LaFleur Minerals Inc. has announced results of a Preliminary Economic Assessment for its proposed Swanson Gold Project in Québec, highlighting a technically straightforward, capital-efficient development anchored by its 100%-owned Beacon Gold Mill. The PEA outlines an initial capital cost of C$31 million and projects a 65% after-tax internal rate of return, a C$101 million net present value at a 5% discount rate, and a 1.8-year payback period at a base case gold price of US$2,750 per ounce. The project's all-in sustaining cost is estimated at US$1,569 per ounce.
The updated 2026 Mineral Resource Estimate reflects a 30% increase in indicated resources to 160.3 thousand ounces of contained gold, supporting a seven-year mine life. This resource growth strengthens the project's economic foundation and provides greater confidence in the mine plan. The company plans to expand mill throughput at the Beacon Gold Mill to 1,250 tonnes per day, which is expected to enhance economies of scale and lower operating costs. Direct Canadian National rail access between the Swanson deposit and Beacon Mill provides a significant logistical and cost advantage for material transportation.
The Swanson Gold Project is approximately 18,304 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings. The project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. The company's fully permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
For investors seeking additional information, the latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF. The full press release containing detailed PEA results can be viewed at https://ibn.fm/CDaUT. The announcement was disseminated through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry that is part of the Dynamic Brand Portfolio at IBN. Rocks & Stocks provides various corporate communications solutions, and more information about their services is available at https://RocksAndStocks.news.
The strong economic metrics presented in the PEA, particularly the 65% after-tax IRR and rapid payback period, position the Swanson Gold Project as an attractive development opportunity in the current gold market. The combination of increased resources, existing mill infrastructure, and favorable logistics creates a compelling value proposition for stakeholders. The project's location in the Abitibi Gold Belt near Val-d'Or, Québec, places it within one of the world's most prolific gold mining districts, adding geological credibility to the development plans. These results demonstrate the potential for efficient, lower-cost gold production that could contribute to the regional economy while delivering shareholder value.
