Azarga Metals NI 43-101 Technical Report Filed for the Marg Project, Central Yukon
Original announcement by tmx on
- 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 07:56:48 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Azarga Metals Corp. has filed a National Instrument 43-101 compliant technical report for its high-grade, copper-rich Marg Project in Central Yukon, Canada. The report details an updated mineral resource estimate, which includes significant increases in both indicated and inferred tonnage and contained metal for copper, lead, zinc, silver, and gold. Although the resource numbers were previously announced, the filing of the full technical report confirms the project's potential and highlights opportunities for further expansion.
Reasoning: Azarga Metals filed an NI 43-101 compliant technical report for its Marg Project, detailing an updated VMS resource with significant tonnage and contained metal growth, particularly in the Inferred category. While the resource numbers were previously disclosed and show grade dilution, the formal report filing and identified expansion potential are positive.
Positive factors
- NI 43-101 Compliant
- QP/CP Signed
- Tonnage Growth
- Contained Metal Growth
- Cut-off Disclosed
- PEA-Supporting
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 72
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The company announced the filing of a National Instrument 43-101 independent technical report.
Evidence · text
“National Instrument 43-101 - Standard of Disclosures for Mineral Projects (" NI 43-101 ") independent technical report”
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 news release states that John Horton and Debbie James, both 'Qualified Persons' as defined under NI 43-101, reviewed and approved the scientific and technical information.
Evidence · text
“John Horton BSc (Hons) FAusIMM (CP) of IMC Mining Pty Ltd and Debbie James, BSc. P.Geo of TruePoint Exploration. Both Mr. Horton and Ms. James are "Qualified Persons" as defined under NI 43-101.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The 2025 Mineral Resource builds upon a historic Mineral Resource model, indicating a revision or update to a previously existing estimate.
Evidence · text
“The 2025 Mineral Resource builds upon the historic Mineral Resource model”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Indicated tonnage increased from 3.7 Mt to 4.3 Mt (+16.2%) and Inferred tonnage increased from 6.1 Mt to 10.0 Mt (+63.9%) compared to the prior estimate.
Evidence · table
“4.3”
Context: Indicated
Grade Declinenegative
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
Contained Metal Growthpositive
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 both Indicated and Inferred categories compared to the prior estimate, despite grade declines.
Evidence · table
“1.3”
Context: 4.3
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: While tonnage increased significantly, average grades for all metals declined, indicating that the growth is partly due to the inclusion of lower-grade material.
Evidence · text
“Category Tonnage Mt Cu % Pb % Zn % Ag g/t Au g/t CuEq 1 % Indicated 4.3 1.3 1.7 3.2 42 0.66 2.9 Inferred 10.0 1.0 1.3 2.6 33 0.54 2.3”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The mineral resource is reported at a clearly stated 0.5% CuEq cut-off grade.
Evidence · text
“2025 Mineral Resource at 0.5% copper equivalent 1 ("CuEq") cut-off”
VMS Depositneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The project is explicitly described as a 'copper rich Volcanogenic Massive Sulfide ("VMS") Marg project'.
Evidence · text
“copper rich Volcanogenic Massive Sulfide (" V\MS ") Marg project”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: Recovery and payability assumptions used for the copper equivalent calculation are from a metallurgical assessment conducted in 2016.
Evidence · text
“Recovery and payability assumptions from the last metallurgical assessment in 2016”
Previously Disclosednegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The mineral resource estimate presented in this report was previously disclosed by the company in a press release dated September 8, 2025.
Evidence · text
“The mineral resource estimate was previously disclosed by Azarga Metals in its September 8, 2025 , press release”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: Previous economic assessments indicate the deposit's potential for both open pit and underground development, suggesting the resource is at a stage to support economic studies.
Evidence · text
“Previous economic assessments indicate that the Marg deposit has potential for both open pit and underground development.”
Extracted facts
Stored fact records: 72. Some facts used in scoring do not have a stored record.
