Aris Mining Announces Major Developments at Soto Norte

Original announcement by jmn on

Company
Aris Mining Corporation
Ticker
ARIS
Exchange
TSX
Region
Santander, Colombia
Primary commodity
Gold
Secondary commodities
Copper, Silver
Document categories
Resource update, Permitting
Extracted
2026-09-30 12:23:15 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Aris Mining has completed the Environmental and Social Impact Assessment (ESIA) preparation for its Soto Norte gold-copper project in Colombia. The company also reported high-grade mineral reserves of 4.6 million ounces of gold at 7.0 g/t Au and noted the removal of key regulatory constraints following recent government actions.

Reasoning: Significant de-risking of the Soto Norte project through ESIA completion and removal of previous regulatory restrictions, alongside high-grade reserve disclosure.

Positive factors

  • ESIA preparation complete
  • Regulatory constraints removed via revocation of La Baja reserve
  • Technical mine plan (PTO) approved by ANM
  • High-grade reserves (7.0 g/t Au)
  • Long mine life (22 years)

Negative factors

  • Environmental licensing still required before construction decision

Facts used in scoring: 15

Classification and evidence

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: Pamela De Mark, P.Geo., is named as the Qualified Person who reviewed and approved the technical information.

Evidence · text

“Pamela De Mark, P.Geo., ... is a Qualified Person”

NI 43-101 Compliantpositive

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

Why it applies: The technical information is reviewed and approved as per NI 43-101 standards.

Evidence · text

“as defined by National Instrument 43-101”

Extracted facts

Stored fact records: 15. Some facts used in scoring do not have a stored record.

Resource Estimates (15)

provenSoto Norte · goldTonnes: 2600000Grade: 8.78Grade Unit: g/tContained Metal: 0.7Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
gold
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:e5836172ed8379b60815
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
proven
Tonnes
2600000
Grade
8.78
Grade Unit
g/t
Contained Metal
0.7
Contained Unit
moz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade proven reserve intercept.

Positive factors

  • High grade (8.78 g/t Au)

Evidence · table

“8.78”

Context: 2.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

provenSoto Norte · silverTonnes: 2600000Grade: 37.1Grade Unit: g/tContained Metal: 3Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
silver
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:e5836172ed8379b60815
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
proven
Tonnes
2600000
Grade
37.1
Grade Unit
g/t
Contained Metal
3
Contained Unit
moz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Silver byproduct in proven reserve.

Evidence · table

“37.1”

Context: 2.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

provenSoto Norte · copperTonnes: 2600000Grade: 0.25Grade Unit: %Contained Metal: 14.2Contained Unit: mlbView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
copper
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:e5836172ed8379b60815
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
proven
Tonnes
2600000
Grade
0.25
Grade Unit
%
Contained Metal
14.2
Contained Unit
mlb
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Copper byproduct in proven reserve.

Evidence · table

“0.25”

Context: 2.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

probableSoto Norte · goldTonnes: 17700000Grade: 6.72Grade Unit: g/tContained Metal: 3.8Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
gold
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:8ac2d28897b7bfe7b6b4
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
probable
Tonnes
17700000
Grade
6.72
Grade Unit
g/t
Contained Metal
3.8
Contained Unit
moz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade probable reserve.

Positive factors

  • Strong grade (6.72 g/t Au)

Evidence · table

“6.72”

Context: 17.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

probableSoto Norte · silverTonnes: 17700000Grade: 31.4Grade Unit: g/tContained Metal: 17.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
silver
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:8ac2d28897b7bfe7b6b4
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
probable
Tonnes
17700000
Grade
31.4
Grade Unit
g/t
Contained Metal
17.9
Contained Unit
moz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Silver byproduct in probable reserve.

Evidence · table

“31.4”

Context: 17.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

probableSoto Norte · copperTonnes: 17700000Grade: 0.19Grade Unit: %Contained Metal: 75Contained Unit: mlbView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
copper
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
reserve
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:8ac2d28897b7bfe7b6b4
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
probable
Tonnes
17700000
Grade
0.19
Grade Unit
%
Contained Metal
75
Contained Unit
mlb
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Copper byproduct in probable reserve.

