02:05 PM EDT, 03/27/2026 (MT Newswires) -- LaFleur Minerals ( LFLRF ) on Friday released a Preliminary Economic Assessment (PEA) for Swanson Gold Deposit and Beacon Gold Mill in Quebec.

The company said the base case a project with mill throughput of about 1,250 tonnes per day (tpd), with expansion potential to 3,000-4,000 tpd in longer-term scenarios. The PEA utilizes existing infrastructure, including the recently refurbished Beacon Gold Mill and tailings facility, with an independently evaluated replacement cost of $71 million.

LaFleur Minerals ( LFLRF ) said the PEA outlines a "robust, low-complexity and cost-effective" development plan leveraging the fully permitted Beacon Gold Mill, "demonstrating strong economics with a 65% after-tax IRR, C$101 million NPV (5%), and US$1,569/oz AISC, supported by staged expansion to 1,250 tpd and strong free cash flow generation at a US$2,750/oz gold base case." It also incorporates recent confirmation drilling, metallurgical testwork, and engineering studies.

"The study validates our vertically integrated strategy, combining the Swanson Gold Deposit with our fully permitted Beacon Gold Mill," said Chief Executive Paul Teniere. "With key infrastructure in place and funding secured for mill restart and recommissioning, we believe the company is well positioned to transition into a gold producer and generate near-term revenue, with additional scalability and operational flexibility that differentiate us from many junior developers."

Shares of the company were last seen up 4% at $0.52 on the Canadian Securities Exchange.

Price: 0.52, Change: +0.02, Percent Change: +4.00