ABR: Mineral Resource for Vail Road Gold Deposit
Original announcement by asx on
- Company
- Albright Metals Limited
- Ticker
- ABR
- Exchange
- ASX
- Region
- New Brunswick, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Resource update
- Extracted
- 2026-09-29 16:19:54 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Albright Metals Limited announced an updated Mineral Resource for its Vail Road Gold Deposit, converting a previous foreign estimate to a JORC 2012 compliant resource. The global resource now stands at 188.0 kt at 9.0 g/t gold for 54,200 contained ounces, including an initial Indicated portion of 33.5 kt at 20.9 g/t gold. While the update includes a higher confidence category, the overall tonnage, grade, and contained metal have decreased compared to the prior 2011 estimate, partly due to a lower cut-off grade.
Reasoning: The resource update establishes a JORC-compliant estimate with an Indicated component, which is a positive step for project de-risking and future studies. However, the overall contained metal, tonnage, and grade have decreased compared to the prior estimate, and the lower cut-off grade suggests some dilutive growth. The high grade of the Indicated portion is a key positive, but the small overall scale and high Inferred component temper the enthusiasm.
Positive factors
- Initial Indicated Resource established, improving confidence from previous 100% Inferred estimate.
- High-grade nature of the Indicated portion (20.9 g/t Au) is very positive for potential underground mining.
- JORC 2012 compliant estimate, enhancing credibility and comparability.
- QP/CP sign-off by experienced professionals.
- Metallurgical testwork indicates gold is free-milling and not refractory, amenable to conventional processing.
Negative factors
- Overall tonnage, grade, and contained metal have decreased significantly compared to the prior 2011 estimate.
- Lowering the cut-off grade from 5 g/t Au to 2 g/t Au contributes to the tonnage and contained metal decline, indicating dilutive growth.
- The majority of the resource remains in the Inferred category (82.2%), limiting engineering confidence.
- The global contained metal (54.2 koz) is relatively small, falling into the 'weak' category by rubric standards.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 33
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource converts the Foreign Resource Estimate previously announced for the project to one reported under the JORC 2012 code.
Evidence · text
“The Mineral Resource converts the Foreign Resource Estimate previously announced for the project,1 to one reported under the JORC 2012 code.”
QP/CP Signedpositive
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: The Mineral Resources information is based on and fairly represents information compiled by Mr Lauritz Barnes and Ms Gemma Lee, who are members of AusIMM and AIG respectively.
Evidence · text
“The information in this announcement that relates to Mineral Resources is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier) and Ms Gemma Lee (Principal Geologist – Albright Metals Limited). Mr Barnes is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) and both Mr Barnes and Ms Lee are members of the Australian Institute of Geoscientists (AIG).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document is a 'Global Mineral Resource update for Vail Road Gold Deposit'.
Evidence · text
“Global Mineral Resource update for Vail Road Gold Deposit”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The previous estimate was wholly Inferred, while this update includes an initial Indicated category portion.
Evidence · text
“Includes initial Indicated Category portion of 33.5 kt at 20.9 g/t Au for 22,500 contained ozs.”
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: The 2011 Foreign Estimate used a 5 g/t Au cut-off, while the 2026 Mineral Resource uses a 2 g/t Au cut-off.
Evidence · text
“RPA reported the 2011 Foreign Estimate at a 5 g/t Au cut-off. This 2026 Mineral Resource is reported at a 2 g/t Au cut-off.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The global gold grade decreased from 9.60 g/t in the 2011 estimate to 9.0 g/t in the 2026 update.
Evidence · table
“9.0”
Context: 188.0
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: The global tonnage decreased from 214.8 kt in the 2011 estimate to 188.0 kt in the 2026 update.
Evidence · table
“188.0”
Context: 188.0
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: The global contained gold decreased from 66.3 koz in the 2011 estimate to 54.2 koz in the 2026 update.
Evidence · table
“54.2”
Context: 188.0
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Inferred category constitutes 154.6 kt out of the 188.0 kt global resource, representing the majority of the estimate.
Evidence · table
“154.6”
Context: 154.6
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The document explicitly refers to a 'Foreign Resource Estimate previously announced' from 2011, which is now being converted to JORC 2012.
Evidence · text
“The Mineral Resource converts the Foreign Resource Estimate previously announced for the project,1 to one reported under the JORC 2012 code.”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The Mineral Resource is stated to be used as the basis for a Scoping Study on development pathways.
Evidence · text
“Mineral Resource to be used as basis for Scoping Study on development pathways.”
Free Millingpositive · Story-specific tag
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The document states that gold is not likely to be refractory, with visible free gold, and is amenable to conventional gravity and cyanide leach processing.
Evidence · text
“Assessment of multi-element analysis of drill core indicates that the gold is not likely to be refractory, with free gold visible in core in the better mineralised portions of the deposit. It is likely gold is amenable to extraction using conventional processing techniques.”
Extracted facts
Stored fact records: 33. Some facts used in scoring do not have a stored record.
