Canterra Minerals Expands Lundberg Indicated Mineral Resource by 55% to 26.1 Mt at the Buchans Project in Newfoundland
Original announcement by globenewswire on
- Company
- Canterra Minerals Corporation
- Ticker
- CTM
- Exchange
- Unavailable
- Region
- Newfoundland
- Primary commodity
- Copper
- Secondary commodities
- Zinc, Lead, Silver, Gold
- Document categories
- Resource update, Drill results
- Extracted
- 2026-10-06 13:44:37 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Canterra Minerals announced an updated Mineral Resource Estimate for its Lundberg Deposit, part of the Buchans Project in Newfoundland. The Indicated Mineral Resource increased by 55% to 26.1 Mt, with a 34% increase in contained copper equivalent. The estimate is pit-constrained, with 97% of the tonnage in the Indicated category, providing a strong foundation for future development.
Reasoning: The updated Mineral Resource Estimate shows a substantial 55% increase in Indicated tonnage and a 34% increase in contained copper equivalent, significantly de-risking the project. However, average grades for all metals have declined compared to the previous estimate, and the CuEq calculation relies on significantly higher metal prices.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 38
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The Indicated Mineral Resource increased by 55% from 16.79 Mt to 26.08 Mt, and 97% of the total resource tonnage is now in the Indicated category.
Evidence · text
“55% increase in Indicated tonnage. The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 estimate”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Indicated tonnage increased by 55% from 16.79 Mt to 26.08 Mt, which is above the exceptional threshold of 30%.
Evidence · table
“+55”
Context: 26.08
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Indicated contained copper equivalent increased by 34% from 168.5 kt to 226.2 kt, which is above the exceptional threshold of 25%.
Evidence · table
“+34”
Context: 226.2
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: Matthew Harrington, P.Geo., is an independent Qualified Person responsible for the 2026 MRE, and Paul Moore, MSc., P.Geo., is the Qualified Person for the Company.
Evidence · text
“Matthew Harrington, P.Geo., of Mercator, is an independent Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and is responsible for the technical disclosure regarding the 2026 MRE contained in this news release. Paul Moore, MSc., P.Geo. (NL), Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the other scientific and technical information in this news release.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The 2026 MRE was prepared by a Qualified Person as defined under National Instrument 43-101.
Evidence · text
“Matthew Harrington, P.Geo., of Mercator, is an independent Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The classification of the Mineral Resource Estimate is consistent with the Canadian Institute of Mining, Metallurgy, and Petroleum (“CIM”) Definition Standards, which are aligned with JORC.
Evidence · text
“The classification of the current Mineral Resource Estimate into Indicated and Inferred is consistent with the Canadian Institute of Mining, Metallurgy, and Petroleum (“CIM”) Definition Standards for Mineral Resources and Mineral Reserves, May 10, 2014 (“CIM Definition Standards”).”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Resources are reported at a cut-off of US$20.40/t NSR.
Evidence · text
“Mineral Resources are reported at a cut-off of US$20.40/t NSR”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Indicated Cu grade decreased by 14% from 0.42% to 0.36%, Zn grade decreased by 14% from 1.53% to 1.31%, Pb grade decreased by 13% from 0.64% to 0.56%, Ag grade decreased by 12% from 5.69 g/t to 5.02 g/t, Au grade decreased by 14% from 0.07 g/t to 0.06 g/t, and CuEq grade decreased by 13% from 1.00% to 0.87%. All are significant grade dilutions.
Evidence · table
“−14”
Context: 0.36
Resource Updateneutral
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 Lundberg Deposit, comparing it to a prior 2019 estimate.
Evidence · text
“Canterra Minerals Expands Lundberg Indicated Mineral Resource by 55% to 26.1 Mt at the Buchans Project in Newfoundland”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The updated MRE includes 0.87 Mt in the Inferred category.
Evidence · table
“0.87”
Context: Inferred
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: The drill intercepts for H-25-3542 and H-26-3563 include estimated true widths of approximately 90% and 80-90% of core length, respectively.
Evidence · text
“estimated true widths approximately 90% of core length”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Canterra's drilling programs use quality assurance and quality control procedures including reference standards, blanks, duplicates, and independent check assays.
Evidence · text
“Canterra’s drilling programs use quality assurance and quality control procedures that include reference standards, blanks, duplicates and independent check assays.”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill results for H-25-3542 and H-26-3563 were previously reported on November 19, 2025, and June 3, 2026, respectively, making them historical for this October 2026 release.
Evidence · text
“reported November 19, 2025”
Extracted facts
Stored fact records: 38. Some facts used in scoring do not have a stored record.
