# RETRANSMISSION: Amex Delivers a Positive Feasibility Study for Development of the Perron Gold Mine

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3

Original source: https://money.tmx.com/en/quote/AMX/news/8301722441114657/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the

Publisher: tmx

Original announcement: 2026-04-13T10:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Amex Exploration Inc.

- Ticker: AMX

- Exchange: TSX

- Region: Abitibi region of Québec

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Metallurgy, Other

- Extracted: 2026-09-15 10:52:58 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Amex Exploration Inc. has announced a positive Feasibility Study for the Phase 1 development of its 100%-owned Perron Gold Mine in Quebec, highlighting robust economics with a post-tax IRR of 114.6% and an NPV5 of CAD$1.13 billion at a gold price of USD$3,500/oz. The study outlines a 7-year mine life, including 5 years of commercial production averaging 147,000 oz/yr at an industry-leading AISC of USD$910/oz. The project benefits from high-grade Proven and Probable Mineral Reserves totaling 1.99 Mt at 12.10 g/t Au for 774 koz, and a high processing recovery rate of 97.50%.

Reasoning: Amex Exploration's Feasibility Study for the Perron Gold Mine demonstrates robust economics with a high post-tax IRR and NPV, low AISC, and rapid payback. The project benefits from high-grade mineral reserves and excellent metallurgical recovery, supported by a de-risking toll milling strategy.

- Positive factor: High Post-Tax IRR and NPV

- Positive factor: Low All-in Sustaining Costs \(AISC\)

- Positive factor: Rapid Payback Period

- Positive factor: High-grade Mineral Reserves

- Positive factor: High Processing Recovery Rate

- Positive factor: NI 43-101 Compliant Feasibility Study

- Positive factor: Toll Milling Strategy Reduces Risk and Capital

- Positive factor: Significant Contained Gold in Reserves

Facts used in scoring: 17

## Classification and evidence

**Proven Reserve**

Polarity: positive

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

Why it applies: The document reports 'Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t for 135 koz of contained gold'.

Evidence · text

> Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t for 135 koz of contained gold

**Probable Reserve**

Polarity: positive

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

Why it applies: The document reports 'Probable Mineral Reserves of 1,643 kt with a gold grade of 12.10 g/t for 639 koz of contained gold'.

Evidence · text

> Probable Mineral Reserves of 1,643 kt with a gold grade of 12.10 g/t for 639 koz of contained gold

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The document includes 'Measured Mineral Resource classification' and reports 'Total Meas 382 kt' in the resource table.

Evidence · table

> Meas

Context: Total

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The document includes 'Indicated Mineral Resource classification' and reports 'Total Ind 7,801 kt' in the resource table.

Evidence · table

> Ind

Context: Total

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: The reserve grades of 12.12 g/t Au \(Proven\) and 12.10 g/t Au \(Probable\) are significantly higher than the deposit-type peer comparison average of 6.543 g/t Au and the 75th percentile of 2.9 g/t Au.

Evidence · text

> Proven Mineral Reserves of 346 kt with a gold grade of 12.12 g/t

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Feasibility Study establishes new Proven and Probable Mineral Reserves totaling 774 koz of contained gold, representing a significant and new economic inventory for the project.

Evidence · text

> Proven and Probable mineable reserve of 1,989 kilotonnes at a grade of 12.1 grams per tonne, for 774,000 ounces of gold mined

**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: The press release explicitly states that 'The Qualified Persons \(within the meaning of National Instrument 43-101\) responsible for the technical information in this Press Release are Stephen Coates, P.Eng. of Evomine, Alexandre Burelle, P.Eng. of Evomine, Pierre Roy, P.Eng. of Soutex, Antoine Yassa P.Geo. of P&E, Denys Vermette, P.Geo. of Norda Stelo, Jérôme Augustin, Ph.D., P.Geo. of Laurentia Exploration, and Michael Verreault, P.Eng., of Hydro Ressources'.

