Collective Mining Announces Maiden Mineral Resource for its Apollo Deposit at the Guayabales Project
Original announcement by orestocks on
- Company
- Collective Mining Ltd.
- Ticker
- CNL.TO
- Exchange
- Unavailable
- Region
- Caldas, Colombia
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper, Tungsten
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-09-08 20:51:00 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Collective Mining announced a maiden Mineral Resource for its Apollo deposit, reporting 2.58 million ounces AuEq Indicated and 2.83 million ounces AuEq Inferred. The resource includes high-grade open pit and underground components, with gold, silver, copper, and tungsten contributing to the AuEq grade. The company highlights significant growth opportunities beyond the current resource boundaries, with 40,000 meters of drilling completed since the cut-off date, and plans to accelerate environmental and technical studies for an environmental license application in H2 2027.
Reasoning: Collective Mining announced a substantial maiden Mineral Resource for its Apollo deposit, featuring significant indicated and inferred gold equivalent ounces across open pit and underground zones. The resource demonstrates high grades, particularly in the underground Ramp Zone, and includes meaningful contributions from silver, copper, and tungsten. The estimate is supported by NI 43-101 compliance, QP sign-off, and positive metallurgical test results, with clear growth potential identified by recent drilling not yet incorporated.
Positive factors
- Maiden Mineral Resource establishes a significant gold equivalent resource
- High-grade open pit and underground components identified
- Strong M&I percentage for a maiden resource (43% of total AuEq ounces)
- Significant contained metal for gold, silver, copper, and tungsten
- Resource remains open with substantial growth opportunities identified by recent drilling
- Metallurgical test work indicates high recoveries for all metals using conventional methods
- QP/CP sign-off and NI 43-101 compliance provide high confidence in the estimate
Negative factors
- Significant portion of the resource is Inferred (52% of total AuEq ounces)
- Approximately 40,000 meters of drilling completed since cut-off not included in current MRE
- Some drill results are reported as apparent width only, with no true width stated
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 103
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document explicitly states this is the 'Maiden Mineral Resource for its Apollo deposit'.
Evidence · text
“Maiden Mineral Resource for its Apollo deposit”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource was prepared by Ivor W.O. Jones, FAusIMM, P.Geo. (APEGBC), who is an independent Qualified Person as defined by National Instrument 43-101.
Evidence · text
“The Mineral Resource was prepared by Ivor W.O. Jones, FAusIMM, P.Geo. (APEGBC), who is an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Mineral Resource and the scientific and technical information relating to the Mineral Resource in this news release were prepared by Ivor W.O. Jones, FAusIMM, P.Geo. (APEGBC), an independent Qualified Person as defined by NI 43-101.
Evidence · text
“The Mineral Resource and the scientific and technical information relating to the Mineral Resource in this news release were prepared by Ivor W.O. Jones, FAusIMM, P.Geo. (APEGBC), an independent Qualified Person as defined by NI 43-101.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports 'Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq'.
Evidence · text
“Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Metallurgical test work returned recovery rates of 95% for gold, 92% for silver, and 85% for copper, which are at or above the exceptional band for conventional processing.
Evidence · text
“locked-cycle returning recovery rates of 95% for gold, 92% for silver and 85% for copper”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The metallurgical section mentions 'locked-cycle returning recovery rates', which is a strong test scale.
Evidence · text
“locked-cycle returning recovery rates of 95% for gold, 92% for silver and 85% for copper”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: For drill results not included in the MRE, the note states 'true widths have not been established' for APC-165 and APC-169D, and for others, 'the stated true-width estimate is 60%–100% of core length', but no specific true width is given.
Evidence · text
“For APC-165 and APC-169D, true widths have not been established; for the other listed intervals, the stated true-width estimate is 60%–100% of core length.”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: Table 10 lists drill results with 'Original Disclosure Date' prior to the resource cut-off of March 31, 2026, indicating these are historical results being re-presented.
Evidence · table
“March 15, 2022”
Context: OLCC-3
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The AuEq calculation is fully disclosed in Note 7, including metal prices and metallurgical recoveries.
