AMEX Gold Mining (AMX) Corporate presentation summary

Investment highlights

• Two-pronged value creation: near-term production execution and district-scale exploration upside.

• High-grade reserves: 774 koz at 12.10 g/t with low AISC of US $910/oz.

• Large land package: 570.94 km² with over 70 km strike exposure for future discoveries.

• Strong economics: C$1.976B pre-tax NPV5, rapid payback, and robust IRR at various gold prices.

• Strategic shareholder alignment and experienced management team.

Project development and execution

• Staged development: bulk sample (2026-2027), Phase I high-grade toll-milling (2028-2033), Phase 2 on-site mill expansion (2033+).

• Bulk sample provides underground access, operating data, and infrastructure, de-risking Phase I.

• Phase I targets 147 koz/year average production at 12.0 g/t feed grade.

• Initial capital requirement of C$125.8M after pre-production revenue.

• Ongoing exploration with 100,000 m drill program to expand resources.

Asset quality and metallurgical performance

• Champagne Zone: 831 koz M&I at 16.20 g/t, supporting high-margin production.

• Metallurgical tests show >97.5% gold recovery via simple flowsheet; >99% in some composites.

• Ore is easily processable at regional mills, enhancing production flexibility.

• High grade enables short payback and capital-efficient toll-milling strategy.