# Azarga Metals Announces Mineral Resource Estimate for the Marg Project, Central Yukon

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e

Original source: https://money.tmx.com/en/quote/AZR/news/7621913246301831/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y

Publisher: tmx

Original announcement: 2025-09-08T15:35:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: AZARGA METALS CORP.

- Ticker: AZR

- Exchange: TSX

- Region: Central Yukon, Canada

- Primary commodity: Copper

- Secondary commodities: Lead, Zinc, Silver, Gold

- Document categories: Resource update

- Extracted: 2026-08-24 07:59:30 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Azarga Metals announced an updated Mineral Resource Estimate for its Marg Project in Central Yukon, Canada, reporting a 46% increase in total tonnage to 14.3 Mt. The update shows significant growth in Inferred resources, but with a general decline in average grades across all commodities. The estimate is NI 43-101 compliant and includes lead as a newly reported commodity.

Reasoning: Azarga Metals has reported a significant increase in total resource tonnage and contained metal for the Marg Project, particularly in the Inferred category. However, this growth is accompanied by a notable decline in average grades across all commodities and a decrease in the overall Measured and Indicated \(M&I\) percentage, suggesting dilutive growth. The addition of lead as a reported commodity is a positive.

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Positive factor: qp\_signed

- Positive factor: ni\_43\_101\_compliant

- Negative factor: grade\_decline

- Negative factor: m\_and\_i\_percentage\_decline

- Negative factor: dilutive\_growth

Facts used in scoring: 72

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an updated Mineral Resource Estimate for the Marg Project.

Evidence · text

> Azarga Metals Announces Mineral Resource Estimate for the Marg Project, Central Yukon

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: Total resource tonnage increased by 45.9% from 9.8 Mt to 14.3 Mt compared to the prior estimate.

Evidence · table

> 4.3

Context: Indicated

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: Contained metal for copper, gold, silver, and zinc increased in the Inferred category, and was stable or slightly up in the Indicated category, despite grade declines, due to significant tonnage growth.

Evidence · table

> 10.0

Context: Inferred

**Grade Decline**

Polarity: negative

Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: Average grades for copper, gold, silver, and zinc decreased in both Indicated and Inferred categories compared to the prior estimate.

Evidence · table

> 1.3

Context: 4.3

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: The significant increase in tonnage is accompanied by a decrease in average grades across all commodities and a decrease in the M&I percentage, indicating that the growth is dilutive.

Evidence · text

> The 2025 Mineral Resource builds upon the historic Mineral Resource model, extending the interpreted mineralised domain extent using a 0.5% CuEq cut-off grade and simplifying the structural model by removing the previous use of dual cut-offs.

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The Mineral Resource estimate was prepared in accordance with National Instrument 43-101.

Evidence · text

> prepared in accordance with National Instrument 43-101 Standard of Disclosures for Mineral Projects \(" NI 43-101 "\)

**QP/CP Signed**

Polarity: positive

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

Why it applies: John Horton BSc \(Hons\) FAusIMM \(CP\) and Debbie James, BSc. P.Geo are named as Qualified Persons.

Evidence · text

> The Qualified Persons \(" QPs "\), as defined under NI 43-101, are John Horton BSc \(Hons\) FAusIMM \(CP\) and Debbie James, BSc. P.Geo.

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: The resource is reported at a 0.5% CuEq cut-off grade.

Evidence · text

> 2025 Mineral Resource at 0.5% copper equivalent \[1\] \("CuEq"\) cut-off

**Inferred Resource**

Polarity: negative

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

Why it applies: A significant portion of the resource \(10.0 Mt\) is classified as Inferred.

Evidence · table

> 10.0

Context: Inferred

**M&I Percentage Decline**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The M&I percentage decreased from 37.8% in the prior estimate to 30.1% in the current estimate.

Evidence · table

> 4.3

Context: Indicated

**PEA-Supporting**

Polarity: neutral

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

Why it applies: The resource update builds upon previous studies including a 2016 Preliminary Economic Assessment \(PEA\).

Evidence · text

> This builds upon previous studies, including the 2016 Preliminary Economic Assessment \(PEA\)

## Extracted facts

Stored fact records: 72. Some facts used in scoring do not have a stored record.

## Resource Estimates (72)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-0)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution.

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-1)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.7
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Lead is a newly reported commodity in the Indicated category, adding value to the resource. The grade of 1.7% Pb is a significant addition.

- Positive factor: new\_commodity\_reported

Evidence · table

> 1.7

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-2)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 3.2
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated zinc tonnage increased by 16.2% to 4.3 Mt, which is positive. However, the zinc grade decreased by 15.8% from 3.8% to 3.2%, indicating grade dilution.

- Positive factor: tonnage\_growth

- Negative factor: grade\_decline

Evidence · table

> 3.2

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-3)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 42
- Grade Unit: g/t
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated silver tonnage increased by 16.2% to 4.3 Mt, and contained silver increased slightly, which is positive. However, the silver grade decreased by 12.5% from 48 g/t to 42 g/t, indicating grade dilution.

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Negative factor: grade\_decline

Evidence · table

> 42

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-4)

Marg Project · gold

#### Identity

- Project: Marg Project
- Commodity: gold
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 0.66
- Grade Unit: g/t
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated gold tonnage increased by 16.2% to 4.3 Mt, and contained gold increased slightly, which is positive. However, the gold grade decreased by 13.2% from 0.76 g/t to 0.66 g/t, indicating grade dilution.

