LaFleur Minerals Inc. has released results of a Preliminary Economic Assessment for its proposed Swanson Gold Project in Québec, revealing strong economic potential for the 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, with a 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 all-in sustaining cost is estimated at US$1,569 per ounce, positioning the project competitively within the industry.
The updated 2026 Mineral Resource Estimate shows a 30% increase in indicated resources to 160.3 thousand ounces of contained gold, supporting a seven-year mine life for the Swanson Gold Project. The company plans to expand mill throughput to 1,250 tonnes per day, which is expected to enhance economies of scale and lower operating costs. Direct CN rail access between the Swanson deposit and Beacon Mill provides a significant logistical and cost advantage, while road accessibility allows direct access to several nearby gold mills, further enhancing development potential.
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 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. This consolidation creates opportunities for district-scale development in the Abitibi Gold Belt near Val-d'Or, Québec.
LaFleur Minerals' fully permitted and refurbished Beacon Gold Mill is 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. The company's mission focuses on advancing mining projects with particular emphasis on the resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF. For more information about the specialized communications platform covering this announcement, please visit https://RocksAndStocks.news.
The PEA results demonstrate the technical and economic viability of the Swanson Gold Project, with the combination of increased resources, strategic infrastructure, and favorable economics creating a compelling case for development. The project's location in the established Abitibi Gold Belt provides additional advantages through existing infrastructure and mining expertise in the region. The company's focus on capital-efficient development utilizing existing mill infrastructure represents a lower-risk approach to project advancement compared to greenfield developments requiring entirely new processing facilities.
