Falco Horne 5: BAPE Report Paves Way for Sustainable Mining

The Bureau d'audiences publiques sur l'environnement (BAPE) recently released its report on the Falco Horne 5 mining project, paving the way for sustainable development and community engagement. Falco Resources Ltd. (TSX.V: FPC) welcomes the report, which highlights the project's potential to contribute to Quebec's energy transition and stimulate the regional mining industry.



The BAPE report emphasizes the importance of applying the precautionary principle, encouraging Falco to further improve the project in collaboration with stakeholders, local communities, and relevant authorities. The company has already planned to update existing studies and conduct additional analyses to address the commission's recommendations. Falco is committed to integrating these updates into its project planning and submitting them to government authorities as part of the Quebec regulatory process.



Falco's Horne 5 project is expected to produce significant amounts of gold, silver, copper, and zinc over its 15-year life. The project's feasibility study, updated in 2021, estimates a net payable value of $1,279 million at a 5% discount rate and an internal rate of return of 23.0% before taxes and mining duties. The project is also expected to generate low average all-in sustaining costs of $587 per ounce and a total unit operating cost of $43.11 per tonne processed.

The BAPE report acknowledges the project's potential to stimulate the regional and provincial mining industry, as well as its contribution to Quebec's Plan québécois pour la valorisation des minéraux critiques et stratégiques 2020-2025. Falco can maximize these benefits by pursuing strategic partnerships and collaborations with regional and provincial mining companies, research institutions, and technology providers. These collaborations can help foster innovation and contribute to the evolution of the mining industry in a more sustainable development perspective.

Falco is committed to engaging with local communities and stakeholders to address their concerns and ensure the project's long-term success and sustainability. The company has already set up a committee of experts to determine acceptable parameters and operating conditions for the project's cohabitation with the Radio-Oncology Center of the Centre intégré de santé et de services sociaux de l'Abitibi-Témiscamingue (CISSSAT). Additionally, Falco is establishing discussion groups to actively involve the community in finding appropriate solutions and working with the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP) to complete the environmental analysis and obtain the decree.

In conclusion, the BAPE report's findings and recommendations provide a solid foundation for Falco's Horne 5 project to move forward, with a focus on sustainable development, community engagement, and collaboration. By addressing the commission's concerns and pursuing strategic partnerships, Falco can ensure the project's long-term success and contribute to Quebec's energy transition and mining industry growth.