Resource Estimates (72)
indicatedMarg Project · copperTonnes: 4300000Grade: 2.9Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- copper
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- Ticker
- AZR
Resource Data
- Category
- indicated
- Tonnes
- 4300000
- Grade
- 2.9
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, with a reported CuEq grade of 2.9%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.9”
Context: 4.3
indicatedMarg Project · leadTonnes: 4300000Grade: 1.7Grade Unit: %View all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- lead
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, with a reported grade of 1.7% Pb. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.7”
Context: 4.3
indicatedMarg Project · zincTonnes: 4300000Grade: 3.2Grade Unit: %View all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- zinc
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 15.8% to 3.2% Zn. Contained zinc decreased by 2.1%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Contained Metal Decline
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.2”
Context: 4.3
indicatedMarg Project · silverTonnes: 4300000Grade: 42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- silver
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 12.5% to 42 g/t Ag. Contained silver increased by 1.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“42”
Context: 4.3
indicatedMarg Project · goldTonnes: 4300000Grade: 0.66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.2% to 0.66 g/t Au. Contained gold increased by 0.9%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“0.66”
Context: 4.3
inferredMarg Project · copperTonnes: 10000000Grade: 2.3Grade Unit: % CuEqView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- copper
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 10000000
- Grade
- 2.3
- Grade Unit
- % CuEq
- Cutoff Grade
- 0.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, with a reported CuEq grade of 2.3%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.3”
Context: 10.0
inferredMarg Project · leadTonnes: 10000000Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- lead
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, with a reported grade of 1.3% Pb. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 10.0
inferredMarg Project · zincTonnes: 10000000Grade: 2.6Grade Unit: %View all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- zinc
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 23.5% to 2.6% Zn. Contained zinc increased by 25.4%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.6”
Context: 10.0
inferredMarg Project · silverTonnes: 10000000Grade: 33Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- silver
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 25.0% to 33 g/t Ag. Contained silver increased by 23.0%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“33”
Context: 10.0
inferredMarg Project · goldTonnes: 10000000Grade: 0.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Marg Project
- Commodity
- gold
- Region
- canada_yt
- Reported Region
- Central Yukon, Canada
- 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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 27.0% to 0.54 g/t Au. Contained gold increased by 19.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“0.54”
Context: 10.0
indicatedcopperTonnes: 4300000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 4.3
indicatedleadTonnes: 4300000Grade: 1.7Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.7”
Context: 4.3
indicatedzincTonnes: 4300000Grade: 3.2Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.2”
Context: 4.3
indicatedsilverTonnes: 4300000Grade: 42Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“42”
Context: 4.3
indicatedgoldTonnes: 4300000Grade: 0.66Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“0.66”
Context: 4.3
inferredcopperTonnes: 10000000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 10000000
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.0”
Context: 10.0
inferredleadTonnes: 10000000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 10.0
inferredzincTonnes: 10000000Grade: 2.6Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.6”
Context: 10.0
inferredsilverTonnes: 10000000Grade: 33Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“33”
Context: 10.0
inferredgoldTonnes: 10000000Grade: 0.54Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“0.54”
Context: 10.0
indicatedcopperTonnes: 4200000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 4.2
indicatedzincTonnes: 4200000Grade: 3.2Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.2”
Context: 4.2
indicatedleadTonnes: 4200000Grade: 1.7Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.7”
Context: 4.2
indicatedsilverTonnes: 4200000Grade: 42Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“42”
Context: 4.2
indicatedcopperTonnes: 3800000Grade: 1.4Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.4”
Context: 3.8
indicatedzincTonnes: 3800000Grade: 3.4Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.4”
Context: 3.8
indicatedleadTonnes: 3800000Grade: 1.8Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.8”
Context: 3.8
indicatedsilverTonnes: 3800000Grade: 44Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“44”
Context: 3.8
indicatedcopperTonnes: 3000000Grade: 1.5Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.5”
Context: 3.0
indicatedzincTonnes: 3000000Grade: 3.8Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.8”
Context: 3.0
indicatedleadTonnes: 3000000Grade: 2Grade Unit: %View all detailsHide details
Identity
- Commodity
- lead
- Ticker
- AZR
Resource Data
