| Announcement Date: | 2023-07-19 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Abcourt Mines Inc. |
| Project name: | Sleeping Giant |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | PEA result incl. Post Tax NPV (5%) of USD $54.4M & IRR of 33.3% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report Preliminary Economic Assessment (“PEA”) for the Sleeping Giant Project (the “Project”) (the “Report”) was prepared and compiled by InnovExplo Inc (“InnovExplo”) at the request of Abcourt Mining Group (“Abcourt”). The Project is located 80 km north of the town of Amos in northwestern Quebec. The purpose of the Report is to summarize the results of the PEA for the Project, in accordance with the guidelines of the Canadian Securities Administrators National Instrument 43 101 (“NI 43-101”) and Form 43101. This Report was prepared based on contributions from several independent consulting firms including, InnovExplo Inc (“InnovExplo”), WSP Inc (“WSP”), Soutex Inc (“Soutex”) and Englobe Corp (“Englobe”). It provides a base case assessment for developing the Sleeping Giant gold deposit as an underground mine, continuing from the historic mine, including all relevant facilities. All monetary units in the Report are in Canadian dollars (“CAD” or “$”), unless otherwise specified. Costs are based on first quarter (Q1) 2023 dollars. Quantity and grades are rounded to reflect that the reported values represent approximations |
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