@WallbridgeWM Outlines 4‑Year Plan to Advance Fenelon Gold Project in Quebec - Wallbridge Mining controls 3.5 million ounces at Fenelon (half indicated, half inferred) and 750,000 ounces at Martiniere in Quebec's Abitibi region, representing substantial resource scale in a premier mining jurisdiction - March 2025 PEA for Fenelon demonstrates $1.4 billion NPV, 34% IRR, and 2.4-year payback at $3,000 gold, with 107,000 ounces annual production over 15-year mine life (127,000 ounces/year in first five years) - Management requires $50-60 million for pre-feasibility study with focus on right-sized 3,000 ton-per-day operation, targeting four-year timeline to construction readiness including permitting and Indigenous agreements - Metallurgical testing results expected to confirm recovery assumptions and dry-stack tailings viability; Martiniere drilling program targeting 2km strike length with results providing exploration upside throughout 2026 - Current $100 million market capitalisation creates potential re-rating opportunity as company advances through de-risking milestones toward pre-feasibility and feasibility studies cruxinvestor.com/posts/wallbrid…
