# 03:00 ET Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential Power Metallic Mines Inc. \(the "Company" or "Power Metallic"\) \(TSXV: PNPN\) \(OTCBB: PNPNF\) \(Frankfurt: IVV1\) is pleased to announce an updated Mineral ... Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2 Original source: https://www.newswire.ca/news-releases/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-with-gt-85-indicated-and-significant-expansion-potential-898624878.html Publisher: cnw Original announcement: 2026-09-08T07:30:36.685Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Power Metallic Mines Inc. - Ticker: PNPN - Exchange: Unavailable - Region: Eeyou Istchee James Bay territory of Québec - Primary commodity: Copper - Secondary commodities: Nickel, Cobalt, Platinum, Palladium, Gold, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-08 07:34:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Power Metallic Mines Inc. announced a maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, defining a high-grade polymetallic deposit averaging ~3.9% CuEq with over 85% classified as Indicated. The resource contains approximately 406 million pounds of contained CuEq and remains open for expansion. Locked-cycle metallurgical tests returned high copper recoveries \(over 98%\) and good recoveries for other metals, with the company planning a Preliminary Economic Assessment. Reasoning: The announcement presents a high-grade maiden resource for the Lion Zone with excellent indicated confidence and strong metallurgical results for key commodities, indicating a de-risked and promising project, despite the contained metal not being exceptionally large. The critical minerals status and existing infrastructure further enhance its appeal. - Positive factor: Maiden resource for Lion Zone - Positive factor: High CuEq grade \(3.9%\) - Positive factor: High indicated confidence \(>85% Indicated for Lion\) - Positive factor: Exceptional copper recoveries \(>98%\) - Positive factor: Strong PGM recoveries - Positive factor: Robust locked-cycle metallurgical testwork - Positive factor: Multi-domain testing for metallurgy - Positive factor: Critical minerals status for key commodities - Positive factor: Existing infrastructure proximity - Positive factor: Resource remains open for expansion - Negative factor: Contained metal tonnage is not exceptionally large scale Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 118 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document announces the 'inaugural mineral resource for the Lion Zone'. Evidence · text > inaugural mineral resource for the Lion Zone **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Lion resource is classified with '>85% of the initial Lion resource is classified as Indicated'. Evidence · text > Over 85% of the initial Lion resource is classified as Indicated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is stated as the independent Qualified Person responsible for the MRE. Evidence · text > Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is the independent Qualified Person responsible for the MRE, as defined by NI 43-101 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared by SGS Canada Inc. 'in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects'. Evidence · text > The MRE was prepared by SGS Canada Inc. \("SGS"\) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Locked-cycle testing returned 'copper recoveries above 98%' and 'high recoveries also reported for gold, palladium, platinum and silver'. Evidence · text > copper recoveries above 98% across all composite samples tested, producing concentrates grading over 25% Cu, with high recoveries also reported for gold, palladium, platinum and silver **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: The metallurgical test work included 'Locked-cycle testing completed by SGS Canada'. Evidence · text > Locked-cycle testing completed by SGS Canada **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Two locked-cycle flotation tests were completed: 'LCT1, on a blended composite of high-grade and low-grade material' and 'LG2, on a low-grade composite of disseminated mineralization'. Evidence · text > Two locked-cycle flotation tests have been completed: LCT1, on a blended composite of high-grade and low-grade material representative of run-of-mine feed, and LG2, on a low-grade composite of disseminated mineralization **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement includes 'an updated Mineral Resource Estimate \("MRE"\) for its Nisk Project ... including the inaugural mineral resource for the Lion Zone and an updated mineral resource for the Nisk Main deposit'. Evidence · text > updated Mineral Resource Estimate \("MRE"\) for its Nisk Project ... including the inaugural mineral resource for the Lion Zone and an updated mineral resource for the Nisk Main deposit **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The MRE 'forms the basis for a Preliminary Economic Assessment \(PEA\)' and the company is 'assessing proposals from engineering firms to complete a Preliminary Economic Assessment'. Evidence · text > The MRE forms the basis for a Preliminary Economic Assessment \(PEA\). The PEA will evaluate an initial open pit followed by underground mining at Lion **Critical Minerals** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document states that 'Copper, platinum, palladium, nickel and cobalt are each included on the critical minerals lists of Québec, Canada, the United States and the European Union'. Evidence · text > Copper, platinum, palladium, nickel and cobalt are each included on the critical minerals lists of Québec, Canada, the United States and the European Union **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 118. Some facts used in scoring do not have a stored record. ## Resource Estimates (112) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-0) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 5.01 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 0.08 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-1) Lion · copper #### Identity - Project: Lion - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 1.47 - Grade Unit: % - Contained Metal: 90.04 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated copper resource contributes significantly to the overall high-grade CuEq maiden resource for the Lion Zone, with a good grade for open-pit potential. - Positive factor: Good copper grade for an open pit resource - Positive factor: Significant contained copper metal - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 1.47 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-2) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.004 - Grade Unit: % - Contained Metal: 0.22 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The cobalt grade and contained metal are very low, making it a minor byproduct in the indicated open pit resource for Lion. - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Very low cobalt grade - Negative factor: Low contained cobalt metal Evidence · table > 0.004 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-3) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 76000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated platinum resource contributes positively to the overall value of the maiden Lion resource, with a good grade and contained ounces. - Positive factor: Good platinum grade for a polymetallic deposit - Positive factor: Significant contained platinum ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 0.84 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-4) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 2.35 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated palladium resource is a strong contributor to the overall high-grade polymetallic maiden resource for Lion, with a good grade and contained ounces. