Amex Announces Filing of Feasibility Phase 1 Technical Report for the Perron Gold Mine
Original announcement by tmx on
- Company
- Amex Exploration Inc.
- Ticker
- AMX
- Exchange
- TSX
- Region
- Québec, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update
- Extracted
- 2026-08-22 22:32:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
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, with an estimated NPV of C$1.13 billion and an IRR of 114.6%.
Reasoning: The filing of a Phase 1 Feasibility Study for a high-grade gold project with strong economics is a major de-risking milestone, though the core results were previously disclosed.
Positive factors
- Strong economic indicators (NPV $1.13B, IRR 114.6%)
- High-grade reserves (12.1 g/t Au)
- Short payback period (0.5 years)
- Proven and Probable reserves established
Negative factors
- Results were previously announced in April 2026
Facts used in scoring: 2
Classification and evidence
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The report explicitly states Proven and Probable Mineral Reserves.
Evidence · text
“Proven and Probable Mineral Reserves”
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The report explicitly states Proven and Probable Mineral Reserves.
Evidence · text
“Proven and Probable Mineral Reserves”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report was prepared in accordance with NI 43-101 standards.
Evidence · text
“prepared in accordance with NI 43-101”
QP/CP Signedpositive
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 report.
Evidence · text
“The Qualified Persons ("QPs") for this Technical Report are the following”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
provengoldTonnes: 1989000Grade: 12.1Grade Unit: g/tContained Metal: 774500Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AMX
Resource Data
- Category
- proven
- Tonnes
- 1989000
- Grade
- 12.1
- Grade Unit
- g/t
- Contained Metal
- 774500
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-29T00:00:00.000Z
Reasoning: High-grade gold reserve reported as part of a feasibility study.
Positive factors
- High grade (12.1 g/t)
- Established reserve category
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”
probablegoldTonnes: 1989000Grade: 12.1Grade Unit: g/tContained Metal: 774500Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- AMX
Resource Data
- Category
- probable
- Tonnes
- 1989000
- Grade
- 12.1
- Grade Unit
- g/t
- Contained Metal
- 774500
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-29T00:00:00.000Z
Reasoning: High-grade gold reserve reported as part of a feasibility study.
Positive factors
- High grade (12.1 g/t)
- Established reserve category
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”
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.