# Canterra Minerals Expands Lundberg Indicated Mineral Resource by 55% to 26.1 Mt at the Buchans Project in Newfoundland Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3 Original source: https://www.globenewswire.com/news-release/2026/10/06/3375307/0/en/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-at-the-buchans-project-in-newfoundland.html Publisher: globenewswire Original announcement: 2026-10-06T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-06T13:44:37.035Z Atlas analysis updated: 2026-10-06T13:44:37.035Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: 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 Upgrade** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Compliant** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an updated Mineral Resource Estimate for the 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 Resource** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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-release** Polarity: negative Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-24) Buchans · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-25) Buchans · zinc Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-26) Buchans · lead Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-27) Buchans · silver Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-28) Buchans · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-29) Buchans · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 4.005 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-30) Buchans · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-31) Buchans · zinc Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-32) Buchans · lead Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-33) Buchans · silver Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-34) Buchans · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-26-3563 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-35) Buchans · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: 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 Disclosed** Polarity: positive Definition: Actual thickness perpendicular to structure is stated, not just downhole length. Why it applies: true\_width\_m is 1.32 **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-36) Buchans Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: Previously reported results Evidence · text > 144m of 0.75% CuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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-25-3542 [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-drill-facts-37) Buchans Historical result Needs review: historical\_restatement #### 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 factor: High-grade intercept - Positive factor: True width estimated - Positive factor: QA/QC disclosed - Positive factor: QP signed off - Negative factor: Previously reported results Evidence · text > 76m of 1.00% CuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-0) Buchans Project · copper #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.36 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-1) Buchans Project · zinc #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 1.31 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-2) Buchans Project · lead #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.56 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-3) Buchans Project · silver #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 5.02 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-4) Buchans Project · gold #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.06 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-5) Buchans Project · copper #### 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 factor: Significant increase in Indicated tonnage - Positive factor: Significant increase in contained metal - Positive factor: High confidence in resource category \(97% Indicated\) - Positive factor: Pit-constrained resource - Positive factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.87 Context: 26.08 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-6) Buchans Project · copper #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.48 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-7) Buchans Project · zinc #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 2.21 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-8) Buchans Project · lead #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 1.13 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-9) Buchans Project · silver #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 20.87 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-10) Buchans Project · gold #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 0.28 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-11) Buchans Project · copper #### 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 factor: QP signed off - Positive factor: NI 43-101 compliant - Positive factor: Cut-off grade disclosed - Positive factor: Metal equivalent assumptions disclosed - Negative factor: Inferred resource category has lower confidence - Negative factor: Average grades declined compared to prior estimate - Negative factor: Metal prices used for CuEq calculation significantly higher than prior estimate Evidence · table > 1.54 Context: 0.87 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-12) Buchans Project · copper Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 16.79 Context: Tonnes \(Mt\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-13) Buchans Project · zinc Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 1.53 Context: 16.79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-14) Buchans Project · lead Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 0.64 Context: 16.79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-15) Buchans Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 5.69 Context: 16.79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-16) Buchans Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 0.07 Context: 16.79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-17) Buchans Project · copper Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 1.00 Context: 16.79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-18) Buchans Project · copper Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 0.38 Context: Tonnes \(Mt\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-19) Buchans Project · zinc Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 2.03 Context: 0.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-20) Buchans Project · lead Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 1.01 Context: 0.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-21) Buchans Project · silver Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 22.35 Context: 0.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-22) Buchans Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 0.31 Context: 0.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/canterra-minerals-expands-lundberg-indicated-mineral-resource-by-55-to-26-1-mt-a--f0079512-2424-4302-9c10-a796e5a00bb3#fact-resource-facts-23) Buchans Project · copper Historical result Needs review: historical\_restatement #### 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 factor: Historical estimate - Negative factor: Not current - Negative factor: Metal equivalent assumptions not disclosed for original calculation Evidence · table > 1.38 Context: 0.38 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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.