# Apogee Minerals Closes Knife Lake Copper Project Option Transaction and Files Independent NI 43-101 Technical Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121 Original source: https://orestocks.com/company/APMI.V/press-releases/8556902038510721 Publisher: orestocks Original announcement: 2026-09-16T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-16T13:06:19.320Z Atlas analysis updated: 2026-09-16T13:06:19.320Z - Company: Apogee Minerals Ltd. - Ticker: APMI - Exchange: Unavailable - Region: Saskatchewan - Primary commodity: Copper - Secondary commodities: Silver, Gold, Zinc, Cobalt - Document categories: Resource update, Agreement transaction, Drill results - Extracted: 2026-09-16 13:06:19 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Apogee Minerals has closed an option transaction to acquire 100% interest in the Knife Lake Copper Project in Saskatchewan. The company also filed an NI 43-101 Technical Report which incorporates 2021 and 2022 drilling results but notes that the existing mineral resource is historical and not being treated as current. Reasoning: The company closed an option to acquire a VMS copper project and filed a technical report. While it includes high-grade historical drill results, the company explicitly cautions that the historical resource is not current and cannot be verified due to lost core. - Positive factor: Closing of option transaction for 100% interest - Positive factor: High-grade drill intercepts from 2021/2022 programs - Positive factor: Existence of historical resource - Negative factor: Historical resource is not current and not being treated as such - Negative factor: Core from 2021/2022 destroyed in forest fire, preventing re-sampling - Negative factor: No current mineral resource or reserve estimate prepared Facts used in scoring: 21 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: 2021 and 2022 drilling programs are incorporated into the updated technical report to expand on previous work. Evidence · text > expand upon the September, 2019, technical report by including the exploration work completed on the Property by Rockridge Resources Ltd. \(now Trident\) in 2021 and 2022 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The 2019 historical resource contains a significant Inferred component. Evidence · table > Inferred Context: 7,902 **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 resource estimate provided is a 2019 historical estimate and is not being treated as a current resource. Evidence · text > There is a historical mineral resource at Knife Lake but no current mineral resource estimate or mineral reserve estimate has been prepared for the Project ## Extracted facts Stored fact records: 21. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### KF22029 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-0) Knife Lake · copper #### Identity - Hole ID: KF22029 - Project: Knife Lake - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 3.8 - Grade Unit: % - Intercept: 0.75 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: KF22029:13.0-28.75 - Mining Method: unknown #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: High-grade 0.75m sub-interval. - Positive factor: High-grade interval Evidence · text > including a higher-grade interval of 0.75 metres grading 3.80% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF21021 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-1) Knife Lake · silver #### Identity - Hole ID: KF21021 - Project: Knife Lake - Commodity: silver - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 7.41 - Grade Unit: g/t - Intercept: 14.02 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: KF21021:0-14.02 - Mining Method: unknown #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Silver credit in a copper intercept. Evidence · text > 7.41 g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF21021 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-2) Knife Lake · gold #### Identity - Hole ID: KF21021 - Project: Knife Lake - Commodity: gold - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 0.11 - Grade Unit: g/t - Intercept: 14.02 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: KF21021:0-14.02 - Mining Method: unknown #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Trace gold grade. Evidence · text > 0.11 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF21021 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-3) Knife Lake · zinc #### Identity - Hole ID: KF21021 - Project: Knife Lake - Commodity: zinc - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 0.53 - Grade Unit: % - Intercept: 14.02 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: KF21021:0-14.02 - Mining Method: unknown #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Zinc credit in a copper intercept. Evidence · text > 0.53% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF21021 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-4) Knife Lake · cobalt #### Identity - Hole ID: KF21021 - Project: Knife Lake - Commodity: cobalt - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 0.02 - Grade Unit: % - Intercept: 14.02 m #### Classification - Deposit Type: vms - Program: exploration - Sample Type: drill - Group ID: KF21021:0-14.02 - Mining Method: unknown #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Trace cobalt grade. Evidence · text > 0.02% Co #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF22030 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-19) Knife Lake · copper #### Identity - Hole ID: KF22030 - Project: Knife Lake - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 1.93 - Grade Unit: % - Intercept: 15.9 m - From: 13.8 m - To: 29.7 m #### Classification - Deposit Type: vms - Sample Type: drill #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: High-grade 0.75m sub-interval. - Positive factor: High-grade interval Evidence · text > 15.90 metres grading 1.93% Cu, 0.26 g/t Au, 7.50 g/t Ag, 0.17% Zn and 0.02% Co  from 13.80 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ### KF22029 [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-drill-facts-20) Knife Lake · copper #### Identity - Hole ID: KF22029 - Project: Knife Lake - Commodity: copper - Region: canada\_sk - Reported Region: canada\_sk - Ticker: APMI #### Geometry - Grade: 1.91 - Grade Unit: % - Intercept: 15.75 m - From: 13 m - To: 28.75 m #### Classification - Deposit Type: vms - Sample Type: drill #### Location - Location: Knife Lake Deposit - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: High-grade 0.75m sub-interval. - Positive factor: High-grade interval Evidence · text > 15.75 metres grading 1.91% Cu, 0.23 g/t Au, 7.79 g/t Ag, 0.30% Zn and 0.01% Co  from 13.00 metres #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The deposit comprises three stratabound zones – Central-South, Bay and North – that collectively extend approximately 4." ## Resource Estimates (14) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-5) copper Historical result Needs review: historical\_restatement #### Identity - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:de174914a5bc789baab6 - Deposit or zone: Knife Lake Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 70 - Grade Unit: mlbs - Contained Metal: 70 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 1.02 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical indicated resource from 2019. Company explicitly states it is not treating this as a current resource. - Negative factor: Historical estimate not treated as current - Negative