Evidence · text

> The Qualified Persons \(within the meaning of National Instrument 43-101\) responsible for the technical information in this Press Release are Stephen Coates, P.Eng. of Evomine, Alexandre Burelle, P.Eng. of Evomine, Pierre Roy, P.Eng. of Soutex, Antoine Yassa P.Geo. of P&E, Denys Vermette, P.Geo. of Norda Stelo, Jérôme Augustin, Ph.D., P.Geo. of Laurentia Exploration, and Michael Verreault, P.Eng., of Hydro Ressources

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document states that 'Mineral Reserves used the following assumptions: ... gold marginal cut-off grade of 2.70 g/t for production and of 1.20 g/t for development'.

Evidence · text

> gold marginal cut-off grade of 2.70 g/t for production and of 1.20 g/t for development

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The document explicitly states that 'Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves \(2014\), which are incorporated by reference in NI 43-101'.

Evidence · text

> Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves \(2014\), which are incorporated by reference in NI 43-101

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: The document reports an 'Overall gold recovery has been assumed at 97.0% for the FS' and 'Processing Recovery Rate % 97.50'. This is well above the exceptional band for gold mill/CIL recovery \(>=95%\).

Evidence · text

> Overall gold recovery has been assumed at 97.0%

**Free Milling**

Polarity: positive

Definition: Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Soutex considers the Perron mineralized material to be 'well suited for processing in standard Abitibi gold plants, with no significant metallurgical issues identified'.

Evidence · text

> Soutex considers the Perron mineralized material to be well suited for processing in standard Abitibi gold plants, with no significant metallurgical issues identified

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents an updated Mineral Resource Estimate as part of the Feasibility Study, with an effective date of May 21, 2025.

Evidence · text

> The Perron FS incorporates the latest Mineral Resource Estimate \( MRE - released May 21st, 2025 \).

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.

Why it applies: The Feasibility Study includes the first formal declaration of Mineral Reserves for the project.

Evidence · text

> Proven and Probable mineable reserve of 1,989 kilotonnes at a grade of 12.1 grams per tonne, for 774,000 ounces of gold mined

**DFS-Supporting**

Polarity: neutral

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

Why it applies: The document is a 'Feasibility Study' which is a definitive study supporting project development decisions.

Evidence · text

> Amex Delivers a Positive Feasibility Study for Development of the Perron Gold Mine

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

## Resource Estimates (16)

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-0)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:0aa15e363e44a492ba0a
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: proven
- Tonnes: 346000
- Grade: 12.12
- Grade Unit: g/t
- Contained Metal: 135
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-04-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: Proven Mineral Reserves of 346 kt at 12.12 g/t Au represent a high-confidence, high-grade portion of the project's economic foundation, contributing significantly to the positive Feasibility Study.

- Positive factor: High-grade reserve

- Positive factor: High confidence category \(Proven\)

- Positive factor: Supports positive Feasibility Study economics

Evidence · table

> 12.12

Context: 346

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

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

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-1)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:0fdd2595513df38bdbdb
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 1643000
- Grade: 12.1
- Grade Unit: g/t
- Contained Metal: 639
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-04-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: Probable Mineral Reserves of 1,643 kt at 12.10 g/t Au provide a substantial, high-grade foundation for the project's economic viability as demonstrated in the Feasibility Study.

- Positive factor: High-grade reserve

- Positive factor: Good confidence category \(Probable\)

- Positive factor: Supports positive Feasibility Study economics

Evidence · table

> 12.10

Context: 1,643

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-2)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:d1e539b5039825bec576
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 1989000
- Grade: 12.1
- Grade Unit: g/t
- Contained Metal: 774000
- Contained Unit: oz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-04-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The total Proven and Probable Mineral Reserves of 1,989 kt at 12.10 g/t Au for 774 koz of contained gold provide a robust and high-grade foundation for the Perron Gold Mine's development.