Resource Estimates (33)
indicatedGolden Pike Project · goldTonnes: 11100Grade: 31.1Grade Unit: g/tContained Metal: 11.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:8041782f3df4a697a0b9
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11100
- Grade
- 31.1
- Grade Unit
- g/t
- Contained Metal
- 11.1
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a very high-grade Indicated resource, which is a strong positive for project economics and de-risking.
Positive factors
- Exceptional gold grade for underground mining (31.1 g/t Au).
- High confidence Indicated category.
Evidence · table
“31.1”
Context: 11.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGolden Pike Project · goldTonnes: 10400Grade: 19.5Grade Unit: g/tContained Metal: 6.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:0c36417f1549fc27d844
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10400
- Grade
- 19.5
- Grade Unit
- g/t
- Contained Metal
- 6.6
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Another high-grade Indicated resource, contributing significantly to the project's economic viability.
Positive factors
- Exceptional gold grade for underground mining (19.5 g/t Au).
- High confidence Indicated category.
Evidence · table
“19.5”
Context: 10.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGolden Pike Project · goldTonnes: 11900Grade: 12.7Grade Unit: g/tContained Metal: 4.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:57934a74b3c86e07777f
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11900
- Grade
- 12.7
- Grade Unit
- g/t
- Contained Metal
- 4.9
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: A solid Indicated resource, adding to the high-grade profile of the project.
Positive factors
- Strong gold grade for underground mining (12.7 g/t Au).
- High confidence Indicated category.
Evidence · table
“12.7”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGolden Pike Project · goldTonnes: 33500Grade: 20.9Grade Unit: g/tContained Metal: 22.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:d115f8eff97fe53d0118
- Deposit or zone
- Subtotal
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 33500
- Grade
- 20.9
- Grade Unit
- g/t
- Contained Metal
- 22.5
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The overall Indicated resource is high-grade and represents a crucial step in de-risking the project, providing a basis for economic studies.
Positive factors
- Exceptional average gold grade for the Indicated category (20.9 g/t Au).
- Establishment of an initial Indicated resource is a significant de-risking step.
Evidence · table
“20.9”
Context: 33.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGolden Pike Project · goldTonnes: 42200Grade: 4Grade Unit: g/tContained Metal: 5.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:9064ae8b8837c997c9f3
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 42200
- Grade
- 4
- Grade Unit
- g/t
- Contained Metal
- 5.4
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: A moderate-grade Inferred resource, contributing to overall tonnage but with lower confidence.
Positive factors
- Moderate gold grade for underground mining (4.0 g/t Au).
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“4.0”
Context: 42.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGolden Pike Project · goldTonnes: 6800Grade: 10Grade Unit: g/tContained Metal: 2.2Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:0cde04de663c470f73ed
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800
- Grade
- 10
- Grade Unit
- g/t
- Contained Metal
- 2.2
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: A high-grade Inferred resource, indicating potential for future upgrades with more drilling.
Positive factors
- Strong gold grade for underground mining (10.0 g/t Au).
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“10.0”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGolden Pike Project · goldTonnes: 105600Grade: 7.1Grade Unit: g/tContained Metal: 24.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:1d5faae0295672da3e13
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 105600
- Grade
- 7.1
- Grade Unit
- g/t
- Contained Metal
- 24.1
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The largest portion of the resource, with a strong grade, but in the Inferred category.
Positive factors
- Strong gold grade for underground mining (7.1 g/t Au).
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“7.1”
Context: 105.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGolden Pike Project · goldTonnes: 154600Grade: 6.4Grade Unit: g/tContained Metal: 31.7Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:be3f1e4aacef59dabc4a
- Deposit or zone
- Subtotal
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 154600
- Grade
- 6.4
- Grade Unit
- g/t
- Contained Metal
- 31.7
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The substantial Inferred component indicates significant exploration upside but requires further drilling to improve confidence.
Positive factors
- Strong average gold grade for the Inferred category (6.4 g/t Au).
Negative factors
- The majority of the resource remains in the Inferred category, limiting engineering confidence.
Evidence · table
“6.4”
Context: 154.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 9Golden Pike Project · goldTonnes: 188000Grade: 9Grade Unit: g/tContained Metal: 54.2Contained Unit: kozView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:8217140af286d24254ac
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Tonnes
- 188000
- Grade
- 9
- Grade Unit
- g/t
- Contained Metal
- 54.2
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The global resource, while high-grade, shows a decline in overall scale and contained metal compared to the previous estimate, despite the inclusion of an Indicated category.
Positive factors
- Overall strong gold grade (9.0 g/t Au) for the deposit.
Negative factors
- Global tonnage, grade, and contained metal have decreased compared to the prior estimate.
- The contained metal (54.2 koz) is relatively small, falling into the 'weak' category by rubric standards.
