AW1: Annual Report to Shareholders
Original announcement by asx on
- Company
- American West Metals Limited
- Ticker
- AW1
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Indium
- Secondary commodities
- Copper, Zinc, Gold, Silver, Gallium, Germanium, Tellurium, Lead
- Document categories
- Resource update, Drill results, Capital raise
- Extracted
- 2026-09-24 09:06:29 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
American West Metals Limited reported substantial progress across its North American projects, including a significant upgrade to the JORC Mineral Resource Estimate for the Storm Copper Project in Nunavut, with over 65% of contained metal now in the Indicated category. At the West Desert Project in Utah, the company announced a high-grade indium-zinc-gold discovery from its first drill hole, confirming the project's potential as a critical minerals opportunity. These operational advancements were supported by successful capital raises totaling A$17.0 million.
Reasoning: The company reported significant resource growth and confidence upgrades for the Storm Copper Project, alongside high-grade critical mineral discoveries at the West Desert Project, supported by successful capital raises.
Positive factors
- Significant resource growth and confidence upgrade for Storm Copper Project
- High-grade critical mineral discoveries at West Desert Project
- Successful capital raises strengthening financial position
- Advancement of Pre-Feasibility Study for Storm
Negative factors
- Going concern uncertainty noted by auditor
- Historical and non-JORC compliant estimate for Seal Project
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 106
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: More than 65% of the contained metal in the Storm MRE is now classified in the Indicated category, up from 51% in the prior estimate.
Evidence · text
“more than 65% of the contained metal is now classified in the Indicated category.”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The Storm MRE shows a 20% increase in contained copper and a 36% increase in contained silver over the previous estimate.
Evidence · text
“This represents a 20% increase in contained copper and a 36% increase in contained silver over the previous estimate”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Storm and West Desert Mineral Resource Estimates are reported in accordance with the 2012 Edition of the JORC Code.
Evidence · text
“The updated JORC (2012) compliant Indicated and Inferred MRE for Storm”
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: The Storm MRE was compiled and signed off by Kevin Hon, Christopher Livingstone, Warren Black, and Steve Nicholls, all Competent Persons. The West Desert MRE was signed off by Allan Schappert, a Competent Person. Exploration Results were signed off by Dave O’Neill, a Competent Person.
Evidence · text
“The information in this announcement that relates to the estimate of Mineral Resources for the Storm Project is based upon, and fairly represents, information and supporting documentation compiled and reviewed by Mr. Kevin Hon, P.Geo., Senior Geologist, Mr. Christopher Livingstone, P.Geo, Senior Geologist, Mr. Warren Black, P.Geo., Senior Geologist and Geostatistician, and Mr. Steve Nicholls, MAIG, Senior Resource Geologist, all employees of APEX Geoscience Ltd. and Competent Persons.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an updated JORC (2012) compliant Indicated and Inferred Mineral Resource Estimate for the Storm Copper Project.
Evidence · text
“The updated JORC (2012) compliant Indicated and Inferred MRE for Storm was completed by international geological consulting company APEX Geoscience Ltd and reported to the ASX on 21 January 2026.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The West Desert Indium and Gold resource is entirely classified as Inferred.
Evidence · table
“Inferred”
Context: 15,531,071
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Drill hole PFS-002 intersected a peak interval of 0.5m @ 27.3% Cu and 80g/t Ag, which is exceptionally high-grade.
Evidence · text
“peak interval of 0.5m @ 27.3% Cu, 80g/t Ag”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drill hole WD26-01 intersected mineralization approximately 430 m east of the existing deposit within a previously untested magnetic anomaly, confirming potential for extension.
Evidence · text
“WD26-01, intersected a continuous 108 m interval averaging 25 g/t indium... approximately 430 m east of the existing deposit within a previously untested magnetic anomaly, confirming the potential for mineralisation to extend well beyond the current Mineral Resource.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document refers to JORC compliance and Competent Person statements for exploration results, implying QA/QC procedures are in place.
Evidence · text
“The Company confirms that it is not aware of any new information or data that materially affects the results included in the original market announcements referred to in this Announcement and that no material change in the results has occurred. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Seal Project's estimate is described as historical/foreign in nature and not reported in accordance with the guidelines of the JORC Code.
Evidence · text
“During 2018, a maiden estimate was prepared under NI 43-101 guidelines for the Seal zinc-silver deposit by P&E Mining Consultants Inc. (P&E, 2018). The estimate is historical/foreign in nature and is not reported in accordance with the guidelines of the JORC Code.”
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: The Storm MRE was updated using a 0.25% Cu cut-off, which is lower than the previous 0.35% Cu cut-off.
Evidence · text
“Total unconstrained 2025 and 2026 MREs of the Storm Project using a 0.35% Cu cut-off (2025) and a 0.25% Cu cut-off (2026).”
Extracted facts
Stored fact records: 106. Some facts used in scoring do not have a stored record.
Drill Results (3)
SR25-012Storm · copperGrade: 3.6Grade Unit: %Intercept: 1.5 mView all detailsHide details
Identity
- Hole ID
- SR25-012
- Project
- Storm
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- canada_nu
- Ticker
- AW1
Geometry
- Grade
- 3.6
- Grade Unit
- %
- Intercept
- 1.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Lower Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This sub-interval within SR25-012 represents a bonanza copper intercept, significantly exceeding the project average and further expanding the high-grade zone at Squall.
Positive factors
- Bonanza Intercept
- Exceptional copper grade, significantly higher than project average
- Expands high-grade copper zone at Squall Prospect
- JORC compliant and QP signed
Evidence · text
“1.5m @ 3.6% Cu”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
SR25-010Storm · silverGrade: 2.2Grade Unit: g/tIntercept: 7.6 mView all detailsHide details
Identity
- Hole ID
- SR25-010
- Project
- Storm
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- canada_nu
- Ticker
- AW1
Geometry
- Grade
- 2.2
- Grade Unit
- g/t
- Intercept
- 7.6 m
- From
- 73.2 m
- To
- 80.8 m
- Intercept Depth
- 73.2 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- SR25-010:73.2-80.8
- Mining Method
- open_pit
Location
- Location
- Lower Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Drill hole SR25-010 returned a moderate silver intercept, confirming expansion potential at The Gap, although the grade is below the project average.
Positive factors
- Moderate silver grade and good intercept length
- Confirms expansion potential at The Gap
- JORC compliant and QP signed
Negative factors
- Grade is lower than project average
Evidence · text
“2.2g/t Ag from 73.2m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
WD26-01West Desert · indiumGrade: 25Grade Unit: g/tIntercept: 108 mView all detailsHide details
Identity
- Hole ID
- WD26-01
- Project
- West Desert
- Commodity
- indium
- Region
- usa_ut
- Reported Region
- usa_ut
- Ticker
- AW1
Geometry
- Grade
- 25
- Grade Unit
- g/t
- Intercept
- 108 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
Location
- Location
- Lower Zone
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Drill hole WD26-01 made a significant indium discovery with an exceptional intercept length and grade-thickness product, extending mineralization well beyond the current resource and confirming potential for new zones, despite a lower average grade than previous best.