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Negative factor: grade\_decline

Evidence · table

> 0.66

Context: 4.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-5)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution.

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-6)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Lead is a newly reported commodity in the Inferred category, adding value to the resource. The grade of 1.3% Pb is a significant addition.

- Positive factor: new\_commodity\_reported

Evidence · table

> 1.3

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-7)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 2.6
- Grade Unit: %
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred zinc tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 25.4% increase in contained zinc. However, the zinc grade decreased by 23.5% from 3.4% to 2.6%, indicating significant grade dilution.

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Negative factor: grade\_decline

Evidence · table

> 2.6

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-8)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 33
- Grade Unit: g/t
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred silver tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 23.3% increase in contained silver. However, the silver grade decreased by 25.0% from 44 g/t to 33 g/t, indicating significant grade dilution.

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Negative factor: grade\_decline

Evidence · table

> 33

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-9)

Marg Project · gold

#### Identity

- Project: Marg Project
- Commodity: gold
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 0.54
- Grade Unit: g/t
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred gold tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 19.6% increase in contained gold. However, the gold grade decreased by 27.0% from 0.74 g/t to 0.54 g/t, indicating significant grade dilution.

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Negative factor: grade\_decline

Evidence · table

> 0.54

Context: 10.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-10)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-11)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.7
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.7

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-12)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 3.2
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.2

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-13)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 42
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 42

Context: 4.3

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-14)

gold

#### Identity

- Commodity: gold
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 0.66
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 0.66

Context: 4.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-15)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-16)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-17)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 2.6
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.6

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-18)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 33
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 33

Context: 10.0

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-19)

gold

#### Identity

- Commodity: gold
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 0.54
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 0.54

Context: 10.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-20)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 4.2

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-21)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 3.2
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.2

Context: 4.2

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-22)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 1.7
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.7

Context: 4.2

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-23)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 42
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 42

Context: 4.2

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-24)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 1.4
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.4

Context: 3.8

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-25)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 3.4
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.4

Context: 3.8

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-26)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 1.8
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.8

Context: 3.8

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-27)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 44
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 44

Context: 3.8

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-28)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 1.5
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.5

Context: 3.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-29)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 3.8
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.8

Context: 3.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-30)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 2
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.0

Context: 3.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-31)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 48
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 48

Context: 3.0

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-32)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 1.7
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.7

Context: 2.5

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-33)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 4.1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 4.1

Context: 2.5

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-34)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 2.2
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.2

Context: 2.5

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-35)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 51
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 51

Context: 2.5

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-36)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 1.8
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.8

Context: 2.1

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-37)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 4.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 4.3

Context: 2.1

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-38)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 2.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.3

Context: 2.1

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-39)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 54
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Indicated copper tonnage increased by 16.2% to 4.3 Mt, and contained copper increased slightly, which is positive. However, the copper grade decreased by 13.3% from 1.5% to 1.3%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 54

Context: 2.1

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-40)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 10.2

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-41)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 2.6
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.6

Context: 10.2

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-42)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 10.2

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-43)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 32
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 32

Context: 10.2

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-44)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 10.1

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-45)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 2.6
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.6

Context: 10.1

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-46)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 10.1

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-47)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 32
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 32

Context: 10.1

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-48)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 9.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-49)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 2.7
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.7

Context: 9.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-50)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 9.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-51)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 33
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 33

Context: 9.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-52)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.0

Context: 9.4

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-53)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 2.8
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.8

Context: 9.4

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-54)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 1.3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.3

Context: 9.4

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-55)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 34
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 34

Context: 9.4

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-56)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 1.1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.1

Context: 7.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-57)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 3
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.0

Context: 7.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-58)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 1.5
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.5

Context: 7.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-59)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 37
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 37

Context: 7.8

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-60)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 1.2
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.2

Context: 5.7

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-61)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 3.4
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.4

Context: 5.7

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-62)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 1.7
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.7

Context: 5.7

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-63)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 42
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 42

Context: 5.7

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-64)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 1.4
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.4

Context: 3.9

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-65)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 3.8
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 3.8

Context: 3.9

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-66)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 1.9
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.9

Context: 3.9

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-67)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 47
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 47

Context: 3.9

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-68)

copper

#### Identity

- Commodity: copper
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 1.5
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 1.5

Context: 2.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-69)

zinc

#### Identity

- Commodity: zinc
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 4.4
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 4.4

Context: 2.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-70)

lead

#### Identity

- Commodity: lead
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 2.1
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 2.1

Context: 2.3

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--5add1a10-1311-4d33-8332-85e3985a4f5e#fact-resource-facts-71)

silver

#### Identity

- Commodity: silver
- Ticker: AZR

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 53
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: Inferred copper tonnage increased significantly by 63.9% to 10.0 Mt, leading to a substantial 36.6% increase in contained copper. However, the copper grade decreased by 16.7% from 1.2% to 1.0%, indicating grade dilution. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: significant\_tonnage\_growth

- Positive factor: contained\_metal\_growth

- Positive factor: new\_commodity\_reported

- Negative factor: grade\_decline

Evidence · table

> 53

Context: 2.3

## 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.