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Amex Announces Filing of Updated PEA Technical Report for the Perron Gold Project
Montreal, Quebec--(Newsfile Corp. - October 20, 2025) - Amex Exploration Inc.  (TSXV: AMX) ...
About this update from Amex Exploration Inc.
[{"type":"text","content":"Amex Announces Filing of Updated PEA Technical Report for the Perron Gold ProjectMontreal, Quebec--(Newsfile Corp. - October 20, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex\" or the \"Company\") is pleased to announce that the Corporation has filed the NI 43-101 compliant Updated Preliminary Economic Assessment (\"PEA\") technical report for AMEX's 100% owned Perron gold project in Québec, Canada, with an effective date of September 4, 2025 (the \"Report\"). Report results were previously announced in AMEX's news release dated September 4, 2025.The Qualified Persons (\"QP\") for this Technical Report are the following:Antoine Yassa, P. Geo. P&E Mining Consultants Inc. Jérôme Augustin, P. Geo., Ph.D. Laurentia Exploration Inc. Stephen Coates, P. Eng. Evomine Consulting Inc. Alexandre Burelle, P. Eng. Evomine Consulting Inc. Florent Baril, P. Eng. Bumigeme Inc. Denys Vermette, P. Geo. Norda SteloPerron updated Preliminary Economic Assessment Highlights:The Perron PEA was updated to incorporate the latest Mineral Resource Estimate (MRE - released May 21st, 2025) and a new project development strategy. The following assumed a gold price of US$2,500/ounce (\"oz\") and a C$/US$ exchange rate of 1.38:1.Staged production strategy derisks the project, simplifies the permitting process, accelerates time to revenue (targeting 2028) and minimizes shareholder dilution, with Phase 2 mine construction financed from free cash flow.Phase 1:4-year 1,000 tpd contract mining, toll-milling operation in the Abitibi region, where numerous processing plants are in operation;Low initial capital cost estimate of $146.1M which is partially offset from pre-production revenues of $68.6M for a net Initial CAPEX of $77.5M;Average annual gold production of 102,000 oz gold (\"Au\") at an All in Sustaining Cost (\"AISC\") of US$1,165/oz Au;Average diluted head grade of 10.07 grams per tonne (\"gpt\") for 0.41 million oz AuPhase 213-year 2,000 tpd owner operated mine with on-site processing facility;Growth capital of $191.6M;Average annual production of 93,000 oz Au at an AISC of US$1,027/oz Au;Average diluted head grade of 4.32 gpt for 1.25 million oz Au.Life of Mine (\"LOM\") of 17.5 years;Average annual production of 95,000 oz Au, or 1.66 million oz Au over LOM, including an average per year of 112,000 oz...