Amex Awards Two Key Mandates for the Development of Its Perron Project
Amex locks in infrastructure and environmental mandates as it pivots from discovery to 2028 production target
The most recent news (March 12, 2026) announces two critical operational mandates for the Perron Project in Quebec. First, Amex has purchased a water treatment plant from ASDR for use in its upcoming bulk sample program and Phase 1 operations. Second, the company has retained Norda Stelo to initiate the Environmental Impact Assessment (EIA) for Phase 1. These steps are aimed at supporting the company’s goal of commencing custom milling operations by 2028.
This news is Routine - Positive. While it represents necessary progress for a company transitioning from exploration to development, it is an expected follow-up to the January 2025 update which outlined the bulk sample and feasibility timelines. - De-risking: Ordering long-lead infrastructure (water treatment) and starting the EIA are essential regulatory and operational hurdles. - Alignment: The 2028 production target remains consistent with previous guidance. - Local Partnership: Partnering with Abitibi-based ASDR strengthens local social license, which is critical given the recent exploration agreement signed with the Apitipi Anicinapek Nation (March 2, 2026). - Context: This follows high-grade drill results from the Champagne Zone (110.05 g/t Au over 2.15 m in Feb 2026) which validated the block model for the bulk sample.
Amex Exploration is focused on the Perron Gold Project in the Abitibi Greenstone Belt, Quebec. The project is characterized by high-grade "narrow vein" mineralization. - Flagship: Perron Project (100% owned). - Resource (May 2025): M&I of 1.615 Moz at 6.14 g/t Au; Inferred of 0.698 Moz at 4.31 g/t Au. - Strategy: A two-phase development. Phase 1 involves contract mining and toll-milling (1,000 tpd) to minimize initial CAPEX, followed by Phase 2 which includes an on-site mill (2,000 tpd) funded by Phase 1 cash flow.