Positive factors
- Significant indium discovery, extending mineralization 430m east of existing deposit
- Exceptional intercept length, much greater than prior best
- High grade-thickness product (2700 g/t*m) compared to prior best (403.3 g/t*m)
- Confirms potential for mineralization well beyond current MRE
- JORC compliant and QP signed
Negative factors
- Grade is lower than project average (25 g/t vs 88.05 g/t)
Evidence · text
“continuous 108 m interval averaging 25 g/t indium”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (103)
inferredStorm Copper Project · copperTonnes: 4540000Grade: 0.95Grade Unit: %Contained Metal: 43300Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:e2e7ec848425f269bf55
- Deposit or zone
- Cyclone
Resource Data
- Category
- inferred
- Tonnes
- 4540000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 43300
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 3335000
- Prior Grade
- 1.03
- Prior Contained Metal
- 34200
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cyclone Inferred copper resource shows a significant increase in tonnage and contained metal, although the grade slightly decreased and the cut-off grade was lowered, indicating growth in the resource.
Positive factors
- Significant increase in tonnage and contained copper for Inferred category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade slightly decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“0.95”
Context: 4,540,000
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 4540000 against 3335000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.95 against 1.03 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 43300 against 34200 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 4540000Grade: 3.94Grade Unit: g/tContained Metal: 575600Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:e2e7ec848425f269bf55
- Deposit or zone
- Cyclone
Resource Data
- Category
- inferred
- Tonnes
- 4540000
- Grade
- 3.94
- Grade Unit
- g/t
- Contained Metal
- 575600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 3335000
- Prior Grade
- 3.76
- Prior Contained Metal
- 403300
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cyclone Inferred silver resource shows a significant increase in tonnage, grade, and contained metal, indicating strong growth in the resource, despite a lowered copper equivalent cut-off grade.
Positive factors
- Significant increase in tonnage, grade, and contained silver for Inferred category
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“3.94”
Context: 4,540,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 4540000 against 3335000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 575600 against 403300 previously
indicatedStorm Copper Project · copperTonnes: 12420000Grade: 1.1Grade Unit: %Contained Metal: 136500Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:0da1f95fa2a140435358
- Deposit or zone
- Cyclone
Resource Data
- Category
- indicated
- Tonnes
- 12420000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 136500
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 9761000
- Prior Grade
- 1.24
- Prior Contained Metal
- 121500
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cyclone Indicated copper resource shows a significant increase in tonnage and contained metal, providing a stronger foundation for mine planning, although the grade decreased and the cut-off grade was lowered.
Positive factors
- Significant increase in tonnage and contained copper for Indicated category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.10”
Context: 12,420,000
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 12420000 against 9761000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.1 against 1.24 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 136500 against 121500 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
indicatedStorm Copper Project · silverTonnes: 12420000Grade: 3.82Grade Unit: g/tContained Metal: 1527000Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:0da1f95fa2a140435358
- Deposit or zone
- Cyclone
Resource Data
- Category
- indicated
- Tonnes
- 12420000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 1527000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 9761000
- Prior Grade
- 4.11
- Prior Contained Metal
- 1289400
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cyclone Indicated silver resource shows a significant increase in tonnage and contained metal, providing a stronger foundation for mine planning, although the grade slightly decreased and the cut-off grade was lowered.
Positive factors
- Significant increase in tonnage and contained silver for Indicated category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade slightly decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“3.82”
Context: 12,420,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 12420000 against 9761000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 3.82 against 4.11 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1527000 against 1289400 previously
inferredStorm Copper Project · copperTonnes: 700000Grade: 0.56Grade Unit: %Contained Metal: 4000Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:a21dbf254195a0ce5247
- Deposit or zone
- Chinook
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 0.56
- Grade Unit
- %
- Contained Metal
- 4000
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 913000
- Prior Grade
- 0.81
- Prior Contained Metal
- 7400
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Chinook Inferred copper resource shows a significant decrease in tonnage, grade, and contained metal compared to the prior estimate, which is concerning given the lowered cut-off grade.
Positive factors
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage, grade, and contained copper compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“0.56”
Context: 700,000
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 700000 against 913000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.56 against 0.81 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4000 against 7400 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 700000Grade: 2.63Grade Unit: g/tContained Metal: 59600Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:a21dbf254195a0ce5247
- Deposit or zone
- Chinook
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 2.63
- Grade Unit
- g/t
- Contained Metal
- 59600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 913000
- Prior Grade
- 2.85
- Prior Contained Metal
- 83700
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Chinook Inferred silver resource shows a significant decrease in tonnage, grade, and contained metal compared to the prior estimate, which is concerning given the lowered cut-off grade.
Positive factors
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage, grade, and contained silver compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“2.63”
Context: 700,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 700000 against 913000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.63 against 2.85 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 59600 against 83700 previously
indicatedStorm Copper Project · copperTonnes: 1040000Grade: 1.62Grade Unit: %Contained Metal: 16900Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:a8b90d561ae99dc82e17
- Deposit or zone
- Chinook
Resource Data
- Category
- indicated
- Tonnes
- 1040000
- Grade
- 1.62
- Grade Unit
- %
- Contained Metal
- 16900
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 857000
- Prior Grade
- 1.92
- Prior Contained Metal
- 16500
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Chinook Indicated copper resource shows an increase in tonnage and contained metal, providing a stronger foundation, although the grade decreased and the cut-off grade was lowered.
Positive factors
- Increase in tonnage and contained copper for Indicated category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.62”
Context: 1,040,000
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 1040000 against 857000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.62 against 1.92 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 16900 from 16500
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
indicatedStorm Copper Project · silverTonnes: 1040000Grade: 3.82Grade Unit: g/tContained Metal: 127800Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:a8b90d561ae99dc82e17
- Deposit or zone
- Chinook
Resource Data
- Category
- indicated
- Tonnes
- 1040000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 127800
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 857000
- Prior Grade
- 4.37
- Prior Contained Metal
- 120200
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Chinook Indicated silver resource shows an increase in tonnage and contained metal, providing a stronger foundation, although the grade decreased and the cut-off grade was lowered.
Positive factors
- Increase in tonnage and contained silver for Indicated category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“3.82”
Context: 1,040,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 1040000 against 857000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 3.82 against 4.37 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 127800 against 120200 previously
inferredStorm Copper Project · copperTonnes: 1360000Grade: 0.65Grade Unit: %Contained Metal: 8900Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1e00a802bdf4e0623f13
- Deposit or zone
- Corona
Resource Data
- Category
- inferred
- Tonnes
- 1360000
- Grade
- 0.65
- Grade Unit
- %
- Contained Metal
- 8900
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1880000
- Prior Grade
- 0.85
- Prior Contained Metal
- 15900
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Corona Inferred copper resource shows a significant decrease in tonnage, grade, and contained metal compared to the prior estimate, which is concerning given the lowered cut-off grade.
