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, 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 provides a stronger foundation for the project's economic viability and demonstrates the potential for further expansion through continued exploration. The Swanson Gold Project encompasses approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
LaFleur Minerals 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. The company's fully permitted and refurbished Beacon Gold Mill is currently 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. Direct Canadian National railway access between the Swanson deposit and Beacon Mill provides a significant logistical and cost advantage for material transportation.
The company 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 which make up the Swanson Gold Project. The project's accessibility by road allows direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with a mission to advance mining projects with significant potential to deliver long-term value.
For investors seeking additional information, the latest news and updates relating to LaFleur Minerals are available through various financial communication channels. The company's announcement was disseminated through specialized mining industry platforms including Rocks & Stocks, which provides insights into the mining sector as part of a broader financial communications network. The full press release detailing the PEA results can be accessed through financial news distribution services.
