Name of the Project
Sleeping Giant gold project.

Location
Greenstone belt of Abitibi, 80 km north of the town of Amos, in Quebec, Canada.

Project Owner/s
Emerging gold producer and Canadian exploration company Abcourt Mines.

Project Description
The project is an underground mine that was operated until 2014.

The project envisages a rapid startup of operations with minimal initial investment.

The project involves the extraction of 720 000 t of ore, including new stopes that can be accessed almost exclusively from existing levels.

Production will be split between levels N-145 and N-1110, and will require rehabilitation of the drifts, escapeway, shaft service compartment and existing infrastructure.

The stopes will be mined using longhole, shrinkage and room-and-pillar methods, with a tonnage distribution of 27%, 30% and 43% respectively.

Ore will be processed at Sleeping Giant’s concentrator plant, which has a capacity of between 700 t/d and 750 t/d.

Sleeping Giant has strong potential for mineral resource expansion, based on more than 800 mineralised structures remaining open at depth, down plunge and to the east. Future modelling could offer an increase in the potential of the project. Using nearly 50% of its capacity, the current ore-processing plant has excess capacity that could offer the opportunity to accept material from deposits surrounding the project.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at a 5% discount rate, of C$54.4-million and an internal rate of return of 33.3% with a payback of 2.1 years.

Capital Expenditure
Initial capital expenditure is estimated at C$73.83-million.

Planned Start/End Date
First gold was achieved in September 2025.

The mine remained in operational ramp-up during the 2026 financial year.

Latest Developments
Abcourt processed 11 891 t of ore during the fourth quarter ended June 30, 2026, a 160% increase from the 7 445 t processed in the previous quarter. June set a financial-year high of 5 229 t milled.

Gold production totalled 720 oz in the quarter, of which 646 oz was poured. Full-year production reached 3 628 oz, including 2 647 oz poured.

Underground mine development reached a record 554 m in the quarter, 180% higher than the metres reached in the previous quarter, while 1 052 m of galleries was rehabilitated.

Diamond drilling totalled 11 059 m and extraction from the first longhole stope started.

The average processed grade for the 2026 financial year was 4.18 g/t gold. The fourth-quarter grade of 2.1 g/t reflected the processing of lower-grade development zones during the ramp-up phase.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Abcourt Mines, tel +1 819 768 2857 or email info@abcourt.com.