Positive factors
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage, grade, and contained copper compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“0.65”
Context: 1,360,000
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1360000 against 1880000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.65 against 0.85 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 8900 against 15900 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 1360000Grade: 2Grade Unit: g/tContained Metal: 87500Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1e00a802bdf4e0623f13
- Deposit or zone
- Corona
Resource Data
- Category
- inferred
- Tonnes
- 1360000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 87500
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1880000
- Prior Grade
- 1.51
- Prior Contained Metal
- 91500
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Corona Inferred silver resource shows a significant decrease in tonnage and contained metal, despite an increase in grade, which is concerning given the lowered cut-off grade.
Positive factors
- Grade increased compared to prior estimate
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage and contained silver compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“2.00”
Context: 1,360,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1360000 against 1880000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 2 against 1.51 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 87500 against 91500 previously
indicatedStorm Copper Project · copperTonnes: 1220000Grade: 0.91Grade Unit: %Contained Metal: 11200Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1bd6216e8f9c75621f0a
- Deposit or zone
- Corona
Resource Data
- Category
- indicated
- Tonnes
- 1220000
- Grade
- 0.91
- Grade Unit
- %
- Contained Metal
- 11200
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Corona deposit now has an Indicated copper resource, which is a positive step in de-risking the project, although the cut-off grade was lowered.
Positive factors
- New Indicated resource for Corona deposit
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“0.91”
Context: 1,220,000
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
indicatedStorm Copper Project · silverTonnes: 1220000Grade: 2.85Grade Unit: g/tContained Metal: 112100Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1bd6216e8f9c75621f0a
- Deposit or zone
- Corona
Resource Data
- Category
- indicated
- Tonnes
- 1220000
- Grade
- 2.85
- Grade Unit
- g/t
- Contained Metal
- 112100
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Corona deposit now has an Indicated silver resource, which is a positive step in de-risking the project, although the cut-off grade was lowered.
Positive factors
- New Indicated resource for Corona deposit
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“2.85”
Context: 1,220,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
inferredStorm Copper Project · copperTonnes: 1500000Grade: 0.58Grade Unit: %Contained Metal: 8600Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:8b8742a1267ac158e000
- Deposit or zone
- Thunder
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 8600
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1824000
- Prior Grade
- 1.04
- Prior Contained Metal
- 19000
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Thunder Inferred copper resource shows a significant decrease in tonnage, grade, and contained metal compared to the prior estimate, which is concerning given the lowered cut-off grade.
Positive factors
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage, grade, and contained copper compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“0.58”
Context: 1,500,000
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1500000 against 1824000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.58 against 1.04 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 8600 against 19000 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 1500000Grade: 1.24Grade Unit: g/tContained Metal: 60000Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:8b8742a1267ac158e000
- Deposit or zone
- Thunder
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 1.24
- Grade Unit
- g/t
- Contained Metal
- 60000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1824000
- Prior Grade
- 1.55
- Prior Contained Metal
- 90800
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Thunder Inferred silver resource shows a significant decrease in tonnage, grade, and contained metal compared to the prior estimate, which is concerning given the lowered cut-off grade.
Positive factors
- New estimate is JORC compliant and QP signed
Negative factors
- Significant decrease in tonnage, grade, and contained silver compared to prior estimate
- Cut-off grade was lowered, which should have increased tonnage
Evidence · table
“1.24”
Context: 1,500,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1500000 against 1824000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.24 against 1.55 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 60000 against 90800 previously
indicatedStorm Copper Project · copperTonnes: 1250000Grade: 1.22Grade Unit: %Contained Metal: 15300Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1c216c0183b583c416df
- Deposit or zone
- Thunder
Resource Data
- Category
- indicated
- Tonnes
- 1250000
- Grade
- 1.22
- Grade Unit
- %
- Contained Metal
- 15300
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Thunder deposit now has an Indicated copper resource, which is a positive step in de-risking the project, although the cut-off grade was lowered.
Positive factors
- New Indicated resource for Thunder deposit
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.22”
Context: 1,250,000
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
indicatedStorm Copper Project · silverTonnes: 1250000Grade: 1.83Grade Unit: g/tContained Metal: 73600Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:1c216c0183b583c416df
- Deposit or zone
- Thunder
Resource Data
- Category
- indicated
- Tonnes
- 1250000
- Grade
- 1.83
- Grade Unit
- g/t
- Contained Metal
- 73600
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Thunder deposit now has an Indicated silver resource, which is a positive step in de-risking the project, although the cut-off grade was lowered.
Positive factors
- New Indicated resource for Thunder deposit
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.83”
Context: 1,250,000
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
inferredStorm Copper Project · copperTonnes: 2650000Grade: 0.63Grade Unit: %Contained Metal: 16700Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:5596f3ff99f0a00dc5a2
- Deposit or zone
- Cirrus
Resource Data
- Category
- inferred
- Tonnes
- 2650000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 16700
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1552000
- Prior Grade
- 0.62
- Prior Contained Metal
- 9600
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cirrus Inferred copper resource shows a significant increase in tonnage and contained metal with a slight grade improvement, indicating growth in the resource, despite a lowered cut-off grade.
Positive factors
- Significant increase in tonnage and contained copper for Inferred category
- Grade slightly increased compared to prior estimate
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“0.63”
Context: 2,650,000
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 2650000 against 1552000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 16700 against 9600 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 2650000Grade: 1.43Grade Unit: g/tContained Metal: 122300Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:5596f3ff99f0a00dc5a2
- Deposit or zone
- Cirrus
Resource Data
- Category
- inferred
- Tonnes
- 2650000
- Grade
- 1.43
- Grade Unit
- g/t
- Contained Metal
- 122300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 1552000
- Prior Grade
- 1.29
- Prior Contained Metal
- 64300
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Cirrus Inferred silver resource shows a significant increase in tonnage, grade, and contained metal, indicating strong growth in the resource, despite a lowered copper equivalent cut-off grade.
Positive factors
- Significant increase in tonnage, grade, and contained silver for Inferred category
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.43”
Context: 2,650,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 2650000 against 1552000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 1.43 against 1.29 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 122300 against 64300 previously
inferredStorm Copper Project · copperTonnes: 700000Grade: 1.26Grade Unit: %Contained Metal: 8800Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:73c6f07ccbcac32cfa6c
- Deposit or zone
- Gap
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 1.26
- Grade Unit
- %
- Contained Metal
- 8800
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Gap Deposit has been added to the MRE with a new Inferred copper resource, representing a positive expansion of the overall resource base, although the cut-off grade was lowered.
