AuMEGA Metals Corporate Presentation - September 2026
Original announcement by prospectors_exchange on
- Company
- AuMEGA Metals Limited
- Ticker
- AUM
- Exchange
- Unavailable
- Region
- Newfoundland, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Lead, Zinc, Silver, Antimony
- Document categories
- Resource update, Other
- Extracted
- 2026-09-22 11:49:35 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
AuMEGA Metals has released a corporate presentation highlighting its Cape Ray Gold Project in Newfoundland, Canada, which hosts an existing Mineral Resource Estimate with 450 koz Au Indicated and 160 koz Au Inferred, effective February 2023. The company emphasizes its strong financial position with C$27M in cash and ongoing exploration activities at new targets like Isle aux Morts Granite and Bunker Hill, with assay results pending. The presentation serves to consolidate previously released information and outline future catalysts, rather than announcing new drill results or resource updates.
Reasoning: This corporate presentation re-states an existing gold resource estimate for the Cape Ray Gold Project, which is compliant with JORC and NI 43-101 standards and has disclosed cut-off grades. While the resource is somewhat stale (effective date Feb 2023) and includes a notable Inferred component, the company highlights a strong cash position and active exploration programs at new targets, suggesting future catalysts. The document itself does not contain new drill results or resource updates.
Positive factors
- Resource estimate is JORC and NI 43-101 compliant with QP/CP sign-off, indicating high reporting standards.
- Cut-off grades for both open pit and underground scenarios are clearly disclosed, enhancing transparency.
- Company has a strong treasury (C$27M cash) to fund ongoing exploration and development activities.
- Active exploration programs are underway at multiple targets (Isle aux Morts Granite, Bunker Hill) with assay results pending, indicating future news flow.
Negative factors
- The presented resource estimate has an effective date of February 2023, making it over two years old and potentially stale.
- A significant portion of the resource is in the Inferred category (160 koz Au), which carries lower geological confidence.
- The document is a corporate presentation re-presenting existing data rather than announcing new resource updates or drill results, limiting its novelty.
Facts used in scoring: 33
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: All scientific and technical information in this presentation has been prepared by or under the supervision of, or has been reviewed and approved by, a 'qualified person' within the meaning of National Instrument 43-101 and a 'Competent Person' as defined in the JORC Code, with Trevor Rabb, P.Geo., named as the responsible person.
Evidence · text
“All scientific and technical information in this presentation has been prepared by or under the supervision of, or has been reviewed and approved by, a "qualified person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and a "Competent Person" as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code").”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource estimate for the Cape Ray Gold Project was first reported in accordance with ASX Listing Rule 5.8 and is classified as Indicated and Inferred under the JORC Code 2012.
Evidence · text
“Mineral Resources are reported in accordance with the JORC Code 2012 and are classified as Indicated and Inferred”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical information is prepared under the supervision of a 'qualified person' within the meaning of National Instrument 43-101, and a technical report is available on SEDAR+.
Evidence · text
“All scientific and technical information in this presentation has been prepared by or under the supervision of, or has been reviewed and approved by, a "qualified person" within the meaning of National Instrument 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades of 0.30 g/t gold for open pit and 2.00 g/t gold for underground are explicitly stated for the Mineral Resources.
Evidence · text
“Mineral Resources are reported using a cut-off grade of 0.30 g/t gold for open pit and 2.00 g/t gold for underground.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Mineral Resources for the Cape Ray Gold Project have an effective date of 22 February 2023, while the presentation is dated September 2026, making the estimate over two years old.
Evidence · text
“The Mineral Resources for the Cape Ray Gold Project have an effective date of 22 February 2023.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes 160 koz Au in the Inferred category, which is a speculative category with lower geological confidence.
Evidence · text
“Inferred 160 koz Au”
Extracted facts
Stored fact records: 33. Some facts used in scoring do not have a stored record.
Resource Estimates (33)
indicatedCape Ray Gold Project · goldTonnes: 1205000Grade: 3.88Grade Unit: g/tContained Metal: 151Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:8b3a4397ee6f49d2a70e
- Deposit or zone
- Zone 4
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1205000
- Grade
- 3.88
- Grade Unit
- g/t
- Contained Metal
- 151
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a high-grade indicated open pit resource for Zone 4, contributing significantly to the overall indicated resource, but the estimate is not new.
Positive factors
- High grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Resource estimate is over two years old.
Evidence · table
“3.88”
Context: 1,205
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 546000Grade: 5.15Grade Unit: g/tContained Metal: 90Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:259339d67377d0c274e9
- Deposit or zone
- Zone 51
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 546000
- Grade
- 5.15
- Grade Unit
- g/t
- Contained Metal
- 90
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 51 shows very high-grade indicated open pit resources, contributing strongly to the project's overall grade profile, but the estimate is not new.
