# Amex Announces Filing of Feasibility Phase 1 Technical Report for the Perron Gold Mine

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/amex-announces-filing-of-feasibility-phase-1-technical-report-for-the-perron-gol--01b7728d-0b0c-4d3d-aa5a-2cb0238a0324

Original source: https://money.tmx.com/en/quote/AMX/news/6861513279505595/amex-announces-filing-of-feasibility-phase-1-technical-report-for-the-perron-gol

Publisher: tmx

Original announcement: 2026-05-29T00:35:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Amex Exploration Inc.

- Ticker: AMX

- Exchange: TSX

- Region: Québec, Canada

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Resource update

- Extracted: 2026-09-15 10:41:49 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Amex Exploration Inc. has filed a NI 43-101 technical report supporting a Phase 1 Feasibility Study for the Perron Gold Project in Quebec. The study reports Proven and Probable reserves of 1.989 million tonnes at 12.1 g/t gold, suggesting a highly economic underground mining operation.

Reasoning: The filing of a Phase 1 Feasibility Study for a high-grade gold project with robust economics \(NPV $1.13B, IRR 114.6%\) is a major de-risking milestone.

- Positive factor: Strong economic indicators with 114.6% IRR

- Positive factor: High-grade reserves at 12.1 g/t gold

- Positive factor: Short payback period of 0.5 years

- Positive factor: Low initial capital requirement via toll milling strategy

Facts used in scoring: 1

## Classification and evidence

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The document reports Proven and Probable Mineral Reserves.

Evidence · text

> Proven and Probable Mineral Reserves of 1.989 million tonnes grading 12.1 g/t gold

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Multiple Qualified Persons \(QPs\) are named in the technical report filing.

Evidence · text

> The Qualified Persons \("QPs"\) for this Technical Report are the following: Antoine Yassa, P. Geo., of P&E Mining Consultants Inc.

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The report was prepared in accordance with NI 43-101 standards.

Evidence · text

> prepared in accordance with NI 43-101 by independent consultants

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/amex-announces-filing-of-feasibility-phase-1-technical-report-for-the-perron-gol--01b7728d-0b0c-4d3d-aa5a-2cb0238a0324#fact-resource-facts-0)

Perron Gold Project · gold

#### Identity

- Project: Perron Gold Project
- Commodity: gold
- Region: canada\_qc
- Reported Region: Québec, Canada
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Effective date: 2026-03-31T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:174a2320ab2b5314248a
- Deposit or zone: Perron Gold Mine
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 1989000
- Grade: 12.1
- Grade Unit: g/t
- Contained Metal: 774500
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2026-03-31

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-29T00:00:00.000Z

Reasoning: High-grade reserve estimate supporting a feasibility study.

- Positive factor: High grade of 12.1 g/t gold

- Positive factor: Significant contained metal of 774.5 koz

Evidence · text

> Proven and Probable Mineral Reserves of 1.989 million tonnes grading 12.1 g/t gold, containing approximately 774,500 ounces of gold

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**DFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.