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Alamos Gold Inc.

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Summary

Project:

Agi Dagi

Deposit:Agi Dagi
Location:Turkey
Commodities:Gold-Silver
Date:2/22/2017
Report Code:NI43-101
Report Type:Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:22-2-2017: Alamos Gold Inc. announces a Feasibility Study report for its Agi Dagi deposit at the Agi Dagi project. Feasibility Study, PEA, Updated Mineral Resource and Initial Ore Reserve. JDS Energy & Mining Inc. (JDS) was appointed by Alamos Gold Inc. (
Resources:(Reserve, P+P): 54.361Mt @ 0.67g/t Au, 5.4g/t Ag for 1.166Moz Au, 9.459Moz Ag contained at project
CP/QP:[Resources]: Marc Jutras (Ginto Consulting Inc.)
ABSTRACT:JDS Energy & Mining Inc. (JDS) was appointed by Alamos Gold Inc. (Alamos or Alamos Gold) to act as project manager in the compilation of a National Instrument 43-101 Feasibility Study (FS) and Technical Report for the Ağı Dağı Project (Ağı Dağı or Project), incorporating a Preliminary Economic Assessment (PEA) for the Çamyurt Project, both advanced exploration gold projects owned by Alamos. The Ağı Dağı Project is a stand-alone mining Project acquired by Alamos Gold Inc. (Alamos) in January 2010 from Teck Resources and Fronteer Development Group, which had held the property in a 60/40 joint venture. The Ağı Dağı Project footprint is located on a concession belonging to Kuzey Biga Madencilik (Turkish subsidiary of Alamos Gold) consisting of 6,320.20 hectares. The Ağı Dağı deposit is an epithermal, high-sulphidation, disseminated gold system. Five main zones of gold mineralization are present at Ağı Dağı. The Ağı Dağı Mineral Resource estimate was developed using 3 m capped composited assays, and a geology model developed from first principals. The Mineral Reserve final pits are sub-divided into six mining phases (four in the main pit plus the two satellite pits) to develop the mine production schedule. The Project is economically viable with an after-tax internal rate of return (IRR) of 38.7% and an after-tax net present value at 8% (NPV8%) of $294.2 M.

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