an AISC of US$1,569/oz, based on a base‑case mill throughput of ~1,250 t/day with expansion potential to 3,000–4,000 t/d.
• The study confirms no material differences from the company’s March 3, 2026 news release and outlines next steps: engineering studies, bulk sampling, further metallurgical testing, resource‑expansion drilling, and permitting work toward a production decision.

Key Details

• Technical Report: “Swanson Gold Project – Preliminary Economic Assessment of Delivering Swanson Deposit Mineralized Material to the Beacon Mill” prepared by ERM Consultants Canada Ltd.; dated March 27 2026, effective March 16 2026.
• Qualified Persons: James Gardner, P.Eng. (Principal Consultant, ERM) and Louis Martin, P.Geo. (Exploration Manager, LaFleur) signed off the technical information.
• Economic Highlights:
• After‑tax IRR: 65%
• NPV (5% discount): C$101 million
• AISC: US$1,569/oz (base case) – US$2,750/oz gold price scenario also modeled.
• Production Scenario:
• Base‑case mill throughput: ≈1,250 t/day (current capacity 750 t/d, with refurbishment).
• Expansion potential to 3,000–4,000 t/day in longer‑term scenarios.
• Expected free cash flow generation at the US$2,750/oz gold price base case.
• Infrastructure:
• Beacon Gold Mill fully permitted, recently refurbished; replacement cost independently valued at US$71 million.
• Tailings facility also fully permitted.
• Utilizes existing road access and potential rail links for material transport from Swanson (≈60 km).
• Project Scope:
• District‑scale land package: 19,214 ha in the Abitibi Gold Belt, containing multiple gold zones (Swanson, Bartec, Jolin).
• Planned initial bulk sample: 100,000 t to validate processing assumptions.
• Next Steps Post‑PEA:
• Advance detailed engineering and optimization studies.
• Conduct additional metallurgical testing and resource expansion drilling at Swanson.
• Pursue permitting and infrastructure work for bulk sampling and future mining.
• Move toward a definitive production decision for the Swanson Deposit using the Beacon Mill.
• CEO Quote: “The filing of our PEA technical report marks a significant milestone… we are well positioned to transition into a gold producer and generate near‑term revenue, with additional scalability and operational flexibility that differentiate us from many junior developers.” – Paul Ténière, CEO & Director

Notable Quotes

• Paul Ténière, CEO & Director: “The filing of our PEA technical report marks a significant milestone for LaFleur Minerals as we advance toward near‑term gold production… we believe the Company is well positioned to transition into a gold producer and generate near‑term revenue…”

All forward‑looking statements are subject to risks and uncertainties detailed in the release.