Evidence · table
“9.0”
Context: 188.0
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGolden Pike Project · copperTonnes: 11100Grade: 4010Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:8041782f3df4a697a0b9
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11100
- Grade
- 4010
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“4,010”
Context: 11.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedGolden Pike Project · copperTonnes: 10400Grade: 3338Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:0c36417f1549fc27d844
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10400
- Grade
- 3338
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“3,338”
Context: 10.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedGolden Pike Project · copperTonnes: 11900Grade: 2067Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:57934a74b3c86e07777f
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11900
- Grade
- 2067
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“2,067”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedGolden Pike Project · copperTonnes: 33500Grade: 3107Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:d115f8eff97fe53d0118
- Deposit or zone
- Subtotal
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 33500
- Grade
- 3107
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“3,107”
Context: 33.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGolden Pike Project · copperTonnes: 42200Grade: 1881Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:9064ae8b8837c997c9f3
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 42200
- Grade
- 1881
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“1,881”
Context: 42.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGolden Pike Project · copperTonnes: 6800Grade: 1797Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:0cde04de663c470f73ed
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800
- Grade
- 1797
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“1,797”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGolden Pike Project · copperTonnes: 105600Grade: 1395Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:1d5faae0295672da3e13
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 105600
- Grade
- 1395
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“1,395”
Context: 105.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGolden Pike Project · copperTonnes: 154600Grade: 1545Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:be3f1e4aacef59dabc4a
- Deposit or zone
- Subtotal
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 154600
- Grade
- 1545
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“1,545”
Context: 154.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 18Golden Pike Project · copperTonnes: 188000Grade: 1823Grade Unit: ppmView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- copper
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lauritz Barnes, Gemma Lee
- Resource group id
- resource:8217140af286d24254ac
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Tonnes
- 188000
- Grade
- 1823
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Copper is noted as a byproduct, but its economic significance is not detailed in this release.
Positive factors
- Copper is present as a byproduct.
Evidence · table
“1,823”
Context: 188.0
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredGolden Pike Project · goldTonnes: 214800Grade: 9.6Grade Unit: g/tContained Metal: 66.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Golden Pike Project
- Commodity
- gold
- Region
- canada_nb
- Reported Region
- New Brunswick, Canada
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:669e165e79e338ce3c25
Resource Data
- Category
- inferred
- Tonnes
- 214800
- Grade
- 9.6
- Grade Unit
- g/t
- Contained Metal
- 66.3
- Contained Unit
- koz
- Cutoff Grade
- 5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2011-01-01
Location
- CRS
- NAD83 Zone 20
- Loc. Confidence
- high
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2011-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This historical estimate provides a baseline for comparison but is superseded by the new JORC-compliant resource.
Negative factors
- This is a historical estimate, superseded by the current update.
- Reported wholly as Inferred category, indicating lower confidence.
Evidence · table
“214.8”
Context: 214.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.7 years before this release
indicatedVail Road · goldTonnes: 11100Grade: 31.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:c34d3b1826155fd74cb2
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11100
- Grade
- 31.1
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“31.1”
Context: 11.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVail Road · copperTonnes: 11100Grade: 4010Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:c34d3b1826155fd74cb2
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11100
- Grade
- 4010
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4,010”
Context: 11.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVail Road · goldTonnes: 10400Grade: 19.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:fc91ecad917884026699
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10400
- Grade
- 19.5
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“19.5”
Context: 10.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVail Road · copperTonnes: 10400Grade: 3338Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:fc91ecad917884026699
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10400
- Grade
- 3338
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3,338”
Context: 10.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVail Road · goldTonnes: 11900Grade: 12.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:76eecab9b783faa56a21
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11900
- Grade
- 12.7
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“12.7”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVail Road · copperTonnes: 11900Grade: 2067Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:76eecab9b783faa56a21
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11900
- Grade
- 2067
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2,067”
Context: 11.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · goldTonnes: 42200Grade: 4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:03c0edfc524d568fe958
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 42200
- Grade
- 4
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.0”
Context: 42.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · copperTonnes: 42200Grade: 1881Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:03c0edfc524d568fe958
- Deposit or zone
- Main
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 42200
- Grade
- 1881
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1,881”
Context: 42.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · goldTonnes: 6800Grade: 10Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:2202cde1d8da5c2ee378
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800
- Grade
- 10
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“10.0”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · copperTonnes: 6800Grade: 1797Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:2202cde1d8da5c2ee378
- Deposit or zone
- Middle
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6800
- Grade
- 1797
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1,797”
Context: 6.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · goldTonnes: 105600Grade: 7.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:cc704335f9a64f687776
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 105600
- Grade
- 7.1
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“7.1”
Context: 105.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVail Road · copperTonnes: 105600Grade: 1395Grade Unit: ppmView all detailsHide details
Identity
- Project
- Vail Road
- Commodity
- copper
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:cc704335f9a64f687776
- Deposit or zone
- Parallel
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 105600
- Grade
- 1395
- Grade Unit
- ppm
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1,395”
Context: 105.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredComparison of 2026 Vail Road · goldTonnes: 214800Grade: 9.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Comparison of 2026 Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:bdc2f8f8ca082c0880c4
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 214800
- Grade
- 9.6
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“9.60”
Context: 214.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedComparison of 2026 Vail Road · goldTonnes: 33500Grade: 20.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Comparison of 2026 Vail Road
- Commodity
- gold
- Ticker
- ABR
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, jorc
- Resource group id
- resource:e13a7bcd54c238cb4583
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 33500
- Grade
- 20.9
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“20.9”
Context: 33.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.