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: Significant contained palladium ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 2.35 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-5) Lion · gold #### Identity - Project: Lion - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 37000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated gold resource is a positive component of the maiden Lion resource, though the grade is moderate compared to high-grade gold deposits. - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Moderate gold grade Evidence · table > 0.42 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-6) Lion · silver #### Identity - Project: Lion - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 11.65 - Grade Unit: g/t - Contained Metal: 1042000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated silver resource adds value to the maiden Lion resource, with a good amount of contained silver, though the grade is moderate. - Positive factor: Good contained silver ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate silver grade Evidence · table > 11.65 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-7) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.07 - Grade Unit: % - Contained Metal: 0.16 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.07 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-8) Lion · copper #### Identity - Project: Lion - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.09 - Grade Unit: % - Contained Metal: 2.41 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred copper resource is a positive component of the maiden Lion resource with a good grade, but its lower confidence and limited contained metal reduce its immediate impact. - Positive factor: Good copper grade for an open pit resource - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Low contained copper metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.09 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-9) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.004 - Grade Unit: % - Contained Metal: 0.01 - Contained Unit: Mlb - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred cobalt resource is a negligible component of the maiden Lion resource due to its very low grade, contained metal, and inferred classification. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low cobalt grade - Negative factor: Low contained cobalt metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.004 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-10) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred platinum resource is a moderate component of the maiden Lion resource, but its lower confidence and limited contained ounces reduce its immediate impact. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate platinum grade - Negative factor: Low contained platinum ounces - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.43 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-11) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 4000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred palladium resource is a positive component of the maiden Lion resource with a good grade, but its lower confidence and limited contained ounces reduce its immediate impact. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Low contained palladium ounces - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.31 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-12) Lion · gold #### Identity - Project: Lion - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred gold resource is a moderate component of the maiden Lion resource, but its lower confidence and limited contained ounces reduce its immediate impact. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate gold grade - Negative factor: Low contained gold ounces - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.31 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-13) Lion · silver #### Identity - Project: Lion - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 9.63 - Grade Unit: g/t - Contained Metal: 31000 - Contained Unit: oz - Cutoff Grade: 0.35 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred silver resource is a moderate component of the maiden Lion resource, but its lower confidence and limited contained ounces reduce its immediate impact. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate silver grade - Negative factor: Low contained silver ounces - Negative factor: Inferred category indicates lower confidence Evidence · table > 9.63 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-14) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.13 - Grade Unit: % - Contained Metal: 3.98 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated nickel resource is a minor component of the maiden Lion resource, with a low grade for underground mining, but benefits from high confidence. - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade for underground mining Evidence · table > 0.13 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-15) Lion · copper #### Identity - Project: Lion - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 2.1 - Grade Unit: % - Contained Metal: 63.03 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated copper resource is a strong contributor to the overall high-grade polymetallic maiden resource for Lion, with a good grade for underground potential. - Positive factor: Good copper grade for an underground resource - Positive factor: Significant contained copper metal - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 2.10 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-16) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.007 - Grade Unit: % - Contained Metal: 0.21 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The cobalt grade is very low, making it a minor byproduct in the indicated underground resource for Lion, despite the high confidence. - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Very low cobalt grade Evidence · table > 0.007 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-17) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 38000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated platinum resource contributes positively to the overall value of the maiden Lion resource, with a good grade and contained ounces, and high confidence. - Positive factor: Good platinum grade for a polymetallic deposit - Positive factor: Significant contained platinum ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 0.87 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-18) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 3.15 - Grade Unit: g/t - Contained Metal: 138000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated palladium resource is a strong contributor to the overall high-grade polymetallic maiden resource for Lion, with a good grade and contained ounces, and high confidence. