PEA Report Delivers Resilient High Return Profile for LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) Swanson Gold Project in Abitibi Gold Belt

Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.

• LaFleur Minerals has released its highly anticipated report on the Preliminary Economic Assessment (“PEA”) for its flagship Swanson Gold Project in the Abitibi Greenstone Belt of Quebec
• The PEA outlines the gold mining project as being straightforward, capital efficient, and likely to produce “significant economic returns” considering the strong gold market
• The PEA assesses the benefits of LaFleur’s wholly owned Beacon Gold Mill, the nearby Swanson Gold Deposit’s resources, and the project’s proximity to skilled labor and equipment suppliers in the already established Val d’Or mining community

Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is reporting the results of a positive Preliminary Economic Assessment (“PEA”) that will help the company accelerate its roadmap to production profitability in the renowned Abitibi gold belt of Quebec, and that further validates the Company’s assets potential. As of recent, LaFleur has delivered a compelling combination of strong drilling results, robust economic metrics, and near-term production potential which makes it one of the most notable emerging production stories in its jurisdiction.

LaFleur’s report issued March 3 anticipates a “technically straightforward, capital efficient project with significant economic returns” thanks to the company’s Swanson Gold Deposit, existing mining lease, as well as their nearby refurbished Beacon Gold Mill and permitted tailings storage facility. 

“With a modest initial capital requirement and mill upgrades and strong projected returns at a US$2,750 per ounce base-case gold price, we believe Swanson has the potential to evolve into a competitive and short-term gold development project within the Abitibi Gold Belt,” LaFleur CEO Paul Ténière stated in the company’s news release (https://ibn.fm/wNUA4).

“Our focus now shifts to continued technical optimization, metallurgical and bulk sample validation, and permitting advancement,” he added, “as we evaluate the next phase of growth and progress toward restarting the Beacon Mill in 2026.”

The Beacon Gold Mill’s proximity to the Swanson Project by road, and the further potential for creating a rail line spur directly to the mill, highlight the streamlined, low-complexity path to production LaFleur enjoys, according to the PEA.

The PEA also envisions a potential reduction in operating costs through the economies of scale as the company completes a staged mill expansion from its current 750 tonnes per day (“TPD”) capacity to 1,250 TPD to match the mine output. Although not analyzed in the current PEA, the company is already contemplating the possibility of further expansion to 3,000 TPD or higher with a parallel mineral processing circuit if additional mill feed is secured.

In assessing the potential for investment profitability, the PEA establishes a Net Present Value (“NPV”) of C$101 million (5% value creation) and places Internal Rate of Return (“IRR”) expectations at 65% after taxes, where Swanson shines in CAPEX efficiency, quick payback, and base-case IRR compared to peers such as West Red Lake Gold. The report’s All-In Sustaining Costs (“AISC”) metric highlights a profitable outcome even if gold prices retreat somewhat from the record run they have enjoyed during the past year, using a conservative US$2,750 per oz gold price as base case.

The company’s updated 2026 mineral resource estimate (“MRE”) shows a 30% increase in the indicated mineral resource over the 2024 MRE, due to updated cut-off grades. The 2026 MRE does not incorporate the positive results of the recently completed diamond drilling program, but now highlights 227koz of contained gold (Ind and Inf).

The PEA also notes the Swanson Project’s proximity to Val-d’Or, Quebec — a predominant mining camp with a skilled workforce and equipment suppliers, which creates the potential for already housed employees who can drive in and out without the need for LaFleur to create costly camp facilities and the infrastructure that accompanies remote site work.

All-in-all, the assumptions outlined in the PEA indicate positive potential economic viability for the company and rapid payback on investment.

LaFleur also recently announced significant progress toward restarting gold production at, with refurbishment work advancing on schedule and about 30% of the budget spent to ready the facility for a planned gold pour later this year.  This combination of a capital-efficient, high-return PEA, proven continuous mineralization and strong geology, and near-term processing capability with wholly owned infrastructure positions LaFleur as a junior gold developer with both a clear path to production and potential upside through resource expansion, creating what many would see as a compelling investment story of a junior gold developer with both pipeline resource growth and existing processing assets.

For more information, visit the company’s website at LaFleurMinerals.com.

NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF

Qualified Person Statement:

All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Tec

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