# ABR: Scoping Study for Vail Road Gold Commences

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03147654

Publisher: asx

Original announcement: 2026-10-01T23:17:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-02T00:14:36.799Z

Atlas analysis updated: 2026-10-02T00:14:36.799Z

- Company: Albright Metals Limited

- Ticker: ABR

- Exchange: ASX

- Region: New Brunswick, Canada

- Primary commodity: Gold

- Secondary commodities: Copper

- Document categories: Other, Resource update

- Extracted: 2026-10-02 00:14:37 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Albright Metals has appointed Orelogy to conduct a Scoping Study for the Vail Road Gold Deposit in New Brunswick, Canada. The study will evaluate technical and economic feasibility, including conceptual underground mine design, following the recent update of the mineral resource.

Reasoning: The announcement marks a key progression from resource definition to economic evaluation for a high-grade gold deposit.

- Positive factor: Appointment of technical consultancy Orelogy to advance project economics

- Positive factor: High-grade resource underpinning the study \(9.0 g/t Au\)

- Positive factor: Clear timeline for study completion \(Q1 2027\)

Facts used in scoring: 16

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document references a recently announced Mineral Resource for the Vail Road Gold Deposit.

Evidence · text

> recently announced updated Mineral Resource

**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 announcement names Mr Lauritz Barnes and Ms Gemma Lee as Competent Persons.

Evidence · text

> 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 \(AIG\).

## Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

## Resource Estimates (16)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-0)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:0495b3b6d32ec84d1c5b
- Deposit or zone: Subtotal
- Mining method: underground
- 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

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update.

- Positive factor: High grade \(20.9 g/t Au\) in Indicated category

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-1)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:0495b3b6d32ec84d1c5b
- Deposit or zone: Subtotal
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 33500
- Grade: 3107
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Trace copper reported in the Indicated subtotal.

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-2)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:e0d86ee86236c1a8b98a
- Deposit or zone: Subtotal
- Mining method: underground
- 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

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update.

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-3)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:e0d86ee86236c1a8b98a
- Deposit or zone: Subtotal
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 154600
- Grade: 1545
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Trace copper reported in the Inferred subtotal.

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-4)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:93a07857c50d3f710863
- Deposit or zone: Main
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 11100
- Grade: 31.1
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-5)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:93a07857c50d3f710863
- Deposit or zone: Main
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 11100
- Grade: 4010
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in Indicated category

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-6)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:edb907f23380d237e42f
- Deposit or zone: Middle
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 10400
- Grade: 19.5
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-7)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:edb907f23380d237e42f
- Deposit or zone: Middle
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 10400
- Grade: 3338
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in Indicated category

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-8)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:e99b7aa98f90716ae3c6
- Deposit or zone: Parallel
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 11900
- Grade: 12.7
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in 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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-9)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:e99b7aa98f90716ae3c6
- Deposit or zone: Parallel
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 11900
- Grade: 2067
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Indicated resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High grade \(20.9 g/t Au\) in Indicated category

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-10)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:41afb8c42f5e2d0ee4d1
- Deposit or zone: Main
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 42200
- Grade: 4
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-11)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:41afb8c42f5e2d0ee4d1
- Deposit or zone: Main
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 42200
- Grade: 1881
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-12)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:a5dcc51ba510b448a050
- Deposit or zone: Middle
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800
- Grade: 10
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-13)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:a5dcc51ba510b448a050
- Deposit or zone: Middle
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 6800
- Grade: 1797
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-14)

Vail Road · gold

#### Identity

- Project: Vail Road
- 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:e8d6a7819f073d8052cf
- Deposit or zone: Parallel
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 105600
- Grade: 7.1
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/abr-scoping-study-for-vail-road-gold-commences--b7348ea8-9d69-4294-a6ea-c43114e5c293#fact-resource-facts-15)

Vail Road · copper

#### Identity

- Project: Vail Road
- 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:e8d6a7819f073d8052cf
- Deposit or zone: Parallel
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 105600
- Grade: 1395
- Grade Unit: ppm
- Cutoff Grade: 2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-01T00:00:00.000Z

Reasoning: Inferred resource component of the recently announced update. \(Expanded from multi-commodity resource table for completeness.\)

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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## 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.