Drill Results (14)
H-25-3542Buchans · copperGrade: 1.11Grade Unit: %Intercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 1.11
- Grade Unit
- %
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542Buchans · zincGrade: 11.38Grade Unit: %Intercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 11.38
- Grade Unit
- %
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542Buchans · leadGrade: 7.02Grade Unit: %Intercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 7.02
- Grade Unit
- %
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542Buchans · silverGrade: 125.5Grade Unit: g/tIntercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 125.5
- Grade Unit
- g/t
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542Buchans · goldGrade: 1.24Grade Unit: g/tIntercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 1.24
- Grade Unit
- g/t
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542Buchans · copperIntercept: 4.45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Intercept
- 4.45 m
- True Width
- 4.005 m
- From
- 188.9 m
- To
- 193.35 m
- Intercept Depth
- 188.9 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-25-3542:188.9-193.35
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Metal Eq. Grade
- 7.73
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-19T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-25-3542 intersected 4.45 m grading 1.11% Cu, 11.38% Zn, 7.02% Pb, 125.5 g/t Ag and 1.24 g/t Au (7.73% CuEq) from 188.90 m to 193.35 m downhole (reported November 19, 2025 ; estimated true widths approximately 90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 4.005
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · copperGrade: 0.63Grade Unit: %Intercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 0.63
- Grade Unit
- %
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · zincGrade: 6.11Grade Unit: %Intercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 6.11
- Grade Unit
- %
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · leadGrade: 3.43Grade Unit: %Intercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 3.43
- Grade Unit
- %
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · silverGrade: 92.3Grade Unit: g/tIntercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 92.3
- Grade Unit
- g/t
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · goldGrade: 0.69Grade Unit: g/tIntercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Grade
- 0.69
- Grade Unit
- g/t
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-26-3563Buchans · copperIntercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-26-3563
- Project
- Buchans
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Intercept
- 1.65 m
- True Width
- 1.32 m
- From
- 165.75 m
- To
- 167.4 m
- Intercept Depth
- 165.75 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
- Group ID
- H-26-3563:165.75-167.4
- Mining Method
- underground
Location
- Location
- Two Level zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Metal Eq. Grade
- 4.34
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-06-03T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“Hole H-26-3563 intersected 1.65 m grading 0.63% Cu, 6.11% Zn, 3.43% Pb, 92.3 g/t Ag and 0.69 g/t Au (4.34% CuEq) from 165.75 m to 167.40 m downhole ( reported June 3, 2026 ; estimated true widths approximately 80–90% of core length)”
Tags used in scoring
True Width Disclosedpositive
Actual thickness perpendicular to structure is stated, not just downhole length.
Why it applies: true_width_m is 1.32
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542BuchansIntercept: 144 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Intercept
- 144 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Metal Eq. Grade
- 0.75
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“144m of 0.75% CuEq”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
H-25-3542BuchansIntercept: 76 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- H-25-3542
- Project
- Buchans
- Region
- canada_nl
- Reported Region
- canada_nl
- Ticker
- CTM
Geometry
- Intercept
- 76 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % Cu-Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: High-grade intercept from the Two Level zone supports the resource growth and future exploration, though previously reported.
Positive factors
- High-grade intercept
- True width estimated
- QA/QC disclosed
- QP signed off
Negative factors
- Previously reported results
Evidence · text
“76m of 1.00% CuEq”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The Lundberg Deposit now hosts 26.1 million tonnes (Mt) in the Indicated category, compared with 16.8 Mt in the 2019 est"
Resource Estimates (24)
indicatedBuchans Project · copperTonnes: 26080000Grade: 0.36Grade Unit: %Contained Metal: 94.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Grade
- 0.36
- Grade Unit
- %
- Contained Metal
- 94.8
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.36”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · zincTonnes: 26080000Grade: 1.31Grade Unit: %Contained Metal: 341.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Grade
- 1.31
- Grade Unit
- %
- Contained Metal
- 341.6
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“1.31”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · leadTonnes: 26080000Grade: 0.56Grade Unit: %Contained Metal: 146.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Grade
- 0.56
- Grade Unit
- %
- Contained Metal
- 146.2
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.56”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · silverTonnes: 26080000Grade: 5.02Grade Unit: g/tContained Metal: 4.21Contained Unit: mozView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Grade
- 5.02
- Grade Unit
- g/t
- Contained Metal
- 4.21
- Contained Unit
- moz
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“5.02”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · goldTonnes: 26080000Grade: 0.06Grade Unit: g/tContained Metal: 51.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Grade
- 0.06
- Grade Unit
- g/t
- Contained Metal
- 51.4
- Contained Unit
- koz
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.06”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · copperTonnes: 26080000Contained Metal: 226.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:2b729e90df18e5dfcc74
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 26080000
- Contained Metal
- 226.2
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Metal Eq. Grade
- 0.87
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE shows substantial growth in Indicated tonnage and contained metal, de-risking the project, despite a decrease in average grades.