factor: Core destroyed in forest fire Evidence · table > 70 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-6) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Resource group id: resource:258a78807ec536512338 - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 3.7 - Grade Unit: g/t - Contained Metal: 456 - Contained Unit: koz #### Prior Estimate - Resource Date: 2019-06-12 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical silver credit in indicated resource. Evidence · table > 3.7 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-7) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Resource group id: resource:258a78807ec536512338 - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 0.097 - Grade Unit: g/t - Contained Metal: 11951 - Contained Unit: oz #### Prior Estimate - Resource Date: 2019-06-12 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical gold credit in indicated resource. Evidence · table > 0.097 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-8) cobalt Historical result Needs review: historical\_restatement #### Identity - Commodity: cobalt - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Resource group id: resource:258a78807ec536512338 - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 82 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical cobalt credit in indicated resource. Evidence · table > 82.0 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-9) zinc Historical result Needs review: historical\_restatement #### Identity - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Resource group id: resource:258a78807ec536512338 - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 1740.7 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical zinc credit in indicated resource. Evidence · table > 1,740.7 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-10) copper Historical result Needs review: historical\_restatement #### Identity - Commodity: copper - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:222fb53c3a5d02f0583c - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7902000 - Grade: 92 - Grade Unit: mlbs - Contained Metal: 92 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 0.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical inferred resource from 2019. - Negative factor: Historical estimate not treated as current Evidence · table > 92 Context: 7,902 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-11) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:222fb53c3a5d02f0583c - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7902000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 610 - Contained Unit: koz #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 0.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical silver credit in inferred resource. Evidence · table > 2.4 Context: 7,902 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-12) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:222fb53c3a5d02f0583c - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7902000 - Grade: 0.084 - Grade Unit: g/t - Contained Metal: 21340 - Contained Unit: oz #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 0.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical gold credit in inferred resource. Evidence · table > 0.084 Context: 7,902 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-13) cobalt Historical result Needs review: historical\_restatement #### Identity - Commodity: cobalt - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:222fb53c3a5d02f0583c - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7902000 - Grade: 53.1 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 0.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical cobalt credit in inferred resource. Evidence · table > 53.1 Context: 7,902 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-14) zinc Historical result Needs review: historical\_restatement #### Identity - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:222fb53c3a5d02f0583c - Deposit or zone: Knife Lake Copper Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7902000 - Grade: 1454.9 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 0.67 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical zinc credit in inferred resource. Evidence · table > 1,454.9 Context: 7,902 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-15) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:de174914a5bc789baab6 - Deposit or zone: Knife Lake Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 3.7 - Grade Unit: g/t - Contained Metal: 456 - Contained Unit: koz #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 1.02 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical indicated resource from 2019. Company explicitly states it is not treating this as a current resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Historical estimate not treated as current - Negative factor: Core destroyed in forest fire Evidence · table > 3.7 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-16) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:de174914a5bc789baab6 - Deposit or zone: Knife Lake Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 0.097 - Grade Unit: g/t - Contained Metal: 11951 - Contained Unit: oz #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 1.02 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical indicated resource from 2019. Company explicitly states it is not treating this as a current resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Historical estimate not treated as current - Negative factor: Core destroyed in forest fire Evidence · table > 0.097 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-17) cobalt Historical result Needs review: historical\_restatement #### Identity - Commodity: cobalt - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:de174914a5bc789baab6 - Deposit or zone: Knife Lake Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 82 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 1.02 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical indicated resource from 2019. Company explicitly states it is not treating this as a current resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Historical estimate not treated as current - Negative factor: Core destroyed in forest fire Evidence · table > 82.0 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/apogee-minerals-closes-knife-lake-copper-project-option-transaction-and-files-in--ecfa5e18-4bea-484a-ad92-177c3b7b3121#fact-resource-facts-18) zinc Historical result Needs review: historical\_restatement #### Identity - Commodity: zinc - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: APMI #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:de174914a5bc789baab6 - Deposit or zone: Knife Lake Project - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3836000 - Grade: 1740.7 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2019-06-12 #### Metal Equivalent - Metal Eq. Grade: 1.02 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-09-27T00:00:00.000Z #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Historical indicated resource from 2019. Company explicitly states it is not treating this as a current resource. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Historical estimate not treated as current - Negative factor: Core destroyed in forest fire Evidence · table > 1,740.7 Context: 3,836 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 7.3 years before this release ## 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.