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: Significant contained palladium ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 3.15 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-19) Lion · gold #### Identity - Project: Lion - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 27000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated gold resource is a positive component of the maiden Lion resource, with a good grade and high confidence. - Positive factor: Good gold grade for a polymetallic deposit - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 0.62 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-20) Lion · silver #### Identity - Project: Lion - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 13.35 - Grade Unit: g/t - Contained Metal: 585000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated silver resource adds value to the maiden Lion resource, with a good amount of contained silver and high confidence. - Positive factor: Good contained silver ounces - Positive factor: High indicated confidence - Positive factor: Part of a maiden resource for the Lion Zone Evidence · table > 13.35 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-21) Lion · nickel #### Identity - Project: Lion - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.14 - Grade Unit: % - Contained Metal: 1.51 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with a low grade and lower confidence due to its inferred classification. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Low nickel grade for underground mining - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.14 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-22) Lion · copper #### Identity - Project: Lion - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 1.99 - Grade Unit: % - Contained Metal: 22.02 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred copper resource is a positive component of the maiden Lion resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good copper grade for an underground resource - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.99 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-23) Lion · cobalt #### Identity - Project: Lion - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.007 - Grade Unit: % - Contained Metal: 0.08 - Contained Unit: Mlb - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred cobalt resource is a negligible component of the maiden Lion resource due to its very low grade and inferred classification. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low cobalt grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.007 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-24) Lion · platinum #### Identity - Project: Lion - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred platinum resource is a positive component of the maiden Lion resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good platinum grade for a polymetallic deposit - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.62 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-25) Lion · palladium #### Identity - Project: Lion - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 3.17 - Grade Unit: g/t - Contained Metal: 51000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred palladium resource is a strong contributor to the maiden Lion resource with a good grade and contained ounces, but its lower confidence reduces its immediate impact. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: Significant contained palladium ounces - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Inferred category indicates lower confidence Evidence · table > 3.17 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-26) Lion · gold #### Identity - Project: Lion - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 7000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred gold resource is a moderate component of the maiden Lion resource, but its lower confidence reduces its immediate impact. - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate gold grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.43 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-27) Lion · silver #### Identity - Project: Lion - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 13.04 - Grade Unit: g/t - Contained Metal: 210000 - Contained Unit: oz - Cutoff Grade: 0.9 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred silver resource is a positive component of the maiden Lion resource with good contained ounces, but its lower confidence reduces its immediate impact. - Positive factor: Good contained silver ounces - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Moderate silver grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 13.04 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-28) Nisk Main · nickel #### Identity - Project: Nisk Main - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.6 - Grade Unit: % - Contained Metal: 7.99 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated nickel resource is a positive component of the updated Nisk Main resource, with a good grade for open-pit potential and high confidence. - Positive factor: Good nickel grade for an open pit resource - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.60 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-29) Nisk Main · copper #### Identity - Project: Nisk Main - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 4.66 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated copper resource is a positive component of the updated Nisk Main resource, with a good grade for open-pit potential and high confidence. - Positive factor: Good copper grade for an open pit resource - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.35 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-30) Nisk Main · cobalt #### Identity - Project: Nisk Main - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.039 - Grade Unit: % - Contained Metal: 0.53 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated cobalt resource is a moderate component of the updated Nisk Main resource, with high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Moderate cobalt grade Evidence · table > 0.039 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-31) Nisk Main · platinum #### Identity - Project: Nisk Main - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.08 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated platinum resource is a minor component of the updated Nisk Main