FAQ: LaFleur Minerals PEA Study for Restarting Beacon Gold Mill Operation

What is the main purpose of the PEA study for LaFleur Minerals?

The Preliminary Economic Assessment is being conducted to evaluate the restart of gold production at LaFleur’s Beacon Gold Mill using mineralized material from the nearby Swanson Gold Deposit, supporting the company’s transition to becoming a vertically integrated gold producer.

Who is conducting the Preliminary Economic Assessment for LaFleur Minerals?

Global environmental consultant firm Environmental Resources Management (ERM) has been hired to provide technical expertise and conduct the PEA study for LaFleur Minerals’ core assets.

Where is LaFleur Minerals’ gold operation located?

The operation is located in the Abitibi Greenstone Belt in Quebec, Canada, specifically with the Beacon Gold Mill and nearby Swanson Gold Deposit situated in Val-d’Or within Canada’s largest gold-producing district.

When is gold production expected to begin?

Gold production is anticipated to launch early next year, with the company’s recent fully subscribed equity offering and other planned financing opportunities providing the necessary capital.

What makes LaFleur Minerals’ operation vertically integrated?

LaFleur wholly-owns the Beacon Gold Mill, a nearby exploration operation, and a fully permitted tailings storage facility, providing the foundation for a complete mining-to-processing operation within the same company structure.

What progress has been made on the Swanson Gold Deposit?

LaFleur has already begun diamond drilling on the 18,304-hectare Swanson site, with assays showing high-grade, near-surface intercepts, and ’twinning’ definition drilling is expected to provide confident updated mineral resource confirmation.

How far is the Swanson Gold Deposit from the Beacon Gold Mill?

The Swanson Gold Deposit is located only 60 km from the company’s Beacon Gold Mill, making it conveniently positioned for efficient transportation of mineralized material.

Where can investors find more information about LaFleur Minerals?

The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF, and more information can be found at https://www.investorbrandnetwork.com/clients/lafleur-minerals-inc/

Who has verified the technical information in this announcement?

All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101.