All right. I'll try and get this connected. Hopefully, it shows up in a second here. There we go. Perfect. Thanks everyone for being here today. It's a pleasure to be at the Denver Gold conference. Absolutely amazing being down here at the Broadmoor Hotel. It's a fantastic place. For those that don't know the AMEX Gold Mining story, it is a high-grade development story in Quebec, Canada. Bonjour to any francophones out there. The three main pillars I'll be talking to you about today are the fantastic location of the project with fantastic existing infrastructure, the high-grade nature of the project, which really leads into all the economics that I'll be showing you today, and fantastic support by the local communities and the First Nations. Which obviously doesn't matter how high-grade of a project you have. Without backing from those two groups, you'll never get a mine underway. We have fantastic support from those two groups as well. I'll also show you how this project is fully financed into the first phase of production, and that we'll never have to issue any equity financing again before becoming a 147,000-ounce producer by mid-2028. As I said, I'll start with location. Here is our project location here, the Perron property, with the red star there, smack bang in the middle of the Abitibi greenstone belt. We're right along the Quebec-Ontario border, as you can see there on the Quebec side. We also have a vast land package, 570 sq km now, that extends onto the Ontario side of the border as well. Why location is important for us, not only is it fantastic to be located to the historic mining town of Normetal, which was an old VMS mine, ran from the 1930s to the 1970s. You can see the grades there. A bit over 10 million tonnes was mined down to a depth of 2.4 km. So far, our Champagne Zone, which is our highest grade zone on the property, has already been defined down to a depth of 1.4 km vertically, and we still have 10 g plus assays at 1.6 km vertically. But also because the first phase of our operation will be a toll milling operation for the first five years. It's important that we're located in the middle of the Abitibi, as we have many options available to us for that toll milling, and we're not refined to just one toll mill in the area. The closest operation in production would be the Casa Berardi mine, which Orezone just bought earlier this year from Hecla. The Holt-Holloway operation is on care and maintenance at the moment with Agnico Eagle Mines Limited, so that is a potential, another option as well. There's a toll milling operation out in the Timmins camp that purely does toll milling, and that's it. The Westwood mine with IAMGOLD potentially has capacity as well. And our 27% shareholder, Eldorado Gold, has their Lamaque operation down in the Val-d'Or camp. Even though that's 197 km away, when you're shipping 12 g plus material from Normetal to Val-d'Or, you're still coming out with extremely healthy margins. This is the town of Normetal that we live and operate out of. Like I said, very supportive community. You can see the houses that have been built right up against the old rehabilitated tailings facility from the old VMS mine, which we're obviously not touching. Maybe turn it into the golf course, but that's about it. Very supportive communities. When we do local presentations, the questions we get is, "When's the mine opening? When can my son get a job?" These are historical, generational miners that live in this town, and they're very supportive of the project. Great that we don't have to build a camp. All of our geos, techs, drillers either do rotations in the town or actually come from the town. Either Normetal or the town of La Sarre, only a 20 minute-25 minute drive to the south, where there's about 10,000 - 12,000 residents. We also have the electrical transformer station right next to town. This is the line that runs to the north to power the Casa Berardi mine for Orezone. We only have 6.5 km of power line from the transformer station here to hook ourselves up to the Hydro-Québec network, which we are doing as we speak, and we will be hooked up to the network as of January next year. This is the town of La Sarre, 20-minute drive to the south, where we get a lot of our local employees from as well. 10,000 -1 2,000 people. With the trade war that's going on between Canada and the U.S. at the moment, this was previously a very lumber-focused village. We're able to take advantage of the trade war at the moment and provide a lot of jobs to the local community in our core shack and our drilling operations and mining operations at the moment. Grade was the second point that I'd mentioned. The Champagne Zone in particular. We have a 2.3-million-ounce resource property-wide, and within that, we have almost a million ounces of extremely high-grade resource. In that Champagne Zone itself, 831,000 ounces of measured indicated at a grade of 16.2 g/t That is the material that went into the feasibility study for the first phase of the operation that we released earlier this year in April. A fully diluted grade for that phase one feasibility study of 774,000 ounces of reserve of a little over 12 g/t Extremely high grade and high margins to be made at the Perron project. This is how we envisage getting the Perron project into development. We got our permits for our 40,000 ton bulk sample earlier this year. In May, we did an CAD 80 million financing, of which CAD 60 million of that is going towards the bulk sample for the 40,000 ton bulk sample. We've handed out the mining contract to CMAC-Thyssen. They have mobilized to site, blasted the portal, and are roughly 100 m into the decline so far. I have some photos at the end here that I can show everyone to show progress at the site as we speak. CAD 60 million may sound expensive for a 40,000 ton bulk sample, but we are preparing ourselves as we speak to get prepared to fully size ourselves out for the first phase of the operation. The decline is a 5 m by 5.3 m decline, full size decline. We've built the water treatment plant to be sized for the first phase of the operation, the garages that we're constructing at the moment, et cetera. The gold from the bulk sample we envisage to be extracted in Q4 of next year. This is one of the main points that we will not have to issue equity again in the project. 