resource due to its low grade, despite high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Low platinum grade Evidence · table > 0.08 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-32) Nisk Main · palladium #### Identity - Project: Nisk Main - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated palladium resource is a moderate component of the updated Nisk Main resource, with high confidence. - Positive factor: Moderate palladium grade - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.49 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-33) Nisk Main · gold #### Identity - Project: Nisk Main - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated gold resource is a negligible component of the updated Nisk Main resource due to its very low grade, despite high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Very low gold grade Evidence · table > 0.03 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-34) Nisk Main · silver #### Identity - Project: Nisk Main - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 2.19 - Grade Unit: g/t - Contained Metal: 43000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated silver resource is a minor component of the updated Nisk Main resource due to its low grade, despite high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Low silver grade Evidence · table > 2.19 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-35) Nisk Main · nickel #### Identity - Project: Nisk Main - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.54 - Grade Unit: % - Contained Metal: 2.5 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a positive component of the updated Nisk Main resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good nickel grade for an open pit resource - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.54 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-36) Nisk Main · copper #### Identity - Project: Nisk Main - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.22 - Grade Unit: % - Contained Metal: 1.03 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred copper resource is a minor component of the updated Nisk Main resource due to its low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Low copper grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.22 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-37) Nisk Main · cobalt #### Identity - Project: Nisk Main - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.035 - Grade Unit: % - Contained Metal: 0.16 - Contained Unit: Mlb - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred cobalt resource is a moderate component of the updated Nisk Main resource, but its lower confidence reduces its immediate impact. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Moderate cobalt grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.035 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-38) Nisk Main · platinum #### Identity - Project: Nisk Main - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.07 - Grade Unit: g/t - Contained Metal: 500 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred platinum resource is a negligible component of the updated Nisk Main resource due to its very low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Very low platinum grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.07 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-39) Nisk Main · palladium #### Identity - Project: Nisk Main - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.48 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred palladium resource is a moderate component of the updated Nisk Main resource, but its lower confidence reduces its immediate impact. - Positive factor: Moderate palladium grade - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.48 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-40) Nisk Main · gold #### Identity - Project: Nisk Main - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 200 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred gold resource is a negligible component of the updated Nisk Main resource due to its very low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Very low gold grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.03 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-41) Nisk Main · silver #### Identity - Project: Nisk Main - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 2.04 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.3 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred silver resource is a minor component of the updated Nisk Main resource due to its low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Low silver grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 2.04 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-42) Nisk Main · nickel #### Identity - Project: Nisk Main - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.96 - Grade Unit: % - Contained Metal: 44.44 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated nickel resource is a strong contributor to the updated Nisk Main resource, with a good grade for underground potential and high confidence. - Positive factor: Good nickel grade for an underground resource - Positive factor: Significant contained nickel metal - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.96 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-43) Nisk Main · copper #### Identity - Project: Nisk Main - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 24.52 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated copper resource is a positive component of the updated Nisk Main resource, with a good grade for underground potential and high confidence. - Positive factor: Good copper grade for an underground resource - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.53 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-44) Nisk Main · cobalt #### Identity - Project: Nisk Main - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.061 - Grade Unit: % - Contained Metal: 2.83 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated cobalt resource is a positive component of the updated Nisk Main resource, with a good grade and high confidence. - Positive factor: Good cobalt grade for a polymetallic deposit - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.061 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-45) Nisk Main · platinum #### Identity - Project: Nisk Main - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated platinum resource is a moderate component of the updated Nisk Main resource, with high confidence. - Positive factor: Moderate platinum grade - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.21 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-46) Nisk Main · palladium #### Identity - Project: Nisk Main - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated palladium resource is a positive component of the updated Nisk Main resource, with a good grade and high confidence. