Announcement • Jul 18
Emperor Metals Commences Updated NI 43-101 Technical Report For The Lac Pelletier Gold Project
Emperor Metals commenced work on an updated National Instrument 43-101, Standards of Disclosure for Mineral Projects, Technical Report for its Lac Pelletier Gold Project, located approximately 4 kilometers southwest of Rouyn-Noranda, Quebec. The updated technical report represents an important milestone in advancing the Lac Pelletier Project toward the next stage of development. The report will integrate historical exploration and development data with the Company's recent technical work to provide an updated and comprehensive assessment of the Project in accordance with current NI 43-101 disclosure standards. The updated NI 43-101 Technical Report is expected to be completed in the coming months and will provide a comprehensive, current assessment of the Lac Pelletier Gold Project in accordance with National Instrument 43-101 disclosure standards. The report will integrate historical drilling, geological modelling, underground development, metallurgical data, geotechnical and hydrogeological studies, and other technical work completed to date, establishing a robust technical foundation for the Company's next phase of project advancement. Upon completion of the updated technical report, Emperor intends to commence a Pre-Feasibility Study, which will further refine the project's mining methods, processing flowsheet, infrastructure requirements, capital and operating cost estimates, and overall economic potential. Lac Pelletier is an advanced-stage gold project with significant existing infrastructure, including approximately 3.3 kilometers of underground development, a portal, ventilation raise, settling ponds, and more than 100,000 meters of historical drilling. The project also benefits from a fully authorized underground mining permit allowing production of up to 1,000 tonnes per day, providing a clear regulatory pathway toward development. Previously advanced to the threshold of production under prior ownership, Lac Pelletier represents a unique opportunity to leverage existing infrastructure and permits to accelerate project advancement. The Company is executing a disciplined, phased development strategy designed to systematically de-risk the project while maximizing long-term shareholder value. The updated NI 43-101 Technical Report and forthcoming Pre-Feasibility Study, supported by comprehensive geotechnical, hydrological, geochemical, metallurgical, and mineral processing programs, will further enhance the technical confidence necessary to support future engineering and development decisions. Subject to favourable technical study results, regulatory approvals, financing, and environmental permitting, subsequent development activities are expected to include underground dewatering and rehabilitation, detailed engineering, and staged surface and underground mine construction. Collectively, these initiatives are intended to position the Lac Pelletier Gold Project for a future production decision and potential commercial operations. The technical information in this press release was reviewed and approved by John Florek, P. Geo., President and CEO of Emperor in his capacity as the Company’s “qualified person”.
