Abcourt mills 1,346 t at Sleeping Giant in November

Executive Summary

• Abcourt Mines Inc. provided an operational update for November 2025 regarding the development of the Sleeping Giant mine in Quebec, reporting production metrics and workforce expansion efforts.
• The company advanced development activities, adding a fourth mining front, though November tonnage was lower due to necessary sequencing for ventilation and safety protocols during the start-up phase.
• The company announced a new training partnership with Technica Mining to recruit and train graduate students, aiming to build a workforce for the next decade, while also highlighting recognition at the Mines and Money conference in London.

Key Details

• Production Metrics (November 2025):
  • Tonnes milled: 1,346 tonnes
  • Mill head grade: 7.2 grams per tonne
  • Percentage recovered: 95.8%
  • Ounces produced: 298 ounces
  • Ounces poured: 425 ounces
• Operational Status:
  • Added a fourth mining front as planned.
  • Lower tonnage attributed to development sequencing in two of the four workplaces, specifically regarding timing for advancing ventilation to the next sublevel.
  • Start-up sequencing had a greater impact on throughput than steady-state operations.
• Workforce and Training:
  • Labor force continued to increase in November.
  • Agreed on a training program with partner Technica Mining to train graduate students from mining schools in conventional mining.
  • Training program scheduled to begin in January.
  • Goal is to build the workforce for the next decade.
• Corporate Recognition:
  • Won the precious metal panel pitch battle at the Mines and Money conference in London in early December.
  • Featured amongst the best mining projects worldwide; reached the final round of the competition.

Notable Quotes

• "Seeing the head grade and the mill recovery upgrade on a month-to-month basis is very encouraging and helps us in the recruiting of the work force. There are many young mining graduates willing to join Abcourt with our work schedule and accommodations on the site. We will welcome, train and integrate them in our team to safely make Sleeping Giant mine a good place to succeed individually and as a team." — Pascal Hamelin, President and CEO
• "We are also very pleased to announce that Abcourt has won the precious metal panel pitch battle at the Mines and Money conference in London earlier in December, and was featured amongst the best mining projects worldwide. Abcourt made it to the final round of the competition and will continue working toward raising awareness from investors all around the world." — Pascal Hamelin, President and CEO