Evidence · table

“0.19”

Context: 17.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

measuredSoto Norte · goldTonnes: 3800000Grade: 7.99Grade Unit: g/tContained Metal: 1Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
gold
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:10513276442e3961a2ae
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
measured
Tonnes
3800000
Grade
7.99
Grade Unit
g/t
Contained Metal
1
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade measured resource.

Positive factors

  • Very high grade (7.99 g/t Au)

Evidence · table

“7.99”

Context: 3.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

measuredSoto Norte · silverTonnes: 3800000Grade: 36.8Grade Unit: g/tContained Metal: 4.6Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
silver
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:10513276442e3961a2ae
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
measured
Tonnes
3800000
Grade
36.8
Grade Unit
g/t
Contained Metal
4.6
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Silver byproduct in measured resource.

Evidence · table

“36.8”

Context: 3.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

measuredSoto Norte · copperTonnes: 3800000Grade: 0.25Grade Unit: %Contained Metal: 21.4Contained Unit: mlbView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
copper
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:10513276442e3961a2ae
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
measured
Tonnes
3800000
Grade
0.25
Grade Unit
%
Contained Metal
21.4
Contained Unit
mlb
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Copper byproduct in measured resource.

Evidence · table

“0.25”

Context: 3.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

indicatedSoto Norte · goldTonnes: 35200000Grade: 5.29Grade Unit: g/tContained Metal: 6Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
gold
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:861a975a825a17e80557
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
indicated
Tonnes
35200000
Grade
5.29
Grade Unit
g/t
Contained Metal
6
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade indicated resource.

Positive factors

  • Strong grade (5.29 g/t Au)

Evidence · table

“5.29”

Context: 35.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

indicatedSoto Norte · silverTonnes: 35200000Grade: 27.3Grade Unit: g/tContained Metal: 30.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
silver
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:861a975a825a17e80557
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
indicated
Tonnes
35200000
Grade
27.3
Grade Unit
g/t
Contained Metal
30.9
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Silver byproduct in indicated resource.

Evidence · table

“27.3”

Context: 35.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

indicatedSoto Norte · copperTonnes: 35200000Grade: 0.18Grade Unit: %Contained Metal: 137.8Contained Unit: mlbView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
copper
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:861a975a825a17e80557
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
indicated
Tonnes
35200000
Grade
0.18
Grade Unit
%
Contained Metal
137.8
Contained Unit
mlb
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Copper byproduct in indicated resource.

Evidence · table

“0.18”

Context: 35.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

inferredSoto Norte · goldTonnes: 25100000Grade: 4.81Grade Unit: g/tContained Metal: 3.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
gold
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:d3fac8aabf563690617d
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
inferred
Tonnes
25100000
Grade
4.81
Grade Unit
g/t
Contained Metal
3.9
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Inferred gold resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“4.81”

Context: 25.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

inferredSoto Norte · silverTonnes: 25100000Grade: 24.6Grade Unit: g/tContained Metal: 19.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
silver
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:d3fac8aabf563690617d
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
inferred
Tonnes
25100000
Grade
24.6
Grade Unit
g/t
Contained Metal
19.9
Contained Unit
moz
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Silver byproduct in inferred resource.

Evidence · table

“24.6”

Context: 25.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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

inferredSoto Norte · copperTonnes: 25100000Grade: 0.13Grade Unit: %Contained Metal: 74.5Contained Unit: mlbView all details
Link to this fact

Identity

Project
Soto Norte
Commodity
copper
Region
colombia
Reported Region
Santander, Colombia
Ticker
ARIS

Resource scope

Estimate type
resource
Effective date
2025-08-18T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Pamela De Mark
Resource group id
resource:d3fac8aabf563690617d
Deposit or zone
Soto Norte
Mining method
underground

Resource Data

Category
inferred
Tonnes
25100000
Grade
0.13
Grade Unit
%
Contained Metal
74.5
Contained Unit
mlb
Cutoff Grade
1.6
Cutoff Unit
g/t

Prior Estimate

Resource Date
2025-08-18

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Copper byproduct in inferred resource.

Evidence · table

“0.13”

Context: 25.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

PEA-Supportingneutral

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

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

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

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.