Positive factors
- Very high grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Resource estimate is over two years old.
Evidence · table
“5.15”
Context: 546
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 841000Grade: 2.04Grade Unit: g/tContained Metal: 55Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:ada87cfad35eb64ae229
- Deposit or zone
- Zone 41
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 841000
- Grade
- 2.04
- Grade Unit
- g/t
- Contained Metal
- 55
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 41 contributes a moderate-grade indicated open pit resource to the project, based on a previously reported estimate.
Positive factors
- Solid grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Resource estimate is over two years old.
Evidence · table
“2.04”
Context: 841
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 533000Grade: 0.99Grade Unit: g/tContained Metal: 17Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:d21ebdcddfed352a08f8
- Deposit or zone
- PW
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 533000
- Grade
- 0.99
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The PW zone contributes a lower-grade indicated open pit resource, which is part of the overall project estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is at the lower end for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“0.99”
Context: 533
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 70000Grade: 1.24Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:b7fd91c424831b9859a5
- Deposit or zone
- H Zone
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 70000
- Grade
- 1.24
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The H Zone represents a small indicated open pit resource, contributing marginally to the overall estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Small tonnage and contained metal for an indicated resource.
- Resource estimate is over two years old.
Evidence · table
“1.24”
Context: 70
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 3196000Grade: 3.07Grade Unit: g/tContained Metal: 316Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:f60efd0ae0a15079375b
- Deposit or zone
- Central Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 3196000
- Grade
- 3.07
- Grade Unit
- g/t
- Contained Metal
- 316
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Zone's open pit indicated resource is a material component of the project, showing good grade and tonnage, but is based on a previously reported estimate.
Positive factors
- Significant tonnage and high grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Resource estimate is over two years old.
Evidence · table
“3.07”
Context: 3,196
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 2512000Grade: 1.01Grade Unit: g/tContained Metal: 81Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:e9e11a581beff793a020
- Deposit or zone
- WGH
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2512000
- Grade
- 1.01
- Grade Unit
- g/t
- Contained Metal
- 81
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The WGH zone contributes a large tonnage of lower-grade indicated open pit resource, based on a previously reported estimate.
Positive factors
- Significant tonnage for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is at the lower end for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“1.01”
Context: 2,512
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 2512000Grade: 1.01Grade Unit: g/tContained Metal: 81Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:a611f52e04aacee530a1
- Deposit or zone
- WGH Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2512000
- Grade
- 1.01
- Grade Unit
- g/t
- Contained Metal
- 81
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The WGH zone's total open pit indicated resource is a large tonnage, lower-grade component of the project, based on a previously reported estimate.
Positive factors
- Significant tonnage for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is at the lower end for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“1.01”
Context: 2,512
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 220000Grade: 2.81Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:61f3fb2497bcc3f79a16
- Deposit or zone
- Isle Aux Morts
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 220000
- Grade
- 2.81
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Isle Aux Morts contributes a moderate-grade indicated open pit resource, based on a previously reported estimate.
Positive factors
- Good grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Small tonnage and contained metal for an indicated resource.
- Resource estimate is over two years old.
Evidence · table
“2.81”
Context: 220
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 14000Grade: 5.63Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:033ceb3d0d7718b6b0ef
- Deposit or zone
- Big Pond
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 14000
- Grade
- 5.63
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Big Pond shows a very high-grade indicated open pit resource, but its small scale limits its overall materiality.
Positive factors
- Very high grade for an open pit indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Very small tonnage and contained metal for an indicated resource.
- Resource estimate is over two years old.
Evidence · table
“5.63”
Context: 14
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 5943000Grade: 2.2Grade Unit: g/tContained Metal: 420Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:a200a0b3f65b14605afe
- Deposit or zone
- TOTAL OP INDICATED
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 5943000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 420
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total open pit indicated resource represents a substantial and well-defined portion of the project's gold endowment, based on a previously reported estimate.
Positive factors
- Significant total tonnage and contained metal for open pit indicated resources.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Resource estimate is over two years old.
Evidence · table
“2.20”
Context: 5,943
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 169000Grade: 2.89Grade Unit: g/tContained Metal: 16Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:bfddd20beb63b945bab7
- Deposit or zone
- Zone 4
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 169000
- Grade
- 2.89
- Grade Unit
- g/t
- Contained Metal
- 16
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 4 contributes a moderate-grade indicated underground resource, which is part of the overall project estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is moderate for an underground indicated resource.
