Beauce Gold Fields Reports Phosphate Assays of 8.07% P2O5, Metallurgical Tests Produce 38.9% Concentrate with 93.4% Recovery

Executive Summary
- Rock assays from the CH‑98‑61 outcrop returned a high‐grade 8.07 % P₂O₅, confirming historic phosphate values.
- COREM flotation testing upgraded the material to a concentrate of up to 38.9 % P₂O₅ with 93.4 % recovery, demonstrating viable processing potential.
- The company will advance exploration on CH‑98 through mapping, channel sampling, geophysics and additional metallurgical work to assess continuity and scale of the apatite mineralization.
Key Details
- Assay Results (P₂O₅ %):
- D589656 – 1.95 %
- D589657 – 3.01 %
- D589659 – 4.31 %
- D589660 – 0.28 %
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CH‑98‑61 – 8.07 % (matches historic 8.59 % from government sampling)
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Metallurgical Test Parameters:
- Feed sample contained ~5.6 % P₂O₅ (13.8 kg total, 20 kg test portion).
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Flotation performed in Denver cells using fatty‑acid collectors and depressants.
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Flotation Test Outcomes:
- Best concentrate: 38.9 % P₂O₅ (high‑grade apatite).
- Overall recovery: 93.4 % P₂O₅.
- Impurity level (MER): 0.05.
- Rare Earth Oxides in concentrate: 0.19 % TREO.
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Thorium < 5 ppm; Uranium 1.3 ppm.
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Comparative Context: Concentrate grades are comparable to other Lac‑Saint‑Jean projects (35–40 % P₂O₅).
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Planned Exploration Activities:
- Detailed geological mapping and prospecting.
- Channel sampling of apatite‑bearing outcrops.
- Geophysical surveys to delineate favorable lithologies/structures.
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Additional metallurgical sampling to refine processing parameters.
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Quality Assurance:
- Rock samples analyzed by ALS Canada Ltd. (ISO‑certified) using XRF after lithium borate fusion.
- Laboratory QA/QC included standards, blanks, duplicates.
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Metallurgical work reviewed and approved by qualified persons per NI 43‑101.
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Strategic Context: CH‑98 is part of BGF’s broader Québec Phosphate initiative targeting the Lac‑Saint‑Jean anorthosite complex, a key North American phosphate‑titanium district. Phosphate is critical for fertilizers and lithium‑iron‑phosphate (LFP) battery cathodes; recent additions to Canada/Québec critical minerals lists underscore strategic importance.
Notable Quotes
- “The assays confirm significant phosphate values at the CH‑98‑61 showing, while COREM test work demonstrates that apatite from the property can be upgraded to a high‑grade phosphate concentrate using conventional flotation methods… Our goal is to advance near‑surface targets and position Beauce Gold Fields to contribute a secure North American phosphate supply chain.” – Patrick Levasseur, President & CEO
Materiality Assessment: Non‑Material – Positive (provides technical validation of a new phosphate target but does not yet constitute a material financial or commercial development).