Insights on the Falco Horne 5 Mining Project's BAPE Report

Understanding the BAPE Report on the Falco Horne 5 Mining Project

Falco Resources Ltd. (TSX.V: FPC) is welcoming a significant report from the Bureau d'audiences publiques sur l'environnement (BAPE) focused on the Horne 5 mining project. This crucial commission has reviewed the project from a sustainable development lens, highlighting components that require careful examination and commitment as the government considers authorizations. This extensive analysis has revealed that over 90% of the commission's opinions regarding the project have been considered and acted upon so far.

Update on Studies and Analysis

Moreover, the commission indicated that more than half of its opinions suggested the need for updates to existing studies, which Falco has integrated into its planning process. These improvements will be submitted to government entities promptly as part of the regulatory framework that guides development in Quebec.

Key Findings from the Report

The insights captured in the BAPE report include:

• It emphasizes the current socio-community and health context of Rouyn-Noranda.
• The methodology used to produce predictive models is not only appropriate but aligns with industry best practices, assuring adequate estimates of seismic potential.
• The project is poised to align with the Plan québécois pour la valorisation des minéraux critiques et stratégiques 2020-2025, contributing moderately to Quebec's energy transition and decarbonization initiatives.
• Potential economic stimulation for the regional and provincial mining sectors is acknowledged, alongside anticipated innovations that may elevate the operations of local and Quebec-based companies.

Community Collaboration and Health Focus

At the forefront of the commission's opinions lies an unwavering commitment to the precautionary principle. Falco supports this approach, which opens avenues to enhance project outcomes through collaborative efforts with local stakeholders, communities, and relevant authorities. It is noteworthy that many recommendations extend to various partners, including the Quebec government and the City of Rouyn-Noranda, fostering a collective growth mindset in mining sustainability.

Health and Safety Considerations

Falco underscores its commitment to health and safety in Rouyn-Noranda by establishing an expert committee in January to determine suitable parameters for the project's coexistence with the Radio-Oncology Center of the Centre intégré de santé et de services sociaux de l'Abitibi-Témiscamingue. Community engagement initiatives are ongoing, and consultation forums aim to involve citizens in solution-finding processes.

Statements from Company Leadership

Hélène Cartier, Vice-President of Environment, Sustainable Development and Community Relations, reiterated the company's commitment to integrating the commission's findings into project planning. Luc Lessard, President and CEO, expressed that BAPE's insights will guide the upcoming phases of the project, further aligning with public expectations. He stated the importance of examining the report meticulously to ensure ongoing community benefit and ecological responsibility.

About Falco Resources Ltd.

Falco Resources is a prominent mineral claim holder in Quebec, with a vast portfolio in the Abitibi-Témiscamingue greenstone belt. The company possesses rights to roughly 67,000 hectares in the Noranda Mining Camp—the majority of the area, inclusive of 13 historic mining sites. The Horne 5 project, which lies beneath the former Horne mine, has a rich history of mineral extraction, significantly contributing to the region's development.

Frequently Asked Questions

What is the significance of the BAPE report for the Falco Horne 5 project?

The BAPE report outlines key recommendations and expectations related to the project's sustainable development, ensuring community and environmental standards are upheld.

How does the BAPE report impact local communities?

The report emphasizes collaboration with community stakeholders, ensuring that local perspectives are integrated into project planning.

What role does health and safety play in the Horne 5 project?

Health and safety are prioritized, with expert committees established to evaluate the impacts of the project on local healthcare facilities.

When is the anticipated start-up of the Horne 5 project?

The project is anticipated to start up around 2030, allowing ample time for regulatory compliance and community engagement.

What are Falco Resources' main assets?

Falco Resources holds a significant land portfolio, including the Horne 5 project, which boasts a rich mining history and potential for future mineral production.

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