Evidence · text
“AuEq = ((Au g/t x 0.95) + (Ag g/t x 0.020 x 0.92) + (Cu % x 1.20 x 0.85) + (WO3% x 21.33 x 0.70)) / 0.95, using metal prices of US$3,000/oz gold, US$60/oz silver, US$5.25/lb copper and US$93.31/lb WO3(equivalent to US$2,057/mtu WO3), and metallurgical recoveries of 95% for gold, 92% for silver, 85% for copper and 70% for WO3.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The reporting cut-offs for open pit and underground resources are clearly stated in Table 1 and Table 8.
Evidence · table
“0.3”
Context: Open Pit
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 103. Some facts used in scoring do not have a stored record.
Drill Results (5)
APC140-D5Apollo · goldGrade: 4.61Grade Unit: g/tIntercept: 23.15 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- APC140-D5
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- colombia
- Ticker
- CNL.TO
Geometry
- Grade
- 4.61
- Grade Unit
- g/t
- Intercept
- 23.15 m
- From
- 396.15 m
- To
- 419.3 m
- Intercept Depth
- 396.15 m
Classification
- Sample Type
- drill
- Group ID
- APC140-D5:396.15-419.3
Location
- Location
- Ramp Zone West
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-06T00:00:00.000Z
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This historical intercept of 23.15m at 4.61 g/t Au is an exceptional high-grade result, confirming strong gold mineralization in the Ramp Zone West.
Positive factors
- Exceptional gold grade
- Significant intercept length
- High-grade mineralization in Ramp Zone
Negative factors
- True width not established
- Historical data re-reported
Evidence · table
“4.61”
Context: 23.15
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
APC140-D5Apollo · silverGrade: 11Grade Unit: g/tIntercept: 23.15 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- APC140-D5
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- colombia
- Ticker
- CNL.TO
Geometry
- Grade
- 11
- Grade Unit
- g/t
- Intercept
- 23.15 m
- From
- 396.15 m
- To
- 419.3 m
- Intercept Depth
- 396.15 m
Classification
- Sample Type
- drill
- Group ID
- APC140-D5:396.15-419.3
Location
- Location
- Ramp Zone West
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-06T00:00:00.000Z
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The historical silver grade of 11 g/t over 23.15m provides a minor byproduct credit in the high-grade Ramp Zone West.
Positive factors
- Silver grade present
- Significant intercept length
- High-grade mineralization in Ramp Zone
Negative factors
- True width not established
- Historical data re-reported
Evidence · table
“11”
Context: 23.15
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
APC-168Apollo · copperGrade: 0.01Grade Unit: %Intercept: 50.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- APC-168
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- colombia
- Ticker
- CNL.TO
Geometry
- Grade
- 0.01
- Grade Unit
- %
- Intercept
- 50.1 m
- From
- 1.9 m
- To
- 52 m
- Intercept Depth
- 1.9 m
Classification
- Sample Type
- drill
- Group ID
- APC-168:1.9-52
Location
- Location
- SHZ
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-06T00:00:00.000Z
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The historical copper grade of 0.01% over 50.10m is a minor contribution to the overall AuEq value.
Positive factors
- Copper grade present
- Significant intercept length
- Near-surface mineralization
Negative factors
- True width not established
- Historical data re-reported
Evidence · table
“0.01”
Context: 50.10
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
APC-168Apollo · tungstenGrade: 0.001Grade Unit: %Intercept: 50.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- APC-168
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- colombia
- Ticker
- CNL.TO
Geometry
- Grade
- 0.001
- Grade Unit
- %
- Intercept
- 50.1 m
- From
- 1.9 m
- To
- 52 m
- Intercept Depth
- 1.9 m
Classification
- Sample Type
- drill
- Group ID
- APC-168:1.9-52
Location
- Location
- SHZ
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-06T00:00:00.000Z
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The historical tungsten grade of 0.001% WO3 over 50.10m is a minor contribution to the overall AuEq value.
Positive factors
- Tungsten grade present
- Significant intercept length
- Near-surface mineralization
Negative factors
- True width not established
- Historical data re-reported
Evidence · table
“0.001”
Context: 50.10
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
APC-168Apollo · gold_equivalentGrade: 0.48Grade Unit: g/tIntercept: 50.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- APC-168
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- colombia
- Ticker
- CNL.TO
Geometry
- Grade
- 0.48
- Grade Unit
- g/t
- Intercept
- 50.1 m
- From
- 1.9 m
- To
- 52 m
- Intercept Depth
- 1.9 m
Classification
- Sample Type
- drill
- Group ID
- APC-168:1.9-52
Location
- Location
- SHZ
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, check_assays
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-06T00:00:00.000Z
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This historical intercept of 50.10m at 0.48 g/t AuEq is a weak result for the Shallow Halo Zone, indicating lower-grade mineralization.