- Resource estimate is over two years old.
Evidence · table
“2.89”
Context: 169
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 91000Grade: 4.7Grade Unit: g/tContained Metal: 14Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:43af898cb6e682440fa9
- Deposit or zone
- Zone 51
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 91000
- Grade
- 4.7
- Grade Unit
- g/t
- Contained Metal
- 14
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 51 provides a good-grade indicated underground resource, contributing to the project's overall resource base.
Positive factors
- Good grade for an underground indicated resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Small tonnage for an indicated resource.
- Resource estimate is over two years old.
Evidence · table
“4.70”
Context: 91
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 8000Grade: 2.82Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:abe2922770579690d6a7
- Deposit or zone
- Zone 41
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 8000
- Grade
- 2.82
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 41 contributes a very small indicated underground resource, with limited impact on the overall project.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Very small tonnage and contained metal for an indicated resource.
- Grade is moderate for an underground resource.
- Resource estimate is over two years old.
Evidence · table
“2.82”
Context: 8
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 268000Grade: 3.5Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:0f9f76fd53247b26290f
- Deposit or zone
- Central Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 268000
- Grade
- 3.5
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Zone's underground indicated resource provides a moderate-grade component to the project's overall resource base, based on a previously reported estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is moderate for an underground indicated resource.
- Resource estimate is over two years old.
Evidence · table
“3.50”
Context: 268
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedCape Ray Gold Project · goldTonnes: 268000Grade: 3.5Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:8d8d3dc5b290fad385be
- Deposit or zone
- TOTAL UG INDICATED
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 268000
- Grade
- 3.5
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total underground indicated resource provides a moderate-grade component to the project's overall resource base, based on a previously reported estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Grade is moderate for an underground indicated resource.
- Resource estimate is over two years old.
Evidence · table
“3.50”
Context: 268
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 180000Grade: 3.43Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:a9ce6aba302615d2ad19
- Deposit or zone
- Zone 4
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 180000
- Grade
- 3.43
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 4 contributes a good-grade inferred open pit resource, but its lower confidence category and age limit its immediate impact.
Positive factors
- Good grade for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“3.43”
Context: 180
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 51000Grade: 2.28Grade Unit: g/tContained Metal: 4Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:a23e085aa4a7e2af5fa9
- Deposit or zone
- Zone 51
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 51000
- Grade
- 2.28
- Grade Unit
- g/t
- Contained Metal
- 4
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 51 provides a small inferred open pit resource, with limited impact due to its category, size, and age.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Small tonnage and contained metal.
- Resource estimate is over two years old.
Evidence · table
“2.28”
Context: 51
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 104000Grade: 3.16Grade Unit: g/tContained Metal: 11Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:d0e92f3c57776dd6ea50
- Deposit or zone
- Zone 41
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 104000
- Grade
- 3.16
- Grade Unit
- g/t
- Contained Metal
- 11
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 41 contributes a good-grade inferred open pit resource, but its category and age limit its immediate impact.
Positive factors
- Good grade for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“3.16”
Context: 104
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 620000Grade: 1.32Grade Unit: g/tContained Metal: 26Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:d87fc47b3845c2e2e82b
- Deposit or zone
- PW
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 620000
- Grade
- 1.32
- Grade Unit
- g/t
- Contained Metal
- 26
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The PW zone contributes a large tonnage of lower-grade inferred open pit resource, which is part of the overall project estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Grade is at the lower end for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“1.32”
Context: 620
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 4000Grade: 0.81Grade Unit: g/tContained Metal: 0.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:71632fddb1df11330941
- Deposit or zone
- H Zone
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The H Zone represents a very small inferred open pit resource, with minimal impact on the overall project.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Very small tonnage and contained metal.
- Resource estimate is over two years old.
Evidence · table
“0.81”
Context: 4
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 959000Grade: 1.97Grade Unit: g/tContained Metal: 61Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:c01a05a742270665e440
- Deposit or zone
- Central Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 959000
- Grade
- 1.97
- Grade Unit
- g/t
- Contained Metal
- 61
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Zone's open pit inferred resource is a material component of the project, but its category and age limit its immediate impact.
Positive factors
- Significant tonnage and good grade for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“1.97”
Context: 959
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 1192000Grade: 0.98Grade Unit: g/tContained Metal: 37Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:20fa537841a629c29359
- Deposit or zone
- WGH
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1192000
- Grade
- 0.98
- Grade Unit
- g/t
- Contained Metal
- 37
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The WGH zone contributes a large tonnage of lower-grade inferred open pit resource, based on a previously reported estimate.