- Positive factor: Significant total contained gold

- Positive factor: High overall reserve grade

- Positive factor: Forms basis for positive Feasibility Study

Evidence · table

> 12.10

Context: 1,989

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-3)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:cc6998b17825b181b092
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 48000
- Grade: 1.1
- Grade Unit: g/t
- Contained Metal: 2
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: A Measured Open Pit Mineral Resource of 48 kt at 1.1 g/t Au adds high-confidence, albeit lower-grade, material to the overall resource base for the Champagne Zone.

- Positive factor: High confidence category \(Measured\)

- Positive factor: Contributes to overall resource base

Evidence · table

> 1.1

Context: 48

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-4)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:9f5c4a8970a034764883
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 333000
- Grade: 14.2
- Grade Unit: g/t
- Contained Metal: 152
- Contained Unit: koz
- Cutoff Grade: 1.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: A Measured Underground Mineral Resource of 333 kt at 14.2 g/t Au represents a very high-grade, high-confidence component of the Champagne Zone, contributing substantially to the project's value.

- Positive factor: Very high-grade resource

- Positive factor: High confidence category \(Measured\)

- Positive factor: Significant contained gold

Evidence · table

> 14.2

Context: 333

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-5)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:3d793d48c88636a20ed4
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 382000
- Grade: 12.54
- Grade Unit: g/t
- Contained Metal: 154
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The total Measured Mineral Resource of 382 kt at 12.54 g/t Au for 154 koz demonstrates a high-grade, high-confidence portion of the Champagne Zone resource.

- Positive factor: High overall grade for Measured category

- Positive factor: Significant contained gold

- Positive factor: High confidence resource

Evidence · table

> 12.54

Context: 382

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-6)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:3bc7c8d5dd57fbfdb611
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 2520000
- Grade: 3.16
- Grade Unit: g/t
- Contained Metal: 256
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: An Indicated Open Pit Mineral Resource of 2,520 kt at 3.16 g/t Au provides a significant, good-confidence tonnage for potential open pit development in the Champagne Zone.

- Positive factor: Good confidence category \(Indicated\)

- Positive factor: Substantial tonnage for open pit

Evidence · table

> 3.16

Context: 2,520

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-7)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:7e3042e7d2802d327a3e
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 5281000
- Grade: 7.1
- Grade Unit: g/t
- Contained Metal: 1205
- Contained Unit: koz
- Cutoff Grade: 1.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: An Indicated Underground Mineral Resource of 5,281 kt at 7.1 g/t Au for 1,205 koz represents a substantial, high-grade component for potential underground mining in the Champagne Zone.

- Positive factor: High-grade resource for underground

- Positive factor: Significant contained gold

- Positive factor: Good confidence category \(Indicated\)

Evidence · table

> 7.1

Context: 5,281

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-8)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:f13990afa6f20b10b404
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 7801000
- Grade: 5.83
- Grade Unit: g/t
- Contained Metal: 1461
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The total Indicated Mineral Resource of 7,801 kt at 5.83 g/t Au for 1,461 koz provides a substantial, good-confidence resource base for the Champagne Zone.

- Positive factor: Significant total contained gold

- Positive factor: Good overall grade for Indicated category

- Positive factor: Good confidence resource

Evidence · table

> 5.83

Context: 7,801

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-9)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:67ede247b53507c1b961
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 8183000
- Grade: 6.14
- Grade Unit: g/t
- Contained Metal: 1615
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The total Measured and Indicated Mineral Resource of 8,183 kt at 6.14 g/t Au for 1,615 koz represents a substantial and high-confidence resource base for the Champagne Zone.

- Positive factor: Significant total contained gold in M&I categories

- Positive factor: Good overall grade for M&I resource

- Positive factor: High confidence resource base

Evidence · table

> 6.14

Context: 8,183

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-10)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:220defa46acf76a3dedf
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1044000
- Grade: 2.02
- Grade Unit: g/t
- Contained Metal: 68
- Contained Unit: koz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: An Inferred Open Pit Mineral Resource of 1,044 kt at 2.02 g/t Au provides additional tonnage for future exploration and potential upgrade, though with lower confidence.

