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, with an all-in sustaining cost of US$1,569 per ounce. This strong economic profile demonstrates the project's viability and potential to generate significant returns in a favorable gold price environment.
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. Plans to expand mill throughput to 1,250 tonnes per day are expected to enhance economies of scale and lower operating costs, while direct CN rail access between the Swanson deposit and Beacon Mill provides a logistical and cost advantage. The Swanson Gold Project is approximately 18,304 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. This consolidation of historically significant land packages enhances the project's geological potential and reduces exploration risk.
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 which make up the Swanson Gold Project. The project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. 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. This existing infrastructure represents a significant competitive advantage, reducing both capital requirements and development timelines compared to greenfield projects.
The company is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Its mission is to advance mining projects with a focus 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 announcement matters because it demonstrates how strategic infrastructure ownership and resource expansion can create economically robust mining projects even in competitive jurisdictions, potentially setting a new benchmark for capital efficiency in the gold sector.