Positive factors
- Maiden resource for the Gap Deposit, adding new mineralization to the MRE
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“1.26”
Context: 700,000
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
inferredStorm Copper Project · silverTonnes: 700000Grade: 4.99Grade Unit: g/tContained Metal: 112600Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:73c6f07ccbcac32cfa6c
- Deposit or zone
- Gap
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 4.99
- Grade Unit
- g/t
- Contained Metal
- 112600
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Gap Deposit has been added to the MRE with a new Inferred silver resource, representing a positive expansion of the overall resource base, although the cut-off grade was lowered.
Positive factors
- Maiden resource for the Gap Deposit, adding new mineralization to the MRE
- New estimate is JORC compliant and QP signed
Negative factors
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“4.99”
Context: 700,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
inferredStorm Copper Project · copperTonnes: 810000Grade: 0.73Grade Unit: %Contained Metal: 5900Contained Unit: tView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- copper
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:36b22c1ca8ab00e3687b
- Deposit or zone
- Lightning Ridge
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 5900
- Contained Unit
- t
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 491000
- Prior Grade
- 0.93
- Prior Contained Metal
- 4600
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Lightning Ridge Inferred copper resource shows an increase in tonnage and contained metal, although the grade decreased and the cut-off grade was lowered.
Positive factors
- Increase in tonnage and contained copper for Inferred category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“0.73”
Context: 810,000
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 810000 against 491000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.73 against 0.93 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 5900 against 4600 previously
Cut-off Lowerednegative
Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.35 previously
inferredStorm Copper Project · silverTonnes: 810000Grade: 4.11Grade Unit: g/tContained Metal: 107400Contained Unit: ozView all detailsHide details
Identity
- Project
- Storm Copper Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kevin Hon, Christopher Livingstone, Warren Black, Steve Nicholls
- Resource group id
- resource:36b22c1ca8ab00e3687b
- Deposit or zone
- Lightning Ridge
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 4.11
- Grade Unit
- g/t
- Contained Metal
- 107400
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-01-21
- Prior Tonnes
- 491000
- Prior Grade
- 4.37
- Prior Contained Metal
- 69000
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Lightning Ridge Inferred silver resource shows a significant increase in tonnage and contained metal, although the grade slightly decreased and the cut-off grade was lowered.
Positive factors
- Significant increase in tonnage and contained silver for Inferred category
- New estimate is JORC compliant and QP signed
Negative factors
- Grade slightly decreased compared to prior estimate
- Cut-off grade was lowered, which can inflate tonnage
Evidence · table
“4.11”
Context: 810,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 810000 against 491000 previously
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 4.11 against 4.37 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 107400 against 69000 previously
indicatedWest Desert Project · zincTonnes: 27349163Grade: 1037278Grade Unit: tContained Metal: 1037278Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:c42ea458576e86681df2
Resource Data
- Category
- indicated
- Tonnes
- 27349163
- Grade
- 1037278
- Grade Unit
- t
- Contained Metal
- 1037278
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a large Indicated zinc resource, providing a strong foundation for future development, with no changes reported in the current year.
Positive factors
- Large Indicated zinc resource
- JORC compliant and QP signed
Evidence · table
“1,037,278”
Context: 27,349,163
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
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
indicatedWest Desert Project · copperTonnes: 27349163Grade: 0.14Grade Unit: %Contained Metal: 40588Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:c42ea458576e86681df2
Resource Data
- Category
- indicated
- Tonnes
- 27349163
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 40588
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a significant Indicated copper resource, contributing to the overall project value, with no changes reported in the current year.
Positive factors
- Significant Indicated copper resource
- JORC compliant and QP signed
Evidence · table
“0.14”
Context: 27,349,163
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
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
indicatedWest Desert Project · silverTonnes: 27349163Grade: 9.53Grade Unit: g/tContained Metal: 8376494Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:c42ea458576e86681df2
Resource Data
- Category
- indicated
- Tonnes
- 27349163
- Grade
- 9.53
- Grade Unit
- g/t
- Contained Metal
- 8376494
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a significant Indicated silver resource, contributing to the overall project value, with no changes reported in the current year.
Positive factors
- Significant Indicated silver resource
- JORC compliant and QP signed
Evidence · table
“9.53”
Context: 27,349,163
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
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
inferredWest Desert Project · zincTonnes: 6318875Grade: 253626Grade Unit: tContained Metal: 253626Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:e9b1ca8eccec80e300eb
Resource Data
- Category
- inferred
- Tonnes
- 6318875
- Grade
- 253626
- Grade Unit
- t
- Contained Metal
- 253626
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes a substantial Inferred zinc resource, indicating future potential, though it requires further drilling to upgrade confidence.
Positive factors
- Substantial Inferred zinc resource
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“253,626”
Context: 6,318,875
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
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
inferredWest Desert Project · copperTonnes: 6318875Grade: 0.13Grade Unit: %Contained Metal: 8465Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:e9b1ca8eccec80e300eb
Resource Data
- Category
- inferred
- Tonnes
- 6318875
- Grade
- 0.13
- Grade Unit
- %
- Contained Metal
- 8465
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes an Inferred copper resource, adding to the polymetallic nature of the deposit, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred copper resource contributes to overall project value
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.13”
Context: 6,318,875
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
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
inferredWest Desert Project · silverTonnes: 6318875Grade: 7.13Grade Unit: g/tContained Metal: 1440285Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:e9b1ca8eccec80e300eb
Resource Data
- Category
- inferred
- Tonnes
- 6318875
- Grade
- 7.13
- Grade Unit
- g/t
- Contained Metal
- 1440285
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn equivalent
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes an Inferred silver resource, adding to the polymetallic nature of the deposit, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred silver resource contributes to overall project value
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“7.13”
Context: 6,318,875
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
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
inferredWest Desert Project · indiumTonnes: 15531071Grade: 10.8Grade Unit: g/tContained Metal: 5916698Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- indium
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:0317e2a77c4b19051b84
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 15531071
- Grade
- 10.8
- Grade Unit
- g/t
- Contained Metal
- 5916698
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a large Inferred indium resource in open-pit oxide material, highlighting its critical mineral potential, with no changes reported in the current year.
Positive factors
- Large Inferred indium resource in open-pit oxide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“10.8”
Context: 15,531,071
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · goldTonnes: 15531071Grade: 0.09Grade Unit: g/tContained Metal: 49306Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- gold
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:0317e2a77c4b19051b84
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 15531071
- Grade
- 0.09
- Grade Unit
- g/t
- Contained Metal
- 49306
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes an Inferred gold resource in open-pit oxide material, contributing to the overall project value, with no changes reported in the current year.