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: High indicated confidence - Positive factor: Part of an updated resource for Nisk Main Evidence · table > 0.91 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-47) Nisk Main · gold #### Identity - Project: Nisk Main - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 0.04 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated gold resource is a negligible component of the updated Nisk Main resource due to its very low grade, despite high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Very low gold grade Evidence · table > 0.04 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-48) Nisk Main · silver #### Identity - Project: Nisk Main - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 135000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This indicated silver resource is a minor component of the updated Nisk Main resource due to its low grade, despite high confidence. - Positive factor: Part of an updated resource for Nisk Main - Positive factor: High indicated confidence - Negative factor: Low silver grade Evidence · table > 2.00 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-49) Nisk Main · nickel #### Identity - Project: Nisk Main - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.98 - Grade Unit: % - Contained Metal: 39.17 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a positive component of the updated Nisk Main resource with a good grade and contained metal, but its lower confidence reduces its immediate impact. - Positive factor: Good nickel grade for an underground resource - Positive factor: Significant contained nickel metal - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.98 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-50) Nisk Main · copper #### Identity - Project: Nisk Main - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.57 - Grade Unit: % - Contained Metal: 22.53 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred copper resource is a positive component of the updated Nisk Main resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good copper grade for an underground resource - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.57 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-51) Nisk Main · cobalt #### Identity - Project: Nisk Main - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.063 - Grade Unit: % - Contained Metal: 2.5 - Contained Unit: Mlb - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred cobalt resource is a positive component of the updated Nisk Main resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good cobalt grade for a polymetallic deposit - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.063 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-52) Nisk Main · platinum #### Identity - Project: Nisk Main - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 15000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred platinum resource is a positive component of the updated Nisk Main resource with a good grade, but its lower confidence reduces its immediate impact. - Positive factor: Good platinum grade for a polymetallic deposit - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.26 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-53) Nisk Main · palladium #### Identity - Project: Nisk Main - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 1.05 - Grade Unit: g/t - Contained Metal: 61000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred palladium resource is a positive component of the updated Nisk Main resource with a good grade and contained ounces, but its lower confidence reduces its immediate impact. - Positive factor: Good palladium grade for a polymetallic deposit - Positive factor: Significant contained palladium ounces - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.05 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-54) Nisk Main · gold #### Identity - Project: Nisk Main - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 0.03 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred gold resource is a negligible component of the updated Nisk Main resource due to its very low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Very low gold grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.03 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-55) Nisk Main · silver #### Identity - Project: Nisk Main - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 1.57 - Grade Unit: g/t - Contained Metal: 91000 - Contained Unit: oz - Cutoff Grade: 0.8 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred silver resource is a minor component of the updated Nisk Main resource due to its low grade and lower confidence. - Positive factor: Part of an updated resource for Nisk Main - Negative factor: Low silver grade - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.57 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-62) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 5.01 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 5.01 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-63) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 90.04 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 90.04 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-64) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 0.22 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 0.22 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-65) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 76000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 76,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-66) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 210000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 210,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-67) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 37000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 37,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-68) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2782000 - Grade: 1042000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 1,042,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-69) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.16 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.16 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-70) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 2.41 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 2.41 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-71) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 0.01 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.01 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-72) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-73) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 4000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 4,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-74) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 1000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-75) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 100000 - Grade: 31000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 31,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-76) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 3.98 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 3.98 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-77) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 63.