# Avrupa Minerals Files NI 43-101 Technical Report for Initial Mineral Resource Estimate for the Sesmarias Copper-Zinc Project, Portugal Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--940918b6-ba01-436a-a3b3-e995ec75b3a9 Original source: https://money.tmx.com/en/quote/AVU/news/8761311906709794/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es Publisher: tmx Original announcement: 2026-07-22T21:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Avrupa Minerals Ltd. - Ticker: AVU - Exchange: TSX - Region: Portugal - Primary commodity: Zinc - Secondary commodities: Lead, Copper, Silver - Document categories: Resource update - Extracted: 2026-08-20 19:56:20 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Avrupa Minerals has filed a NI 43-101 Technical Report for an initial Mineral Resource Estimate at the Sesmarias Copper-Zinc VMS project in Portugal. The maiden resource consists of 6.5 million tonnes of Inferred mineralization grading 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag. Reasoning: The company has released its first NI 43-101 technical report for the Sesmarias project, establishing a maiden resource, though it remains entirely in the Inferred category. - Positive factor: Maiden resource establishment - Positive factor: High-grade zinc \(2.9%\) - Positive factor: VMS deposit type - Negative factor: 100% Inferred category - Negative factor: Preliminary metallurgical testing only Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 4 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: This is the first formal MRE for the Sesmarias project as stated in the technical report filing. Evidence · text > initial Mineral Resource Estimate **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire resource is classified as Inferred, which is a speculative category. Evidence · text > Total Inferred Mineral Resource Estimate of 6.5 million tonnes **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Paul W. Kuhn, a Licensed Professional Geologist, is named as the Qualified Person who reviewed and prepared the report. Evidence · text > Paul W. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--940918b6-ba01-436a-a3b3-e995ec75b3a9#fact-resource-facts-0) zinc #### Identity - Commodity: zinc - Ticker: AVU #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 2.9 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: 2.9% Zn is a solid grade for a VMS deposit, but the resource is entirely Inferred. - Positive factor: Strong zinc grade for VMS - Negative factor: Inferred category only Evidence · text > Total Inferred Mineral Resource Estimate of 6.5 million tonnes grading 2.9% Zn ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--940918b6-ba01-436a-a3b3-e995ec75b3a9#fact-resource-facts-1) lead #### Identity - Commodity: lead - Ticker: AVU #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 1.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead is a significant byproduct in this VMS resource. - Negative factor: Inferred category only Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--940918b6-ba01-436a-a3b3-e995ec75b3a9#fact-resource-facts-2) copper #### Identity - Commodity: copper - Ticker: AVU #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 0.6 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Copper is a key component of the polymetallic VMS resource. - Negative factor: Inferred category only Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb, 0.6% Cu ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--940918b6-ba01-436a-a3b3-e995ec75b3a9#fact-resource-facts-3) silver #### Identity - Commodity: silver - Ticker: AVU #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 35 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Silver is reported as a byproduct grade. - Negative factor: Inferred category only Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag ## 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.