Positive factors
- Inferred gold resource in open-pit oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.09”
Context: 15,531,071
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · indiumTonnes: 3140102Grade: 23.89Grade Unit: g/tContained Metal: 2646148Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- indium
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:45d8516e8f3ef1614f0e
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 23.89
- Grade Unit
- g/t
- Contained Metal
- 2646148
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a high-grade Inferred indium resource in open-pit sulphide material, highlighting its critical mineral potential, with no changes reported in the current year.
Positive factors
- High-grade Inferred indium resource in open-pit sulphide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“23.89”
Context: 3,140,102
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · goldTonnes: 3140102Grade: 0.1Grade Unit: g/tContained Metal: 11076Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- gold
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:45d8516e8f3ef1614f0e
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 11076
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes an Inferred gold resource in open-pit sulphide material, contributing to the overall project value, with no changes reported in the current year.
Positive factors
- Inferred gold resource in open-pit sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.10”
Context: 3,140,102
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · indiumTonnes: 14996864Grade: 28.73Grade Unit: g/tContained Metal: 15198136Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- indium
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:073f6a0472441c162852
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 14996864
- Grade
- 28.73
- Grade Unit
- g/t
- Contained Metal
- 15198136
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a very high-grade Inferred indium resource in underground sulphide material, highlighting its significant critical mineral potential, with no changes reported in the current year.
Positive factors
- Very high-grade Inferred indium resource in underground sulphide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“28.73”
Context: 14,996,864
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · goldTonnes: 14996864Grade: 0.12Grade Unit: g/tContained Metal: 63480Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- gold
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:073f6a0472441c162852
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 14996864
- Grade
- 0.12
- Grade Unit
- g/t
- Contained Metal
- 63480
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project includes an Inferred gold resource in underground sulphide material, contributing to the overall project value, with no changes reported in the current year.
Positive factors
- Inferred gold resource in underground sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.12”
Context: 14,996,864
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredSeal Project · zincHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Seal Project
- Commodity
- zinc
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:7c241bf92c672cae046a
Resource Data
- Category
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Seal Project's historical zinc estimate is not JORC compliant and lacks current verification, making it a low-confidence and low-materiality item in this report.
Positive factors
- Indicates historical potential for zinc mineralization
Negative factors
- Historical Estimate Only
- Not JORC Compliant
- No tonnage or grade provided in this document
- Limited work undertaken to verify estimates
Evidence · text
“maiden estimate was prepared under NI 43-101 guidelines for the Seal zinc-silver deposit by P&E Mining Consultants Inc. (P&E, 2018). The estimate is historical/foreign in nature and is not reported in accordance with the guidelines of the JORC Code.”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.7 years before this release
inferredSeal Project · silverHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Seal Project
- Commodity
- silver
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Resource group id
- resource:7c241bf92c672cae046a
Resource Data
- Category
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Seal Project's historical silver estimate is not JORC compliant and lacks current verification, making it a low-confidence and low-materiality item in this report.
Positive factors
- Indicates historical potential for silver mineralization
Negative factors
- Historical Estimate Only
- Not JORC Compliant
- No tonnage or grade provided in this document
- Limited work undertaken to verify estimates
Evidence · text
“maiden estimate was prepared under NI 43-101 guidelines for the Seal zinc-silver deposit by P&E Mining Consultants Inc. (P&E, 2018). The estimate is historical/foreign in nature and is not reported in accordance with the guidelines of the JORC Code.”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.7 years before this release
inferredTotal unconstrained MRE of the Storm · copperTonnes: 4540000Grade: 0.95Grade Unit: %Contained Metal: 43300Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:654275fb2f2c52d36d90
Resource Data
- Category
- inferred
- Tonnes
- 4540000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 43300
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.95”
Context: 4,540,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 4540000Grade: 3.94Grade Unit: g/tContained Metal: 575600Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:654275fb2f2c52d36d90
Resource Data
- Category
- inferred
- Tonnes
- 4540000
- Grade
- 3.94
- Grade Unit
- g/t
- Contained Metal
- 575600
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.94”
Context: 4,540,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · copperTonnes: 12420000Grade: 1.1Grade Unit: %Contained Metal: 136500Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b8c1b7b03fb555fa51bb
Resource Data
- Category
- indicated
- Tonnes
- 12420000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 136500
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.10”
Context: 12,420,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · silverTonnes: 12420000Grade: 3.82Grade Unit: g/tContained Metal: 1527000Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b8c1b7b03fb555fa51bb
Resource Data
- Category
- indicated
- Tonnes
- 12420000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 1527000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.82”
Context: 12,420,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · copperTonnes: 700000Grade: 1.26Grade Unit: %Contained Metal: 8800Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:22ff91c56ae7a7f1ff1a
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 1.26
- Grade Unit
- %
- Contained Metal
- 8800
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.26”
Context: 700,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 700000Grade: 4.99Grade Unit: g/tContained Metal: 112600Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:22ff91c56ae7a7f1ff1a
Resource Data
- Category
- inferred
- Tonnes
- 700000
- Grade
- 4.99
- Grade Unit
- g/t
- Contained Metal
- 112600
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.99”
Context: 700,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · copperTonnes: 1040000Grade: 1.62Grade Unit: %Contained Metal: 16900Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cb17d4f3476351827770
Resource Data
- Category
- indicated
- Tonnes
- 1040000
- Grade
- 1.62
- Grade Unit
- %
- Contained Metal
- 16900
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.62”
Context: 1,040,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · silverTonnes: 1040000Grade: 3.82Grade Unit: g/tContained Metal: 127800Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cb17d4f3476351827770
Resource Data
- Category
- indicated
- Tonnes
- 1040000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 127800
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.82”
Context: 1,040,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · copperTonnes: 1360000Grade: 0.65Grade Unit: %Contained Metal: 8900Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e91dced840f11bcdcbff
Resource Data
- Category
- inferred
- Tonnes
- 1360000
- Grade
- 0.65
- Grade Unit
- %
- Contained Metal
- 8900
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.65”
Context: 1,360,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 1360000Grade: 2Grade Unit: g/tContained Metal: 87500Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e91dced840f11bcdcbff
Resource Data
- Category
- inferred
- Tonnes
- 1360000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 87500
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.00”
Context: 1,360,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · copperTonnes: 1220000Grade: 0.91Grade Unit: %Contained Metal: 11200Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:164f94f95b837792fcc9
Resource Data
- Category
- indicated
- Tonnes
- 1220000
- Grade
- 0.91
- Grade Unit
- %
- Contained Metal
- 11200
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.91”
Context: 1,220,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · silverTonnes: 1220000Grade: 2.85Grade Unit: g/tContained Metal: 112100Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:164f94f95b837792fcc9
Resource Data
- Category
- indicated
- Tonnes
- 1220000
- Grade
- 2.85
- Grade Unit
- g/t
