FAQ: LaFleur Minerals' Gold Production Potential and Beacon Gold Mill

What is LaFleur Minerals and what does it do?

LaFleur Minerals is a Canada-headquartered mining company focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec, with a primary focus on its Swanson Gold Project and Beacon Gold Mill.

What is the Swanson Gold Project and where is it located?

The Swanson Gold Project is approximately 18,304 hectares (183 km²) located in the Abitibi Gold Belt near Val-d’Or, Québec, and includes several gold-rich prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining.

What is the Beacon Gold Mill and why is it significant?

The Beacon Gold Mill is LaFleur’s fully permitted and recently refurbished processing facility capable of processing over 750 metric tons per day, valued at over C$71 million replacement cost, which provides a low-cost path to production and potential custom milling revenue.

How much did LaFleur pay for the Beacon Gold Mill?

LaFleur purchased the Beacon Gold Mill in bankruptcy proceedings for a small fraction of its value, after the former owner had invested more than C$20 million in equipment and upgrades.

What is the restart cost for the Beacon Gold Mill?

The mill requires an estimated C$5 million in restart upgrades to become fully operational, highlighting the low restart cost compared to its C$71+ million replacement value.

How does LaFleur benefit from current gold market conditions?

With gold prices skyrocketing, LaFleur serves as a valuable conduit for regional deposits wanting to jump start production without their own processing facilities, creating potential custom milling revenue opportunities.

What historical data supports the Swanson Project’s potential?

The project is supported by extensive data and results from over 36,000 metres of historical drilling, along with gold recovery evidence from nearby operations.

Where can investors find the latest updates about LaFleur Minerals?

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

What makes the Swanson Project easily accessible for development?

The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, which enhances its development potential and operational efficiency.

How might the Beacon Gold Mill generate revenue beyond processing Swanson material?

The mill is being considered for custom milling operations for other nearby gold projects, creating additional revenue streams beyond processing mineralized material from the Swanson Project.