Aftermath Silver Launches Berenguela Pre-Feasibility Study
Original announcement by tmx on
- Company
- Aftermath Silver Ltd.
- Ticker
- AAG
- Exchange
- TSX
- Region
- southern Peru
- Primary commodity
- Silver
- Secondary commodities
- Copper, Manganese, Zinc
- Document categories
- Resource update, Other
- Extracted
- 2026-08-24 07:16:48 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Aftermath Silver has commenced a Pre-Feasibility Study (PFS) for its Berenguela silver-copper-manganese project in Peru. The decision follows an infill drilling program and an updated Mineral Resource Estimate that confirmed significant silver, copper, and manganese resources.
Reasoning: The announcement marks a major project milestone (PFS commencement) based on a recently updated resource estimate.
Positive factors
- Advancement to Pre-Feasibility Study (PFS) stage
- High-confidence resource base with significant M&I components
- QP/CP sign-off provided by AusIMM Fellow
- Robust silver and copper mineralization confirmed
Negative factors
- Resource is a restatement of the December 4, 2025 release
Facts used in scoring: 16
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The announcement provides an updated Mineral Resource Estimate for the Berenguela project.
Evidence · text
“The updated Mineral Resource Estimate (See Aftermath news release dated December 4, 2025) materially improved confidence”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Michael Parker, a Fellow of the AusIMM, is named as the Qualified Person who reviewed and approved the technical content.
Evidence · text
“Qualified Person Michael Parker, a Fellow of the AusIMM”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The release explicitly mentions compliance with NI 43-101 standards and the filing of a Technical Report.
Evidence · text
“as defined by NI 43-101”
Extracted facts
Stored fact records: 16. Some facts used in scoring do not have a stored record.
Resource Estimates (16)
measuredsilverTonnes: 8490000Grade: 101Grade Unit: g/tContained Metal: 27.7Contained Unit: MozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AAG
Resource Data
- Category
- measured
- Tonnes
- 8490000
- Grade
- 101
- Grade Unit
- g/t
- Contained Metal
- 27.7
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Measured silver resource component.
Evidence · table
“101”
Context: 8.49
measuredmanganeseTonnes: 8490000Grade: 8.97Grade Unit: %Contained Metal: 0.76Contained Unit: MtView all detailsHide details
Identity
- Commodity
- manganese
- Ticker
- AAG
Resource Data
- Category
- measured
- Tonnes
- 8490000
- Grade
- 8.97
- Grade Unit
- %
- Contained Metal
- 0.76
- Contained Unit
- Mt
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Measured manganese resource component.
Evidence · table
“8.97”
Context: 8.49
measuredcopperTonnes: 8490000Grade: 0.89Grade Unit: %Contained Metal: 166.9Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AAG
Resource Data
- Category
- measured
- Tonnes
- 8490000
- Grade
- 0.89
- Grade Unit
- %
- Contained Metal
- 166.9
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Measured copper resource component.
Evidence · table
“0.89”
Context: 8.49
measuredzincTonnes: 8490000Grade: 0.32Grade Unit: %Contained Metal: 60Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AAG
Resource Data
- Category
- measured
- Tonnes
- 8490000
- Grade
- 0.32
- Grade Unit
- %
- Contained Metal
- 60
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Measured zinc resource component.
Evidence · table
“0.32”
Context: 8.49
indicatedsilverTonnes: 43060000Grade: 68.5Grade Unit: g/tContained Metal: 94.9Contained Unit: MozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 43060000
- Grade
- 68.5
- Grade Unit
- g/t
- Contained Metal
- 94.9
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated silver resource component.
Evidence · table
“68.5”
Context: 43.06
indicatedmanganeseTonnes: 43060000Grade: 5.04Grade Unit: %Contained Metal: 2.17Contained Unit: MtView all detailsHide details
Identity
- Commodity
- manganese
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 43060000
- Grade
- 5.04
- Grade Unit
- %
- Contained Metal
- 2.17
- Contained Unit
- Mt
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated manganese resource component.
Evidence · table
“5.04”
Context: 43.06
indicatedcopperTonnes: 43060000Grade: 0.58Grade Unit: %Contained Metal: 550.2Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 43060000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 550.2
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated copper resource component.
Evidence · table
“0.58”
Context: 43.06
indicatedzincTonnes: 43060000Grade: 0.33Grade Unit: %Contained Metal: 312.5Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 43060000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 312.5
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated zinc resource component.
Evidence · table
“0.33”
Context: 43.06
indicatedsilverTonnes: 51550000Grade: 73.9Grade Unit: g/tContained Metal: 122.5Contained Unit: MozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 51550000
- Grade
- 73.9
- Grade Unit
- g/t
- Contained Metal
- 122.5
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated silver resource component (M&I).
Evidence · table
“73.9”
Context: 51.55
indicatedmanganeseTonnes: 51550000Grade: 5.69Grade Unit: %Contained Metal: 2.93Contained Unit: MtView all detailsHide details
Identity
- Commodity
- manganese
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 51550000
- Grade
- 5.69
- Grade Unit
- %
- Contained Metal
- 2.93
- Contained Unit
- Mt
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated manganese resource component (M&I).
Evidence · table
“5.69”
Context: 51.55
indicatedcopperTonnes: 51550000Grade: 0.63Grade Unit: %Contained Metal: 717.1Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 51550000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 717.1
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated copper resource component (M&I).
Evidence · table
“0.63”
Context: 51.55
indicatedzincTonnes: 51550000Grade: 0.33Grade Unit: %Contained Metal: 372.4Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AAG
Resource Data
- Category
- indicated
- Tonnes
- 51550000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 372.4
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Indicated zinc resource component (M&I).
Evidence · table
“0.33”
Context: 51.55
inferredsilverTonnes: 14330000Grade: 47.6Grade Unit: g/tContained Metal: 22Contained Unit: MozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- AAG
Resource Data
- Category
- inferred
- Tonnes
- 14330000
- Grade
- 47.6
- Grade Unit
- g/t
- Contained Metal
- 22
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Inferred silver resource component.
Evidence · table
“47.6”
Context: 14.33
inferredmanganeseTonnes: 14330000Grade: 3.28Grade Unit: %Contained Metal: 0.47Contained Unit: MtView all detailsHide details
Identity
- Commodity
- manganese
- Ticker
- AAG
Resource Data
- Category
- inferred
- Tonnes
- 14330000
- Grade
- 3.28
- Grade Unit
- %
- Contained Metal
- 0.47
- Contained Unit
- Mt
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Inferred manganese resource component.
Evidence · table
“3.28”
Context: 14.33
inferredcopperTonnes: 14330000Grade: 0.37Grade Unit: %Contained Metal: 118.4Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AAG
Resource Data
- Category
- inferred
- Tonnes
- 14330000
- Grade
- 0.37
- Grade Unit
- %
- Contained Metal
- 118.4
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Inferred copper resource component.
Evidence · table
“0.37”
Context: 14.33
inferredzincTonnes: 14330000Grade: 0.25Grade Unit: %Contained Metal: 80Contained Unit: MlbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AAG
Resource Data
- Category
- inferred
- Tonnes
- 14330000
- Grade
- 0.25
- Grade Unit
- %
- Contained Metal
- 80
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-12T00:00:00.000Z
Reasoning: Inferred zinc resource component.
Evidence · table
“0.25”
Context: 14.33
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.