Positive factors
- Significant intercept length
- Near-surface mineralization
Negative factors
- Weak gold equivalent grade
- True width not established
- Historical data re-reported
Evidence · table
“0.48”
Context: 50.10
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (98)
indicatedApollo · gold_equivalentTonnes: 37000000Grade: 2.17Grade Unit: g/tContained Metal: 2.58Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 2.17
- Grade Unit
- g/t
- Contained Metal
- 2.58
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential.
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · text
“Indicated Mineral Resources of 37.0 Mt @ 2.17 g/t AuEq for 2.58 million oz AuEq”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · goldTonnes: 37000000Grade: 1.38Grade Unit: g/tContained Metal: 1.64Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 1.38
- Grade Unit
- g/t
- Contained Metal
- 1.64
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated gold resource of 1.64 Moz at 1.38 g/t contributes significantly to the overall project value and confidence.
Positive factors
- Significant contained gold ounces in the indicated category
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.38”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · silverTonnes: 37000000Grade: 24.4Grade Unit: g/tContained Metal: 29Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 24.4
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated silver resource of 29.0 Moz at 24.4 g/t provides a valuable byproduct credit to the project economics.
Positive factors
- Significant contained silver ounces in the indicated category
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“24.4”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · copperTonnes: 37000000Grade: 0.14Grade Unit: %Contained Metal: 115Contained Unit: MlbView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 115
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated copper resource of 115 Mlb at 0.14% adds to the polymetallic nature and economic potential of the deposit.
Positive factors
- Significant contained copper in the indicated category
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.14”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · tungstenTonnes: 37000000Grade: 0.011Grade Unit: %Contained Metal: 3887Contained Unit: tonnesView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 0.011
- Grade Unit
- %
- Contained Metal
- 3887
- Contained Unit
- tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated tungsten resource of 3,887 tonnes at 0.011% WO3 contributes to the overall metal endowment and critical mineral exposure.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.011”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · gold_equivalentTonnes: 48200000Grade: 1.83Grade Unit: g/tContained Metal: 2.83Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 1.83
- Grade Unit
- g/t
- Contained Metal
- 2.83
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources.
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · text
“Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · goldTonnes: 48200000Grade: 1.6Grade Unit: g/tContained Metal: 2.47Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 2.47
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred gold resource of 2.47 Moz at 1.60 g/t represents substantial exploration upside, pending further drilling to upgrade confidence.
Positive factors
- Significant contained gold ounces in the inferred category
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.60”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · silverTonnes: 48200000Grade: 8.39Grade Unit: g/tContained Metal: 13Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 8.39
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- Moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred silver resource of 13.0 Moz at 8.39 g/t adds to the polymetallic potential, but requires further work to increase confidence.
Positive factors
- Contained silver ounces in the inferred category
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“8.39”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · copperTonnes: 48200000Grade: 0.03Grade Unit: %Contained Metal: 32Contained Unit: MlbView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 0.03
- Grade Unit
- %
- Contained Metal
- 32
- Contained Unit
- Mlb
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred copper resource of 32 Mlb at 0.03% contributes to the overall metal endowment, but is a lower grade and confidence.
Positive factors
- Contained copper in the inferred category
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · tungstenTonnes: 48200000Grade: 0.002Grade Unit: %Contained Metal: 1081Contained Unit: tonnesView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 0.002
- Grade Unit
- %
- Contained Metal
- 1081
- Contained Unit
- tonnes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred tungsten resource of 1,081 tonnes at 0.002% WO3 is a minor contribution to the overall resource and requires further definition.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.002”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · gold_equivalentTonnes: 22500000Grade: 2.06Grade Unit: g/tContained Metal: 1.49Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 2.06
- Grade Unit
- g/t
- Contained Metal
- 1.49
- Contained Unit
- Moz
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated open pit resource of 1.49 Moz AuEq at 2.06 g/t is a strong, high-grade component of the maiden MRE, suitable for open pit mining.
