Interview with Pascal Hamelin, President & CEO of Abcourt Mines

Our previous interview: https://www.cruxinvestor.com/posts/abcourt-mines-tsxvabi-can-abcourt-unlock-high-grade-gold-potential-4532

Recording date: 2nd February 2024

Quebec Junior Primed for Self-Funded Growth Spurt

Abcourt Mines provides investors a unique opportunity to capitalize on reviving a past-producing gold mine in Quebec while avoiding typical junior miner dilution from endless equity financings. The company has methodically updated infrastructure and modeled high-grade narrow vein deposits at its Sleeping Giant property over recent years. With the 750-900 ton per day on-site mill now set for production startup in Q1 2024, near-term cash flows unlock the potential for exponential resource expansion.

Initial processing will begin on 8,000 tons of stockpiled material grading 6-8 g/t gold generating potentially c.$500,000 per month net.. However, Abcourt has already identified nearly 100,000 additional ounces grading above 10 g/t accessible right near existing tunnels that is not encompassed in the current 500,000-ounce resource estimate. According to President and CEO Pascal Hamelin, first-hand knowledge of deposit structures has revealed considerable upside even compared to recently updated modelling. The company now has the properly mapped deposits to efficiently target drilling for rapid resource delineation after years spent playing catchup.

With the mill capable of driving upwards of $100 million in annual sales at reaching capacity, the ability to self-fund this growth is what sets Abcourt apart from peers. Hamelin estimates production can generate approximately $500,000 per month in free cash flows that can go directly towards exploration expenses. This prevents additional dilution to current shareholders while expanding gold reserves to extend the current 8-year mapped mine life. Beyond Sleeping Giant itself, Abcourt also controls over 13 distinct regional zones that can provide supplementary mill feed as resources grow across its wider land package.

The market continues underestimating just how substantial production upside and resource growth funded through internal cash flows can drive shares higher. Investors have an opportunity to position in Abcourt Mines while the stock flies under the radar before realizing upside from a fully-funded search for multi-million ounces of gold across Abitibi.

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View Abcourt Mines' company profile: https://www.cruxinvestor.com/companies/abcourt-mines-inc

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