- Contained Metal
- 112100
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.85”
Context: 1,220,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · copperTonnes: 1500000Grade: 0.58Grade Unit: %Contained Metal: 8600Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:70fdf4afdfb2272b7d60
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 8600
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.58”
Context: 1,500,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 1500000Grade: 1.24Grade Unit: g/tContained Metal: 60000Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:70fdf4afdfb2272b7d60
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 1.24
- Grade Unit
- g/t
- Contained Metal
- 60000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.24”
Context: 1,500,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · copperTonnes: 1250000Grade: 1.22Grade Unit: %Contained Metal: 15300Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b4d1e5927cd1610b98b5
Resource Data
- Category
- indicated
- Tonnes
- 1250000
- Grade
- 1.22
- Grade Unit
- %
- Contained Metal
- 15300
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.22”
Context: 1,250,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained MRE of the Storm · silverTonnes: 1250000Grade: 1.83Grade Unit: g/tContained Metal: 73600Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b4d1e5927cd1610b98b5
Resource Data
- Category
- indicated
- Tonnes
- 1250000
- Grade
- 1.83
- Grade Unit
- g/t
- Contained Metal
- 73600
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.83”
Context: 1,250,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · copperTonnes: 2650000Grade: 0.63Grade Unit: %Contained Metal: 16700Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e44c86959cb03c6819a1
Resource Data
- Category
- inferred
- Tonnes
- 2650000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 16700
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.63”
Context: 2,650,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 2650000Grade: 1.43Grade Unit: g/tContained Metal: 122300Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e44c86959cb03c6819a1
Resource Data
- Category
- inferred
- Tonnes
- 2650000
- Grade
- 1.43
- Grade Unit
- g/t
- Contained Metal
- 122300
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.43”
Context: 2,650,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · copperTonnes: 810000Grade: 0.73Grade Unit: %Contained Metal: 5900Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:d52eb25ddde6a863fa03
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 5900
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.73”
Context: 810,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained MRE of the Storm · silverTonnes: 810000Grade: 4.11Grade Unit: g/tContained Metal: 107400Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained MRE of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:d52eb25ddde6a863fa03
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 4.11
- Grade Unit
- g/t
- Contained Metal
- 107400
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.11”
Context: 810,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedWest Desert Project · zincTonnes: 4493988Grade: 59446Grade Unit: tContained Metal: 59446Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:3ef4151406054614cc79
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 4493988
- Grade
- 59446
- Grade Unit
- t
- Contained Metal
- 59446
- Contained Unit
- t
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated zinc resource in the open-pit heap leach oxide category provides a clear pathway for potential extraction, with no changes reported in the current year.
Positive factors
- Indicated zinc resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Evidence · table
“59,446”
Context: 4,493,988
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
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
indicatedWest Desert Project · copperTonnes: 4493988Grade: 0.07Grade Unit: %Contained Metal: 3304Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:3ef4151406054614cc79
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 4493988
- Grade
- 0.07
- Grade Unit
- %
- Contained Metal
- 3304
- Contained Unit
- t
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated copper resource in the open-pit heap leach oxide category contributes to the overall project value, with no changes reported in the current year.
Positive factors
- Indicated copper resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Evidence · table
“0.07”
Context: 4,493,988
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
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
indicatedWest Desert Project · silverTonnes: 4493988Grade: 9.17Grade Unit: g/tContained Metal: 1324438Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:3ef4151406054614cc79
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 4493988
- Grade
- 9.17
- Grade Unit
- g/t
- Contained Metal
- 1324438
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated silver resource in the open-pit heap leach oxide category adds to the project's economic potential, with no changes reported in the current year.
Positive factors
- Indicated silver resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Evidence · table
“9.17”
Context: 4,493,988
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
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
inferredWest Desert Project · zincTonnes: 528095Grade: 6845Grade Unit: tContained Metal: 6845Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:5ddcd6106824bf8a73ae
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 528095
- Grade
- 6845
- Grade Unit
- t
- Contained Metal
- 6845
- Contained Unit
- t
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred zinc resource in the open-pit heap leach oxide category provides additional potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred zinc resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“6,845”
Context: 528,095
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
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
inferredWest Desert Project · copperTonnes: 528095Grade: 0.04Grade Unit: %Contained Metal: 211Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:5ddcd6106824bf8a73ae
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 528095
- Grade
- 0.04
- Grade Unit
- %
- Contained Metal
- 211
- Contained Unit
- t
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred copper resource in the open-pit heap leach oxide category contributes to the overall project, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred copper resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.04”
Context: 528,095
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
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
inferredWest Desert Project · silverTonnes: 528095Grade: 10.92Grade Unit: g/tContained Metal: 185387Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:5ddcd6106824bf8a73ae
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 528095
- Grade
- 10.92
- Grade Unit
- g/t
- Contained Metal
- 185387
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred silver resource in the open-pit heap leach oxide category adds to the project's potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred silver resource in open-pit heap leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“10.92”
Context: 528,095
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
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
indicatedWest Desert Project · zincTonnes: 9719064Grade: 333737Grade Unit: tContained Metal: 333737Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:50c0602dfcd1a0123ad8
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 9719064
- Grade
- 333737
- Grade Unit
- t
- Contained Metal
- 333737
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The large Indicated zinc resource in the open-pit mill leach oxide category provides a strong foundation for future extraction, with no changes reported in the current year.
Positive factors
- Large Indicated zinc resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Evidence · table
“333,737”
Context: 9,719,064
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
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
indicatedWest Desert Project · copperTonnes: 9719064Grade: 0.12Grade Unit: %Contained Metal: 11630Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:50c0602dfcd1a0123ad8
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 9719064
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 11630
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated copper resource in the open-pit mill leach oxide category contributes to the overall project value, with no changes reported in the current year.
Positive factors
- Indicated copper resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Evidence · table
“0.12”
Context: 9,719,064
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
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
indicatedWest Desert Project · silverTonnes: 9719064Grade: 10.96Grade Unit: g/tContained Metal: 3425247Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:50c0602dfcd1a0123ad8
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 9719064
- Grade
- 10.96
- Grade Unit
- g/t
- Contained Metal
- 3425247
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The significant Indicated silver resource in the open-pit mill leach oxide category adds to the project's economic potential, with no changes reported in the current year.
