{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Amex Exploration (TSXV:AMX) - Quebec Gold Developer Evaluates PFS Option for 1.6Moz Perron Project","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/0eda5ba2\"></iframe>","width":"100%","height":180,"duration":1277,"description":"Interview with Victor Cantore, President & CEO of Amex Exploration Inc.Our previous interview: https://www.cruxinvestor.com/posts/amex-exploration-tsxv-amx-133m-in-annual-free-cash-flow-within-reach-at-quebec-gold-project-6378Recording date: 11th February 2025Amex Exploration is advancing its Perron gold project in Quebec's Abitibi region, pursuing a dual strategy of resource expansion and development validation. The project currently hosts 1.6 million ounces of gold across multiple high-grade zones, with only 20-25% of the 4,518-hectare property explored to date.The company's 2024 preliminary economic assessment (PEA) outlines robust project economics. The study projects average annual production of 101,000 ounces of gold over a 10-year mine life, with higher production of 124,000 ounces in the first five years. All-in sustaining costs are estimated at US$807/oz life-of-mine, dropping to US$739/oz in the first five years. At a US$2,000/oz gold price, the project demonstrates an after-tax NPV(5%) of $525 million and an IRR of 40.2%, with projected cumulative after-tax free cash flow of $767 million.Amex has two drill rigs currently operating on the property and is planning a balanced approach to its 2025 exploration program. The company will split its remaining funds equally between infill drilling to upgrade existing resources and exploration drilling to expand known zones and make new discoveries. The technical team is utilizing artificial intelligence and machine learning to identify the most promising targets in the unexplored 75-80% of the property.On the development front, Amex is evaluating several initiatives including a potential preliminary feasibility study and a bulk sample program similar to Osisko Mining's approach at their Windfall project. The company has also begun early-stage permitting work.Mid-tier producer Eldorado Gold holds a 9.9% strategic stake in Amex and provides quarterly technical guidance through regular meetings. While Amex is...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}