- Category
- indicated
- Tonnes
- 3000000
- Grade
- 2
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.0”
Context: 3.0
indicatedsilverTonnes: 3000000Grade: 48Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“48”
Context: 3.0
indicatedcopperTonnes: 2500000Grade: 1.7Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.7”
Context: 2.5
indicatedzincTonnes: 2500000Grade: 4.1Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“4.1”
Context: 2.5
indicatedleadTonnes: 2500000Grade: 2.2Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.2”
Context: 2.5
indicatedsilverTonnes: 2500000Grade: 51Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“51”
Context: 2.5
indicatedcopperTonnes: 2100000Grade: 1.8Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.8”
Context: 2.1
indicatedzincTonnes: 2100000Grade: 4.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“4.3”
Context: 2.1
indicatedleadTonnes: 2100000Grade: 2.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.3”
Context: 2.1
indicatedsilverTonnes: 2100000Grade: 54Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Indicated tonnage increased by 16.2% to 4.3 Mt, but grade decreased by 13.3% to 1.3% Cu. Contained copper increased by 0.7%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“54”
Context: 2.1
inferredcopperTonnes: 10200000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 10200000
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.0”
Context: 10.2
inferredzincTonnes: 10200000Grade: 2.6Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.6”
Context: 10.2
inferredleadTonnes: 10200000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 10.2
inferredsilverTonnes: 10200000Grade: 32Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“32”
Context: 10.2
inferredcopperTonnes: 10100000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 10100000
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.0”
Context: 10.1
inferredzincTonnes: 10100000Grade: 2.6Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.6”
Context: 10.1
inferredleadTonnes: 10100000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 10.1
inferredsilverTonnes: 10100000Grade: 32Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“32”
Context: 10.1
inferredcopperTonnes: 9800000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 9800000
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.0”
Context: 9.8
inferredzincTonnes: 9800000Grade: 2.7Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.7”
Context: 9.8
inferredleadTonnes: 9800000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 9.8
inferredsilverTonnes: 9800000Grade: 33Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“33”
Context: 9.8
inferredcopperTonnes: 9400000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 9400000
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.0”
Context: 9.4
inferredzincTonnes: 9400000Grade: 2.8Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.8”
Context: 9.4
inferredleadTonnes: 9400000Grade: 1.3Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.3”
Context: 9.4
inferredsilverTonnes: 9400000Grade: 34Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“34”
Context: 9.4
inferredcopperTonnes: 7800000Grade: 1.1Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.1”
Context: 7.8
inferredzincTonnes: 7800000Grade: 3Grade Unit: %View all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- AZR
Resource Data
- Category
- inferred
- Tonnes
- 7800000
- Grade
- 3
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.0”
Context: 7.8
inferredleadTonnes: 7800000Grade: 1.5Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.5”
Context: 7.8
inferredsilverTonnes: 7800000Grade: 37Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“37”
Context: 7.8
inferredcopperTonnes: 5700000Grade: 1.2Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.2”
Context: 5.7
inferredzincTonnes: 5700000Grade: 3.4Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.4”
Context: 5.7
inferredleadTonnes: 5700000Grade: 1.7Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.7”
Context: 5.7
inferredsilverTonnes: 5700000Grade: 42Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“42”
Context: 5.7
inferredcopperTonnes: 3900000Grade: 1.4Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.4”
Context: 3.9
inferredzincTonnes: 3900000Grade: 3.8Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“3.8”
Context: 3.9
inferredleadTonnes: 3900000Grade: 1.9Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.9”
Context: 3.9
inferredsilverTonnes: 3900000Grade: 47Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“47”
Context: 3.9
inferredcopperTonnes: 2300000Grade: 1.5Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“1.5”
Context: 2.3
inferredzincTonnes: 2300000Grade: 4.4Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“4.4”
Context: 2.3
inferredleadTonnes: 2300000Grade: 2.1Grade Unit: %View all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
Evidence · table
“2.1”
Context: 2.3
inferredsilverTonnes: 2300000Grade: 53Grade Unit: g/tView all detailsHide details
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
- 2025-09-24T00:00:00.000Z
Reasoning: Inferred tonnage increased by 63.9% to 10.0 Mt, but grade decreased by 16.7% to 1.0% Cu. Contained copper increased by 36.6%. The estimate is NI 43-101 compliant and QP signed, but the numbers were previously disclosed and metallurgical assumptions are from 2016. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- NI 43-101 Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Grade Decline
- Dilutive Growth
- Previously Disclosed
- Stale Metallurgical Data
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.