Amex Exploration – Phase 1 Feasibility Study, Bulk Sample, Visual Project Overview, & Exploration
The KE Report Apr 15, 2026
Summary
Phase 1 Feasibility Study outlines robust economics with a post-tax NPV5 of CAD$1.13 billion, 114.6% IRR, and low AISC of USD$910/oz, signaling strong potential profitability for investors.
Management is executing a de-risked strategy by initiating a trial-mining bulk sample in mid-2027, which will generate non-dilutive capital and accelerate the timeline to first revenue in 2028.
The company is aggressively expanding its resource base with a 100,000-meter drill campaign and strategic land acquisitions, aiming to substantially extend the mine life beyond the initial 5-year Phase 1.