# ABR: Mineral Resource for Vail Road Gold Deposit

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145156

Publisher: asx

Original announcement: 2026-09-28T23:09:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-29T16:19:53.279Z

Atlas analysis updated: 2026-09-29T16:19:53.279Z

- 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

Narrative sentiment: -0.20 · Bearish

## Minestarters Atlas 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 factor: Initial Indicated Resource established, improving confidence from previous 100% Inferred estimate.

- Positive factor: High-grade nature of the Indicated portion \(20.9 g/t Au\) is very positive for potential underground mining.

- Positive factor: JORC 2012 compliant estimate, enhancing credibility and comparability.

- Positive factor: QP/CP sign-off by experienced professionals.

- Positive factor: Metallurgical testwork indicates gold is free-milling and not refractory, amenable to conventional processing.

- Negative factor: Overall tonnage, grade, and contained metal have decreased significantly compared to the prior 2011 estimate.

- Negative factor: 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.

- Negative factor: The majority of the resource remains in the Inferred category \(82.2%\), limiting engineering confidence.

- Negative factor: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 Upgrade**

Polarity: positive

Definition: 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 Lowered**

Polarity: negative

Definition: 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 Decline**

Polarity: negative

Definition: 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 Decline**

Polarity: negative

Definition: 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 Decline**

Polarity: negative

Definition: 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 Resource**

Polarity: negative

Definition: 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 Only**

Polarity: negative

Definition: 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-Supporting**

Polarity: neutral

Definition: 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 Milling**

Polarity: positive

Story-specific tag

Definition: 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-0)

Golden Pike Project · gold

#### 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 factor: Exceptional gold grade for underground mining \(31.1 g/t Au\).

- Positive factor: High confidence Indicated category.

Evidence · table

> 31.1

Context: 11.1

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-1)

Golden Pike Project · gold

#### 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 factor: Exceptional gold grade for underground mining \(19.5 g/t Au\).

- Positive factor: High confidence Indicated category.

Evidence · table

> 19.5

Context: 10.4

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-2)

Golden Pike Project · gold

#### 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 factor: Strong gold grade for underground mining \(12.7 g/t Au\).

- Positive factor: High confidence Indicated category.

Evidence · table

> 12.7

Context: 11.9

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-3)

Golden Pike Project · gold

#### 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 factor: Exceptional average gold grade for the Indicated category \(20.9 g/t Au\).

- Positive factor: Establishment of an initial Indicated resource is a significant de-risking step.

Evidence · table

> 20.9

Context: 33.5

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-4)

Golden Pike Project · gold

#### 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 factor: Moderate gold grade for underground mining \(4.0 g/t Au\).

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 4.0

Context: 42.2

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-5)

Golden Pike Project · gold

#### 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 factor: Strong gold grade for underground mining \(10.0 g/t Au\).

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 10.0

Context: 6.8

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-6)

Golden Pike Project · gold

#### 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 factor: Strong gold grade for underground mining \(7.1 g/t Au\).

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 7.1

Context: 105.6

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-7)

Golden Pike Project · gold

#### 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 factor: Strong average gold grade for the Inferred category \(6.4 g/t Au\).

- Negative factor: 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 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-8)

Golden Pike Project · gold

#### 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 factor: Overall strong gold grade \(9.0 g/t Au\) for the deposit.

- Negative factor: Global tonnage, grade, and contained metal have decreased compared to the prior estimate.

- Negative factor: 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-9)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 4,010

Context: 11.1

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-10)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 3,338

Context: 10.4

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-11)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 2,067

Context: 11.9

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-12)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 3,107

Context: 33.5

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-13)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 1,881

Context: 42.2

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-14)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 1,797

Context: 6.8

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-15)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 1,395

Context: 105.6

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-16)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 1,545

Context: 154.6

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### Fact 18

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-17)

Golden Pike Project · copper

#### 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 factor: Copper is present as a byproduct.

Evidence · table

> 1,823

Context: 188.0

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**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: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-18)

Golden Pike Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: This is a historical estimate, superseded by the current update.

- Negative factor: Reported wholly as Inferred category, indicating lower confidence.

Evidence · table

> 214.8

Context: 214.8

#### 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 Disclosed**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: 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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-19)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 31.1

Context: 11.1

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-20)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 4,010

Context: 11.1

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-21)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 19.5

Context: 10.4

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-22)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 3,338

Context: 10.4

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-23)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 12.7

Context: 11.9

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-24)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 2,067

Context: 11.9

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-25)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 4.0

Context: 42.2

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-26)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 1,881

Context: 42.2

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-27)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 10.0

Context: 6.8

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-28)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 1,797

Context: 6.8

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-29)

Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 7.1

Context: 105.6

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-30)

Vail Road · copper

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 1,395

Context: 105.6

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-31)

Comparison of 2026 Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 9.60

Context: 214.8

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-mineral-resource-for-vail-road-gold-deposit--a91463e6-e281-4987-90f7-97405f186a61#fact-resource-facts-32)

Comparison of 2026 Vail Road · gold

#### 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 factor: Fact expanded from resource table columns \(model omitted this commodity\).

Evidence · table

> 20.9

Context: 33.5

#### 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 Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**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

## 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.