Positive factors
- Significant tonnage for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Grade is at the lower end for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“0.98”
Context: 1,192
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 842000Grade: 0.79Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:09274690b753427b6400
- Deposit or zone
- Angus
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 842000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Angus zone contributes a large tonnage of low-grade inferred open pit resource, based on a previously reported estimate.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Grade is low for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“0.79”
Context: 842
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 2034000Grade: 0.9Grade Unit: g/tContained Metal: 59Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:67df2b07ff938b6b7c8e
- Deposit or zone
- WGH Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2034000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 59
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The WGH zone's total open pit inferred resource is a large tonnage, lower-grade component of the project, based on a previously reported estimate.
Positive factors
- Significant tonnage for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Grade is low for an open pit resource.
- Resource estimate is over two years old.
Evidence · table
“0.90”
Context: 2,034
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 244000Grade: 1.93Grade Unit: g/tContained Metal: 15Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:35e718c82e28955ef7c4
- Deposit or zone
- Isle Aux Morts
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 244000
- Grade
- 1.93
- Grade Unit
- g/t
- Contained Metal
- 15
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Isle Aux Morts contributes a moderate-grade inferred open pit resource, based on a previously reported estimate.
Positive factors
- Good grade for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“1.93”
Context: 244
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 74000Grade: 2.5Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:48eeeaa5a00b58ff2a1a
- Deposit or zone
- Big Pond
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 74000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Big Pond shows a good-grade inferred open pit resource, but its small scale limits its overall materiality.
Positive factors
- Good grade for an open pit inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Very small tonnage and contained metal.
- Resource estimate is over two years old.
Evidence · table
“2.50”
Context: 74
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 3311000Grade: 1.32Grade Unit: g/tContained Metal: 141Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:23e287db1d7667858de8
- Deposit or zone
- TOTAL OP INFERRED
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 3311000
- Grade
- 1.32
- Grade Unit
- g/t
- Contained Metal
- 141
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total open pit inferred resource represents a substantial portion of the project's gold endowment, but its lower confidence category and age limit its immediate impact.
Positive factors
- Significant total tonnage and contained metal for open pit inferred resources.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“1.32”
Context: 3,311
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 21000Grade: 3.19Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:7c75713658703e9d9814
- Deposit or zone
- Zone 4
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 21000
- Grade
- 3.19
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 4 contributes a small inferred underground resource, with limited impact due to its category, size, and age.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Small tonnage and contained metal.
- Resource estimate is over two years old.
Evidence · table
“3.19”
Context: 21
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 80000Grade: 5.17Grade Unit: g/tContained Metal: 13Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:29e8ceeea84987952335
- Deposit or zone
- Zone 51
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 80000
- Grade
- 5.17
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 51 provides a good-grade inferred underground resource, contributing to the project's overall resource base.
Positive factors
- Good grade for an underground inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“5.17”
Context: 80
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 36000Grade: 3.29Grade Unit: g/tContained Metal: 4Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:8e640a049a03a7ed9c13
- Deposit or zone
- Zone 41
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 36000
- Grade
- 3.29
- Grade Unit
- g/t
- Contained Metal
- 4
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Zone 41 contributes a small inferred underground resource, with limited impact due to its category, size, and age.
Positive factors
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Small tonnage and contained metal.
- Resource estimate is over two years old.
Evidence · table
“3.29”
Context: 36
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 137000Grade: 4.38Grade Unit: g/tContained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:ab2c871eaa0b33caa660
- Deposit or zone
- Central Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 137000
- Grade
- 4.38
- Grade Unit
- g/t
- Contained Metal
- 19
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Zone's underground inferred resource provides a good-grade component to the project's overall resource base, based on a previously reported estimate.
Positive factors
- Good grade for an underground inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“4.38”
Context: 137
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredCape Ray Gold Project · goldTonnes: 137000Grade: 4.38Grade Unit: g/tContained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Cape Ray Gold Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland, Canada
- Ticker
- AUM
Resource scope
- Estimate type
- resource
- Effective date
- 2023-02-22T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Trevor Rabb
- Resource group id
- resource:351c74cf6df8522d2c07
- Deposit or zone
- TOTAL UG INFERRED
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 137000
- Grade
- 4.38
- Grade Unit
- g/t
- Contained Metal
- 19
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-02-22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total underground inferred resource provides a good-grade component to the project's overall resource base, based on a previously reported estimate.
Positive factors
- Good grade for an underground inferred resource.
- Part of a JORC/NI 43-101 compliant estimate with QP sign-off.
Negative factors
- Inferred category carries lower confidence.
- Resource estimate is over two years old.
Evidence · table
“4.38”
Context: 137
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 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.