- Positive factor: Adds to overall resource potential

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 2.02

Context: 1,044

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-11)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:85027fc0001fb538b7a8
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4000000
- Grade: 4.9
- Grade Unit: g/t
- Contained Metal: 631
- Contained Unit: koz
- Cutoff Grade: 1.4
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: An Inferred Underground Mineral Resource of 4,000 kt at 4.9 g/t Au for 631 koz provides substantial additional potential for future resource conversion and mine planning.

- Positive factor: Significant contained gold

- Positive factor: Adds to overall resource potential

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 4.9

Context: 4,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-12)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Stephen Coates, Alexandre Burelle, Pierre Roy, Antoine Yassa, Denys Vermette, Jérôme Augustin, Michael Verreault
- Resource group id: resource:edd273b3e8c335774ef7
- Deposit or zone: Champagne Zone
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 5044000
- Grade: 4.31
- Grade Unit: g/t
- Contained Metal: 698
- Contained Unit: koz
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-05-21

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The total Inferred Mineral Resource of 5,044 kt at 4.31 g/t Au for 698 koz represents a substantial, lower-confidence resource that offers future growth potential for the Champagne Zone.

- Positive factor: Significant total contained gold

- Positive factor: Adds to overall resource potential

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 4.31

Context: 5,044

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**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

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-14)

Summary of total Mineral Reserves at the Perron · gold

#### Identity

- Project: Summary of total Mineral Reserves at the Perron
- Commodity: gold
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- Resource group id: resource:7627ed604a9387697af7
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: proven
- Tonnes: 346
- Grade: 12.12
- Grade Unit: g/t
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 12.12

Context: 346

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

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

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-15)

Summary of total Mineral Reserves at the Perron · gold

#### Identity

- Project: Summary of total Mineral Reserves at the Perron
- Commodity: gold
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- Resource group id: resource:00266f928da61c100de2
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 1643
- Grade: 12.1
- Grade Unit: g/t
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 12.10

Context: 1,643

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-resource-facts-16)

Summary of total Mineral Reserves at the Perron · gold

#### Identity

- Project: Summary of total Mineral Reserves at the Perron
- Commodity: gold
- Ticker: AMX

#### Resource scope

- Estimate type: reserve
- Reporting standards: ni\_43\_101
- Resource group id: resource:f7952fd02cbf5de7bca7
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: probable
- Tonnes: 1989
- Grade: 12.1
- Grade Unit: g/t
- Cutoff Grade: 2.7
- Cutoff Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

- Negative factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 12.10

Context: 1,989

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## Metallurgical Results (1)

### conventional processing flowsheets

[Link to this fact](https://atlas-extractions.minestarters.com/news/retransmission-amex-delivers-a-positive-feasibility-study-for-development-of-the--e25a30e7-ae2d-4c7b-878a-ffc4e8fa18b3#fact-metallurgical-facts-13)

Perron Gold Mine · gold

#### Identity

- Project: Perron Gold Mine
- Commodity: gold
- Region: canada\_qc
- Reported Region: Abitibi region of Québec
- Ticker: AMX

#### Test Work

- Program Status: detailed
- Test Type: conventional processing flowsheets
- Processing Route: toll milling
- Sample: Perron mineralized material

#### Recovery

- Recovery: 97.5 %
- Recovery Basis: actual\_test

#### Lab

- Laboratory: ALS Global
- Consultant: Soutex

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The processing recovery rate of 97.50% is exceptionally high, indicating efficient metal extraction and contributing significantly to the project's robust economic projections.

- Positive factor: Very high processing recovery rate

- Positive factor: Supports strong project economics

Evidence · table

> 97.50

Context: Processing Recovery Rate

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 97.5% is at or above the exceptional band \(95%\)

## 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.