Abcourt Mines starts mill at Sleeping Giant project

Executive Summary

• Abcourt Mines has restarted the mill at its Sleeping Giant project, with the mill now turning and processing material sourced entirely from current development operations.
• The company expects to fill the mill circuit within weeks and produce its first gold bars from Sleeping Giant since 2014.
• Management highlighted the restart as a major milestone and announced plans to showcase the project at upcoming mining investment events through 2025.

Key Details

• Mill is currently operating (“turning”) and processing material exclusively from the Sleeping Giant development operations.
• Anticipated timeline: mill circuit to be filled in the next few weeks, leading to the first gold pour since 2014.
• Historical production (1987‑2014): processed 3.37 M tons at 10.29 g/t Au, yielding 1,073,111 oz Au.
• Additional historical use: processed Elder mine material (2016‑2022) and a 5,000‑ton bulk sample from Pershing‑Manitou deposit in 2024 at 32 t/h.
• Recent capital investment was made to bring the mill out of care‑and‑maintenance mode into operational status.
• CEO Pascal Hamelin’s comment: “We are very pleased with the way operations are going so far… having the mill out of its care and maintenance mode is a major milestone that shows the market our constant advancement.”
• Future outreach: Abcourt will attend Mining Forum Americas 2025 (Sept 14‑17, 2025) to present project progress to investors.

Notable Quotes

“We are very pleased with the way operations are going so far. Having the mill out of its care and maintenance mode is a major milestone that shows the market our constant advancement.” – Pascal Hamelin, President & CEO

Materiality Assessment: Non‑Material – Positive (operational restart signals progress but does not yet disclose financial results or large‑scale production figures).