Positive factors
- Significant Indicated silver resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Evidence · table
“10.96”
Context: 9,719,064
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
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
inferredWest Desert Project · zincTonnes: 789925Grade: 21034Grade Unit: tContained Metal: 21034Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:fc7df79e162e24219c7c
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 789925
- Grade
- 21034
- Grade Unit
- t
- Contained Metal
- 21034
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred zinc resource in the open-pit mill leach oxide category provides additional potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred zinc resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“21,034”
Context: 789,925
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
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
inferredWest Desert Project · copperTonnes: 789925Grade: 0.09Grade Unit: %Contained Metal: 747Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:fc7df79e162e24219c7c
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 789925
- Grade
- 0.09
- Grade Unit
- %
- Contained Metal
- 747
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred copper resource in the open-pit mill leach oxide category contributes to the overall project, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred copper resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.09”
Context: 789,925
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
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
inferredWest Desert Project · silverTonnes: 789925Grade: 8.98Grade Unit: g/tContained Metal: 228008Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:fc7df79e162e24219c7c
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 789925
- Grade
- 8.98
- Grade Unit
- g/t
- Contained Metal
- 228008
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred silver resource in the open-pit mill leach oxide category adds to the project's potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred silver resource in open-pit mill leach oxide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“8.98”
Context: 789,925
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
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
indicatedWest Desert Project · zincTonnes: 3074980Grade: 92108Grade Unit: tContained Metal: 92108Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:9a3ccf7549ca30618bcd
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 3074980
- Grade
- 92108
- Grade Unit
- t
- Contained Metal
- 92108
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated zinc resource in the open-pit mill flotation sulphide category provides a clear pathway for potential extraction, with no changes reported in the current year.
Positive factors
- Indicated zinc resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“92,108”
Context: 3,074,980
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
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
indicatedWest Desert Project · copperTonnes: 3074980Grade: 0.19Grade Unit: %Contained Metal: 5780Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:9a3ccf7549ca30618bcd
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 3074980
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 5780
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated copper resource in the open-pit mill flotation sulphide category contributes to the overall project value, with no changes reported in the current year.
Positive factors
- Indicated copper resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“0.19”
Context: 3,074,980
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
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
indicatedWest Desert Project · silverTonnes: 3074980Grade: 13.84Grade Unit: g/tContained Metal: 1367936Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:9a3ccf7549ca30618bcd
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 3074980
- Grade
- 13.84
- Grade Unit
- g/t
- Contained Metal
- 1367936
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The significant Indicated silver resource in the open-pit mill flotation sulphide category adds to the project's economic potential, with no changes reported in the current year.
Positive factors
- Significant Indicated silver resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“13.84”
Context: 3,074,980
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
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
inferredWest Desert Project · zincTonnes: 65122Grade: 1719Grade Unit: tContained Metal: 1719Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:188450bdb876b3a8d9cb
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 65122
- Grade
- 1719
- Grade Unit
- t
- Contained Metal
- 1719
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred zinc resource in the open-pit mill flotation sulphide category provides additional potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred zinc resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1,719”
Context: 65,122
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
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
inferredWest Desert Project · copperTonnes: 65122Grade: 0.12Grade Unit: %Contained Metal: 78Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:188450bdb876b3a8d9cb
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 65122
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 78
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred copper resource in the open-pit mill flotation sulphide category contributes to the overall project, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred copper resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.12”
Context: 65,122
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
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
inferredWest Desert Project · silverTonnes: 65122Grade: 11.7Grade Unit: g/tContained Metal: 24487Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:188450bdb876b3a8d9cb
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 65122
- Grade
- 11.7
- Grade Unit
- g/t
- Contained Metal
- 24487
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred silver resource in the open-pit mill flotation sulphide category adds to the project's potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred silver resource in open-pit mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“11.70”
Context: 65,122
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
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
inferredWest Desert Project · zincTonnes: 3140102Grade: 93826Grade Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f490bc7c0c91f2477319
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 93826
- Grade Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a high-grade Inferred indium resource in open-pit sulphide material, highlighting its critical mineral potential, with no changes reported in the current year. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Inferred indium resource in open-pit sulphide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“93,826”
Context: 3,140,102
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · copperTonnes: 3140102Grade: 0.21Grade Unit: %Contained Metal: 5858Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f490bc7c0c91f2477319
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 0.21
- Grade Unit
- %
- Contained Metal
- 5858
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a high-grade Inferred indium resource in open-pit sulphide material, highlighting its critical mineral potential, with no changes reported in the current year. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Inferred indium resource in open-pit sulphide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.21”
Context: 3,140,102
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredWest Desert Project · silverTonnes: 3140102Grade: 13.79Grade Unit: g/tContained Metal: 1392423Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f490bc7c0c91f2477319
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 13.79
- Grade Unit
- g/t
- Contained Metal
- 1392423
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-12-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The West Desert Project hosts a high-grade Inferred indium resource in open-pit sulphide material, highlighting its critical mineral potential, with no changes reported in the current year. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Inferred indium resource in open-pit sulphide material
- JORC compliant and QP signed
- Indium is a critical mineral
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“13.79”
Context: 3,140,102
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedWest Desert Project · zincTonnes: 10061132Grade: 551988Grade Unit: tContained Metal: 551988Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f5efa5663babcc07b10b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 10061132
- Grade
- 551988
- Grade Unit
- t
- Contained Metal
- 551988
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The large Indicated zinc resource in the underground mill flotation sulphide category provides a strong foundation for future extraction, with no changes reported in the current year.
Positive factors
- Large Indicated zinc resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“551,988”
Context: 10,061,132
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
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
indicatedWest Desert Project · copperTonnes: 10061132Grade: 0.2Grade Unit: %Contained Metal: 19874Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f5efa5663babcc07b10b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 10061132
- Grade
- 0.2
- Grade Unit
- %
- Contained Metal
- 19874
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated copper resource in the underground mill flotation sulphide category contributes to the overall project value, with no changes reported in the current year.
Positive factors
- Indicated copper resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“0.20”
Context: 10,061,132
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
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
indicatedWest Desert Project · silverTonnes: 10061132Grade: 6.98Grade Unit: g/tContained Metal: 2258872Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:f5efa5663babcc07b10b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 10061132
- Grade
- 6.98
- Grade Unit
- g/t
- Contained Metal
- 2258872
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The significant Indicated silver resource in the underground mill flotation sulphide category adds to the project's economic potential, with no changes reported in the current year.
Positive factors
- Significant Indicated silver resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Evidence · table
“6.98”
Context: 10,061,132
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
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
inferredWest Desert Project · zincTonnes: 4935733Grade: 224026Grade Unit: tContained Metal: 224026Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- zinc
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:92b92d41f58b8915f00b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 4935733
- Grade
- 224026
- Grade Unit
- t
- Contained Metal
- 224026
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The substantial Inferred zinc resource in the underground mill flotation sulphide category provides additional potential, though it requires further drilling to upgrade confidence.
Positive factors
- Substantial Inferred zinc resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“224,026”
Context: 4,935,733
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
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
inferredWest Desert Project · copperTonnes: 4935733Grade: 0.15Grade Unit: %Contained Metal: 7429Contained Unit: tView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- copper
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:92b92d41f58b8915f00b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 4935733
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 7429
- Contained Unit
- t
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred copper resource in the underground mill flotation sulphide category contributes to the overall project, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred copper resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“0.15”
Context: 4,935,733
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
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
inferredWest Desert Project · silverTonnes: 4935733Grade: 6.36Grade Unit: g/tContained Metal: 1009632Contained Unit: ozView all detailsHide details
Identity
- Project
- West Desert Project
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Allan Schappert
- Resource group id
- resource:92b92d41f58b8915f00b
- Mining method
- underground
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 4935733
- Grade
- 6.36
- Grade Unit
- g/t
- Contained Metal
- 1009632
- Contained Unit
- oz
- Cutoff Grade
- 3.5
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2023-02-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Inferred silver resource in the underground mill flotation sulphide category adds to the project's potential, though it requires further drilling to upgrade confidence.