40 million of the 60 million that we're spending in the bulk sample at the moment is sunk costs in the ground for the portal, the decline, water treatment plant, et cetera, everything that we're building at the moment. That can be subtracted off our phase one CapEx, which is CAD 194 million. The gold sales from the bulk sample, we're expecting anywhere in the range of CAD 120 million- CAD 140 million. Then we have pre-production revenue of CAD 68 million, before we reach nameplate capacity. Our phase one operation will be a 1,100 ton a day operation. As we're ramping up to our nameplate capacity, which is 60%-- sorry, 60% of our nameplate capacity for us is 660 tons a day for three months straight. As we're ramping up 100, 200, 300, 400 tons a day, CAD 68 million of gold sales as well. Add all of those three amounts together, we're at about CAD 240 million. This is how our phase one CapEx of CAD 194 million is already financed, to get us into being a 147,000 ounce a year producer by mid-2028. This is how the gold production profile looks like over the first five years of the mine life. Again, we've only done the feasibility study on the first phase of the operation. Once we're in production with the toll milling operation, this then fully finances the second phase of the operation, which we envisage for roughly 2032, 2033, when the free cash flow that we'll be generating during this phase of the first five years will not only help us pay for all the exploration that we continue to doing on our 570 sq km land package, but also pay for the financing requirements for the build-out of the mill, et cetera, for the second phase of the operation. This is how the economics look like from the feasibility study that we did for the first phase of the operation in April of this year that we put it out. At a base case of $3,500 gold, we're producing almost $2.5 billion of free cash flow over that first five years of the life of mine, which like I said, helps finance the continuation of the mine when we bring the other zones online in the second phase of the operation. Half year payback period, but as I explained, there really isn't a payback period with all the revenues that we're going to be generating from the bulk sample as well. Obviously, a very attractive NPV and IRRs. What we like to point out as well is the sensitivity analysis that you can see on the right-hand side of the screen there. Even in a $2,500 gold environment, we've still got a 0.6% payback period and extremely healthy economics. Even in a depressed gold market, obviously touch wood that we're not going there, the Perron project is one of the few projects that still passes the mark and gets into production. As I mentioned, we've got a truly district land scale, land package now, 570 sq km and controlling a 70 km strike length of what is a very underexplored Abitibi Greenstone Belt, especially from a gold perspective. In the past, this was thought to have been more of a VMS only producing belt, and that theory has obviously been put to bed since AMEX has made a bunch of high-grade gold discoveries from 2018 and onwards. Really a renewed focus on gold in this Normetal-Bousquet Greenstone Belt. Now through multiple acquisitions and a lot of land claim staking ourselves, over the last 12 -18 months, we've now got a serious exploration program ahead of ourselves over the years to come. Everything I've spoke about so far, the 2.3 million ounce resource, all the economics, is for everything located on the Quebec side and all the exploration we have to come on the Ontario side is really the blue sky potential that lays ahead of us. Just quickly, the Cap structure here. As I mentioned, our major shareholder at Eldorado Gold at 27% of the company. Insiders hold roughly 6.5% as well. Then very strongly, institutionally held as well. Metallurgy is obviously extremely important on any gold project, and our metallurgy is next to none here, especially when we're talking about the Champagne Zone. You can see the met test work that we did for the phase one FS here. Probably even nicer than the 79.5% total recovery is the 75% that comes out just via the gravity circuit. It speaks volumes to the nature of the mineralization that we have within the Champagne Zone. You can see on the right-hand side there, the photos, large native gold grains within the quartz veins, not trapped within sulfides or anything like that. So extremely straightforward to recover the gold here and really fits into many, many flow sheets that can be found across the Abitibi. This is how the surface footprint will look for the first phase of the operation. So first phase of the operation, 100% underground, so very small footprint from an environmental standpoint. If I spin this back around here, I'll just show our proximity to the town of Normetal. Here's Normetal here, 6.5 km away from the project. So close enough to the project to be able to take advantage of its local infrastructure, but far enough away from the town to not disturb the local residents as well. That's where the power station is as well, the line that runs up to Casa Berardi, and