Amex Exploration (TSXV:AMX) - Quebec Gold Project Posts Standout Feasibility Results
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Victor Cantore, President and CEO of Amex Exploration (TSXV:AMX), presents groundbreaking feasibility study results for the company's Quebec Gold Project, highlighting exceptional financial metrics driven by high gold prices and a strategically phased development approach. The study reveals a post-tax NPV of $1.1 billion at $3,500/oz gold and $1.7 billion at spot prices, with a post-tax payback period of just 0.5 years and an IRR of 114%. The project's phased strategy—starting with a bulk sample followed by phase one—enables rapid production by 2027, significantly reducing technical and financial risk while accelerating time-to-cash. The company leverages contract mining, toll milling, and strong community and government support to de-risk execution, with a focus on the high-grade Champagne Zone within the prolific Abitibi Greenstone Belt. Despite a short initial mine life of five years, the project is part of a larger 17.5-year resource base, and the company is already preparing for a follow-up feasibility study. Market reaction has been overwhelmingly positive, with a 25–30% stock surge, signaling strong investor confidence in the project's bankability and execution plan.
The Quebec Gold Project has a post-tax NPV of $1.1B at $3,500/oz gold and $1.7B at spot prices, with a 0.5-year payback period.
A phased development approach—starting with a bulk sample—enables production by mid-2027, reducing risk and accelerating cash flow.
The project uses contract mining and toll milling, with a blended transport cost model and strong metallurgical confidence (97.5% recovery).
High-grade resource (up to 12.1 g/t) and low AISC ($910/oz) support strong free cash flow and project bankability.
Community, First Nations, and government backing, along with streamlined permitting, provide high execution confidence.
Feasibility Study Headlines and Financial Highlights
“The post-tax payback period is 0.5. I mean, pre-tax is 0.4. It doesn't really... The mine gets paid back very fast.”
Phased Development Strategy: Bulk Sample and Phase One
“If we were not going to do it this way... you'd be looking about going into production probably in 2030, 2031 or 2032. Now, the way we're doing it... you're going to be extracting gold in the middle of 2027.”
Execution Plan: Contract Mining, Toll Milling, and Logistics
The bulk sample and phase one will use experienced mining contractors and toll milling, with transport costs modeled via a blended sensitivity analysis.
Permitting, Community, and Regulatory Confidence
“We do have a high confidence level that 2028 it's we're definitely comfortable with that date and we're actually hoping that it could be way before that also.”
Metallurgical Confidence and Geological Validation
Independent engineers increased recovery estimates to 97.5%, and extensive drilling (down to 7.5m spacing) confirms high-grade resource confidence.
“The post-tax payback period is 0.5. I mean, pre-tax is 0.4. It doesn't really... The mine gets paid back very fast.”
“If we were not going to do it this way... you'd be looking about going into production probably in 2030, 2031 or 2032. Now, the way we're doing it... you're going to be extracting gold in the middle of 2027.”
“Once you finance your box sample, there shouldn't be many other financings after that.”
Host
Guest
Victor Cantore
person
Amex Exploration
organization
Quebec Gold Project
other
Champagne Zone
other
Abitibi Greenstone Belt
other
First Nations
organization
PEA
other
TSXV:AMX
other
G2 Goldfields
organization
Casa Variety
organization
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