Positive factors
- Significant increase in Indicated tonnage
- Significant increase in contained metal
- High confidence in resource category (97% Indicated)
- Pit-constrained resource
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.87”
Context: 26.08
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · copperTonnes: 870000Grade: 0.48Grade Unit: %Contained Metal: 4.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 0.48
- Grade Unit
- %
- Contained Metal
- 4.2
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.48”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · zincTonnes: 870000Grade: 2.21Grade Unit: %Contained Metal: 19.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 2.21
- Grade Unit
- %
- Contained Metal
- 19.2
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“2.21”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · leadTonnes: 870000Grade: 1.13Grade Unit: %Contained Metal: 9.9Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 1.13
- Grade Unit
- %
- Contained Metal
- 9.9
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“1.13”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · silverTonnes: 870000Grade: 20.87Grade Unit: g/tContained Metal: 0.58Contained Unit: mozView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 20.87
- Grade Unit
- g/t
- Contained Metal
- 0.58
- Contained Unit
- moz
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“20.87”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · goldTonnes: 870000Grade: 0.28Grade Unit: g/tContained Metal: 7.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Grade
- 0.28
- Grade Unit
- g/t
- Contained Metal
- 7.8
- Contained Unit
- koz
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“0.28”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBuchans Project · copperTonnes: 870000Contained Metal: 13.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-02T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Matthew Harrington, P.Geo., Paul Moore, MSc., P.Geo.
- Resource group id
- resource:8287849112a1ec50439a
- Deposit or zone
- Lundberg Deposit
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 870000
- Contained Metal
- 13.4
- Contained Unit
- kt
- Cutoff Grade
- 20.4
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-09-02
Metal Equivalent
- Metal Eq. Grade
- 1.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS Canada and Eastern Analytical Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The updated MRE includes a small Inferred component, which has lower confidence but shows potential for future upgrade. Grades have declined compared to the prior estimate.
Positive factors
- QP signed off
- NI 43-101 compliant
- Cut-off grade disclosed
- Metal equivalent assumptions disclosed
Negative factors
- Inferred resource category has lower confidence
- Average grades declined compared to prior estimate
- Metal prices used for CuEq calculation significantly higher than prior estimate
Evidence · table
“1.54”
Context: 0.87
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedBuchans Project · copperTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Grade
- 0.42
- Prior Contained Metal
- 70.5
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“16.79”
Context: Tonnes (Mt)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
indicatedBuchans Project · zincTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Grade
- 1.53
- Prior Contained Metal
- 256.9
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“1.53”
Context: 16.79
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
indicatedBuchans Project · leadTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Grade
- 0.64
- Prior Contained Metal
- 107.5
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“0.64”
Context: 16.79
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
indicatedBuchans Project · silverTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Grade
- 5.69
- Prior Contained Metal
- 3.07
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“5.69”
Context: 16.79
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
indicatedBuchans Project · goldTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Grade
- 0.07
- Prior Contained Metal
- 37.8
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“0.07”
Context: 16.79
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
indicatedBuchans Project · copperTonnes: 16790000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1b16c24fddcfaeb358c8
Resource Data
- Category
- indicated
- Tonnes
- 16790000
Prior Estimate
- Prior Tonnes
- 16790000
- Prior Contained Metal
- 168.5
- Prior Cutoff Grade
- 20
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“1.00”
Context: 16.79
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · copperTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Grade
- 0.36
- Prior Contained Metal
- 1.4
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“0.38”
Context: Tonnes (Mt)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · zincTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- zinc
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Grade
- 2.03
- Prior Contained Metal
- 7.7
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“2.03”
Context: 0.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · leadTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- lead
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Grade
- 1.01
- Prior Contained Metal
- 3.9
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“1.01”
Context: 0.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · silverTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- silver
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Grade
- 22.35
- Prior Contained Metal
- 0.27
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“22.35”
Context: 0.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · goldTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- gold
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Grade
- 0.31
- Prior Contained Metal
- 3.8
- Prior Cutoff Grade
- 20
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“0.31”
Context: 0.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
inferredBuchans Project · copperTonnes: 380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Buchans Project
- Commodity
- copper
- Region
- canada_nl
- Reported Region
- Newfoundland
- Ticker
- CTM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7f733f3a4f5c5e9b4a65
Resource Data
- Category
- inferred
- Tonnes
- 380000
Prior Estimate
- Prior Tonnes
- 380000
- Prior Contained Metal
- 5.2
- Prior Cutoff Grade
- 20
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2019-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Provided for comparison with the new estimate.
Negative factors
- Historical estimate
- Not current
- Metal equivalent assumptions not disclosed for original calculation
Evidence · table
“1.38”
Context: 0.38
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 7.8 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.