this is our road to access the project, only 6.5 Ks away, like I mentioned. Falling underground now, this is how the mine plan looks for the first phase of the operation. Like I mentioned, 100% underground. If I spin the model around in this direction, you can see how vertical the nature of the ore body is. 4.6 m average stope width, dips at about 88 degrees to the north, so essentially vertical. So gravity is our friend here for our mining engineering team. Very straightforward mining process, longitudinal, long hole stoping. We do not have to reinvent the wheel here. With that vertical nature of the ore body, it keeps the OPEX to an absolute minimum as well. Simple spiral decline right next to the Champagne Zone. In the last couple of weeks, we announced a new discovery called the Rosé zone, which was roughly found in this area here, about 160 m below where the fully financed ramp is going to be placed. Very early days with that new zone. We have got about 8 or 10 drill holes into it so far. Hypothetically, once the spiral decline is in place for Champagne, we can simply branch across and go and grab those veins as well. Currently looking at getting an underground rig into place to start drilling the extensions of that new discovery, as well as a few other zones. To finish off with here, I have got a few photos from progress on site over the last couple of weeks. This is how things are looking as we speak. Water treatment plant is right here. Portal right there as well. As I mentioned, box cut has been blasted. You can find all the blast videos on YouTube as well, if you are interested. We are about, as we speak, about 100 m or so into the decline. This is where the surface garage is being constructed at the moment. A bit of a close-up of the portal. A few other pictures from site here and all the office buildings that are currently going in. A few photos of obviously some workers walking towards the box cut there. Like I mentioned as well, great support from the local community and our First Nation partners, the Pikogan, who are a very mining knowledgeable First Nation group. They already have an agreement in place with the Casa Berardi mine, so that relationship is going extremely well as well as we are pushing towards the stopes of the bulk sample here and being a producer in mid-2028. That is essentially a quick rundown of AMEX Gold Mining. I do not know if anyone had any questions in the last couple of minutes here. Thanks very much, Aaron. We do have some time for some questions. There is a question right there in front. What is the timeline on permitting here as it is currently going on in Canada at the moment for this style of operation? Yep, absolutely. Thank you very much for the question. The permitting process for us here, especially for the first phase of the operation, is extremely straightforward. We have got the permit in place for the 40,000-ton bulk sample, which we are executing at the moment. We have submitted the project notice to the Quebec government, which officially gets the ball rolling on the permitting process. We will be submitting the impact study in Q1 of next year, and then we are expecting roughly a 12-month review process of the first phase of the operation. Expecting to be permitted for the first phase of the operation towards the start of 2028. Really the goal for us is to have the permits in place for the first phase of the operation once we are finished with the bulk sample, so we can simply continue on with the spiral decline next to the Champagne Zone and continue on with mining. Really the only difference between the bulk sample is just a question of volume. The bulk sample is 40,000 tons, and then our first phase of the operation is 1,100-ton a day operation, and nothing really changes at surface. We just continue on mining the Champagne Zone with the spiral decline next to it, and it is just a question of volume after that. Our goal is between the finish of the bulk sample and the start of the first phase of the operation, we do not want to be sending any workers home, right? We are pushing really hard on the permitting over the next 12 months to get permitted there. The beauty of the first phase, we are not talking about a mill yet, we are not talking about tailings yet because we are shipping it off-site. It is a pretty straightforward permitting process for us. Thanks, Aaron. Any other questions? We have time maybe for a quick one. Okay, I will ask just a quick one as well. In terms of, you talked about the Rosé zone that you guys have discovered, and there is obviously some more drilling going there. Is there potential to bring that into the mine plan on sooner and kind of increase your throughput rates? Is that the thinking over here? Yeah. It is still early days yet with the Champagne Zone. It is a brand-new discovery, and like I mentioned, we have probably got eight or 10 drill holes into it so far. There is some decent grades in it, so definitely it will come online into the second phase of the operation. Whether or not we can bring that online in the first phase of the operation is, yeah, probably an outstanding question at this point in time. At this point in time, the focus for the first phase is really on that Champagne zone because it is so high grade in nature, extremely continuous mineralization, extremely easy to follow with the drill bit. Still early days with Rosé, but most likely will fit into the second phase of the operation at this point in time. But if the drilling gets even better and better, has a potential to fit into phase one as well. Excellent, Aaron. Thank you so much for the update. Appreciate it. Thank you very much. Thank you.
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