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 63.03 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-78) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 0.21 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 0.21 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-79) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 38000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 38,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-80) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 138000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 138,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-81) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 27000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 27,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-82) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 1363000 - Grade: 585000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 585,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-83) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 1.51 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.51 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-84) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 22.02 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 22.02 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-85) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 0.08 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.08 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-86) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 10000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 10,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-87) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 51000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 51,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-88) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 7000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 7,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-89) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 501000 - Grade: 210000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 210,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-90) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 7.99 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 7.99 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-91) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 4.66 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 4.66 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-92) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 0.53 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 0.53 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-93) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 2000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 2,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-94) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 10000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 10,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-95) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 1000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 1,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-96) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 607000 - Grade: 43000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 43,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-97) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 2.5 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 2.50 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-98) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 1.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 1.03 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-99) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 0.16 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 0.16 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-100) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 500 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 500 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-101) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 3000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 3,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-102) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 200 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 200 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-103) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 210000 - Grade: 14000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 14,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-104) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 44.44 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 44.44 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-105) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 24.52 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 24.52 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-106) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 2.83 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 2.83 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-107) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 14000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 14,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-108) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 61000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 61,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-109) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 3000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 3,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-110) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: indicated - Tonnes: 2096000 - Grade: 135000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This nickel component is part of the maiden Lion resource, but the grade and contained metal are low, indicating it's a minor contributor to the overall polymetallic value. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Positive factor: High indicated confidence - Negative factor: Low nickel grade - Negative factor: Low contained nickel metal Evidence · table > 135,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-111) nickel #### Identity - Commodity: nickel - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 39.17 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 39.17 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-112) copper #### Identity - Commodity: copper - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 22.53 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 22.53 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-113) cobalt #### Identity - Commodity: cobalt - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 2.5 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 2.50 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-114) platinum #### Identity - Commodity: platinum - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 15000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 15,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-115) palladium #### Identity - Commodity: palladium - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 61000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 61,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-116) gold #### Identity - Commodity: gold - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 2000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 2,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-resource-facts-117) silver #### Identity - Commodity: silver - Ticker: PNPN #### Resource Data - Category: inferred - Tonnes: 1806000 - Grade: 91000 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This inferred nickel resource is a minor component of the maiden Lion resource, with very low grade and contained metal, and lower confidence due to its inferred classification. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Part of a maiden resource for the Lion Zone - Negative factor: Very low nickel grade - Negative factor: Low contained nickel metal - Negative factor: Inferred category indicates lower confidence Evidence · table > 91,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## Metallurgical Results (6) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-56) Lion Zone · copper #### Identity - Project: Lion Zone - Commodity: copper - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 98.3 % - Recovery Basis: actual\_test - Head Grade: 0.62 - Head Grade Unit: % - Conc. Grade: 25.4 - Conc. Grade Unit: % #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The exceptional copper recovery from low-grade material in locked-cycle flotation tests is highly positive, confirming the amenability of a broader range of ore to processing. - Positive factor: Exceptional copper recovery for flotation - Positive factor: High concentrate grade - Positive factor: Locked-cycle test indicates robust results - Positive factor: Demonstrates amenability of lower-grade material - Positive factor: Part of maiden metallurgy for Lion Zone Evidence · table > 98.3 Context: 0.62 % #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 98.3% is at or above the exceptional band \(92%\) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-57) Lion Zone · nickel #### Identity - Project: Lion Zone - Commodity: nickel - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 47.7 % - Recovery Basis: actual\_test - Head Grade: 0.04 - Head Grade Unit: % - Conc. Grade: 0.78 - Conc. Grade Unit: % #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The nickel recovery from low-grade material is very low, indicating significant challenges in recovering nickel from this ore type, despite the robust test method. - Positive factor: Locked-cycle test indicates robust results - Positive factor: Part of maiden metallurgy for Lion Zone - Negative factor: Low nickel recovery for flotation - Negative factor: Very low head grade Evidence · table > 47.7 Context: 0.04 % #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 47.7% is below the weak band \(75%\) ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-58) Lion Zone · palladium #### Identity - Project: Lion Zone - Commodity: palladium - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 89.1 % - Recovery Basis: actual\_test - Head Grade: 0.97 - Head Grade Unit: g/t - Conc. Grade: 38.9 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The strong palladium recovery from low-grade material in locked-cycle flotation tests is positive, confirming the amenability of a broader range of ore to processing for this valuable PGM. - Positive factor: Strong palladium recovery for flotation - Positive factor: High concentrate grade - Positive factor: Locked-cycle test indicates robust results - Positive factor: Demonstrates amenability of lower-grade material - Positive factor: Part of maiden metallurgy for Lion Zone Evidence · table > 89.1 Context: 0.97 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-59) Lion Zone · platinum #### Identity - Project: Lion Zone - Commodity: platinum - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 84.1 % - Recovery Basis: actual\_test - Head Grade: 0.22 - Head Grade Unit: g/t - Conc. Grade: 7.9 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The moderate platinum recovery from low-grade material in locked-cycle flotation tests is positive, confirming the amenability of a broader range of ore to processing for this PGM. - Positive factor: Moderate platinum recovery for flotation - Positive factor: Good concentrate grade - Positive factor: Locked-cycle test indicates robust results - Positive factor: Demonstrates amenability of lower-grade material - Positive factor: Part of maiden metallurgy for Lion Zone Evidence · table > 84.1 Context: 0.22 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-60) Lion Zone · gold #### Identity - Project: Lion Zone - Commodity: gold - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 83.1 % - Recovery Basis: actual\_test - Head Grade: 0.37 - Head Grade Unit: g/t - Conc. Grade: 12.7 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The moderate gold recovery from low-grade material in locked-cycle flotation tests is positive, confirming the amenability of a broader range of ore to processing for gold. - Positive factor: Moderate gold recovery for flotation - Positive factor: Good concentrate grade - Positive factor: Locked-cycle test indicates robust results - Positive factor: Demonstrates amenability of lower-grade material - Positive factor: Part of maiden metallurgy for Lion Zone Evidence · table > 83.1 Context: 0.37 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked-cycle flotation [Link to this fact](https://atlas-staging.minestarters.com/news/03-00-et-power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9--1f594670-acf8-4e7e-b12e-1d4e205cfce2#fact-metallurgical-facts-61) Lion Zone · silver #### Identity - Project: Lion Zone - Commodity: silver - Ticker: PNPN #### Test Work - Program Status: detailed - Test Type: locked-cycle flotation - Processing Route: flotation - Sample: LG2 low-grade composite #### Recovery - Recovery: 75.9 % - Recovery Basis: actual\_test - Head Grade: 6.26 - Head Grade Unit: g/t - Conc. Grade: 271 - Conc. Grade Unit: g/t #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The moderate silver recovery from low-grade material in locked-cycle flotation tests is positive, confirming the amenability of a broader range of ore to processing for silver. - Positive factor: Moderate silver recovery for flotation - Positive factor: High concentrate grade - Positive factor: Locked-cycle test indicates robust results - Positive factor: Demonstrates amenability of lower-grade material - Positive factor: Part of maiden metallurgy for Lion Zone Evidence · table > 75.9 Context: 6.26 g/t #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.