Positive factors
- Inferred silver resource in underground mill flotation sulphide material
- JORC compliant and QP signed
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“6.36”
Context: 4,935,733
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
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
inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 15531071Grade: 0.09Grade Unit: g/tContained Metal: 49306Contained Unit: ozView all detailsHide details
Identity
- Project
- JORC 2012 compliant West Desert Indium and
- Commodity
- gold
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a4595b2c885cefcf2c74
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 15531071
- Grade
- 0.09
- Grade Unit
- g/t
- Contained Metal
- 49306
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.09”
Context: 15,531,071
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 3140102Grade: 0.1Grade Unit: g/tContained Metal: 11076Contained Unit: ozView all detailsHide details
Identity
- Project
- JORC 2012 compliant West Desert Indium and
- Commodity
- gold
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:70555cd6e642aaa694ce
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 3140102
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 11076
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.10”
Context: 3,140,102
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 14996864Grade: 0.12Grade Unit: g/tContained Metal: 63480Contained Unit: ozView all detailsHide details
Identity
- Project
- JORC 2012 compliant West Desert Indium and
- Commodity
- gold
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cd000c666810469867af
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 14996864
- Grade
- 0.12
- Grade Unit
- g/t
- Contained Metal
- 63480
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.12”
Context: 14,996,864
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 0.1Grade: 118761Grade Unit: g/tView all detailsHide details
Identity
- Project
- JORC 2012 compliant West Desert Indium and
- Commodity
- gold
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:344aca5d679b46226d5a
Resource Data
- Category
- inferred
- Tonnes
- 0.1
- Grade
- 118761
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“118,761”
Context: 0.10
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 3335000Grade: 0.95Grade Unit: %Contained Metal: 34200Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:0b485dfbb3a272ae920a
Resource Data
- Category
- inferred
- Tonnes
- 3335000
- Grade
- 0.95
- Grade Unit
- %
- Contained Metal
- 34200
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.95”
Context: 3,335,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 3335000Grade: 3.94Grade Unit: g/tContained Metal: 403300Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:0b485dfbb3a272ae920a
Resource Data
- Category
- inferred
- Tonnes
- 3335000
- Grade
- 3.94
- Grade Unit
- g/t
- Contained Metal
- 403300
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.94”
Context: 3,335,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 9761000Grade: 1.1Grade Unit: %Contained Metal: 121500Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:865722b13bdb13c97dcc
Resource Data
- Category
- indicated
- Tonnes
- 9761000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 121500
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.10”
Context: 9,761,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 9761000Grade: 3.82Grade Unit: g/tContained Metal: 1289400Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:865722b13bdb13c97dcc
Resource Data
- Category
- indicated
- Tonnes
- 9761000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 1289400
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.82”
Context: 9,761,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 913000Grade: 0.56Grade Unit: %Contained Metal: 7400Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ec0aab198f84ebe4a4b8
Resource Data
- Category
- inferred
- Tonnes
- 913000
- Grade
- 0.56
- Grade Unit
- %
- Contained Metal
- 7400
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.56”
Context: 913,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 913000Grade: 2.63Grade Unit: g/tContained Metal: 83700Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ec0aab198f84ebe4a4b8
Resource Data
- Category
- inferred
- Tonnes
- 913000
- Grade
- 2.63
- Grade Unit
- g/t
- Contained Metal
- 83700
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.63”
Context: 913,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 857000Grade: 1.62Grade Unit: %Contained Metal: 16500Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:42fb23f244dba374e367
Resource Data
- Category
- indicated
- Tonnes
- 857000
- Grade
- 1.62
- Grade Unit
- %
- Contained Metal
- 16500
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.62”
Context: 857,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 857000Grade: 3.82Grade Unit: g/tContained Metal: 120200Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:42fb23f244dba374e367
Resource Data
- Category
- indicated
- Tonnes
- 857000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 120200
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.82”
Context: 857,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 1880000Grade: 0.65Grade Unit: %Contained Metal: 15900Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:96b8bb35369c259b673e
Resource Data
- Category
- inferred
- Tonnes
- 1880000
- Grade
- 0.65
- Grade Unit
- %
- Contained Metal
- 15900
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.65”
Context: 1,880,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 1880000Grade: 2Grade Unit: g/tContained Metal: 91500Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:96b8bb35369c259b673e
Resource Data
- Category
- inferred
- Tonnes
- 1880000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 91500
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.00”
Context: 1,880,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 1552000Grade: 0.63Grade Unit: %Contained Metal: 9600Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:18ab445f6e87e2f56ce2
Resource Data
- Category
- inferred
- Tonnes
- 1552000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 9600
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.63”
Context: 1,552,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 1552000Grade: 1.43Grade Unit: g/tContained Metal: 64300Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:18ab445f6e87e2f56ce2
Resource Data
- Category
- inferred
- Tonnes
- 1552000
- Grade
- 1.43
- Grade Unit
- g/t
- Contained Metal
- 64300
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.43”
Context: 1,552,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 1824000Grade: 0.58Grade Unit: %Contained Metal: 19000Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:3a73dec8a15f57bc1251
Resource Data
- Category
- inferred
- Tonnes
- 1824000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 19000
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.58”
Context: 1,824,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 1824000Grade: 1.24Grade Unit: g/tContained Metal: 90800Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:3a73dec8a15f57bc1251
Resource Data
- Category
- inferred
- Tonnes
- 1824000
- Grade
- 1.24
- Grade Unit
- g/t
- Contained Metal
- 90800
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.24”
Context: 1,824,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · copperTonnes: 491000Grade: 0.73Grade Unit: %Contained Metal: 4600Contained Unit: tView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- copper
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7839dce6e84881991f06
Resource Data
- Category
- inferred
- Tonnes
- 491000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 4600
- Contained Unit
- t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.73”
Context: 491,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredTotal unconstrained 2025 and 2026 MREs of the Storm · silverTonnes: 491000Grade: 4.11Grade Unit: g/tContained Metal: 69000Contained Unit: ozView all detailsHide details
Identity
- Project
- Total unconstrained 2025 and 2026 MREs of the Storm
- Commodity
- silver
- Ticker
- AW1
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7839dce6e84881991f06
Resource Data
- Category
- inferred
- Tonnes
- 491000
- Grade
- 4.11
- Grade Unit
- g/t
- Contained Metal
- 69000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.11”
Context: 491,000
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.