Positive factors
- High-grade open pit resource with significant contained ounces
- QP/CP sign-off and NI 43-101 compliance
- Attractive strip ratio of 3.4:1
Evidence · text
“22.5 Mt @ 2.06 g/t AuEq Indicated, for 1.49 million oz AuEq”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · goldTonnes: 22500000Grade: 1.02Grade Unit: g/tContained Metal: 0.74Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 1.02
- Grade Unit
- g/t
- Contained Metal
- 0.74
- Contained Unit
- Moz
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated open pit gold resource of 0.74 Moz at 1.02 g/t is a substantial component, contributing to the overall economic viability.
Positive factors
- Significant contained gold ounces in the indicated open pit resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.02”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · silverTonnes: 22500000Grade: 30.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 30.2
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated open pit silver grade of 30.2 g/t provides a valuable byproduct credit, enhancing the project's economics.
Positive factors
- Significant silver grade in the indicated open pit resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“30.2”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · copperTonnes: 22500000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated open pit copper grade of 0.20% contributes to the polymetallic nature and economic potential of the deposit.
Positive factors
- Significant copper grade in the indicated open pit resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.20”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · tungstenTonnes: 22500000Grade: 0.015Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 0.015
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated open pit tungsten grade of 0.015% WO3 contributes to the overall metal endowment and critical mineral exposure.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.015”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · gold_equivalentTonnes: 25900000Grade: 0.86Grade Unit: g/tContained Metal: 0.71Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.86
- Grade Unit
- g/t
- Contained Metal
- 0.71
- Contained Unit
- Moz
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred open pit resource of 0.71 Moz AuEq at 0.86 g/t provides future growth potential, but with lower confidence and grade than the indicated portion.
Positive factors
- Significant inferred open pit resource with contained ounces
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · text
“25.9 Mt @ 0.86 g/t AuEq Inferred, for 0.71 million oz AuEq”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · goldTonnes: 25900000Grade: 0.6Grade Unit: g/tContained Metal: 0.5Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 0.5
- Contained Unit
- Moz
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred open pit gold resource of 0.50 Moz at 0.60 g/t offers exploration upside, but is lower grade and confidence than the indicated portion.
Positive factors
- Contained gold ounces in the inferred open pit resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.60”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · silverTonnes: 25900000Grade: 8.98Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 8.98
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred open pit silver grade of 8.98 g/t provides a byproduct credit, but with lower confidence.
Positive factors
- Silver grade in the inferred open pit resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“8.98”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · copperTonnes: 25900000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred open pit copper grade of 0.03% is a minor contribution to the overall resource and requires further definition.
Positive factors
- Copper grade in the inferred open pit resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · tungstenTonnes: 25900000Grade: 0.003Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.003
- Grade Unit
- %
- Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred open pit tungsten grade of 0.003% WO3 is a minor contribution to the overall resource and requires further definition.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.003”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · gold_equivalentTonnes: 13200000Grade: 2.1Grade Unit: g/tContained Metal: 0.89Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 13200000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 0.89
- Contained Unit
- Moz
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated underground resource above 1,000 masl of 0.89 Moz AuEq at 2.10 g/t represents a valuable high-grade component of the MRE.
Positive factors
- Significant indicated underground resource with high gold equivalent grade
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“2.10”
Context: 13.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · goldTonnes: 13200000Grade: 1.68Grade Unit: g/tContained Metal: 0.71Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 13200000
- Grade
- 1.68
- Grade Unit
- g/t
- Contained Metal
- 0.71
- Contained Unit
- Moz
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated underground gold resource of 0.71 Moz at 1.68 g/t is a strong contributor to the overall project value.
Positive factors
- Significant contained gold ounces in the indicated underground resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.68”
Context: 13.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · silverTonnes: 13200000Grade: 15.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 13200000
- Grade
- 15.9
- Grade Unit
- g/t
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated underground silver grade of 15.9 g/t provides a byproduct credit, enhancing the project's economics.
Positive factors
- Silver grade in the indicated underground resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“15.9”
Context: 13.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · copperTonnes: 13200000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 13200000
- Grade
- 0.06
- Grade Unit
- %
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated underground copper grade of 0.06% contributes to the polymetallic nature of the deposit.
Positive factors
- Copper grade in the indicated underground resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.06”
Context: 13.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · tungstenTonnes: 13200000Grade: 0.003Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 13200000
- Grade
- 0.003
- Grade Unit
- %
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated underground tungsten grade of 0.003% WO3 is a minor contribution to the overall metal endowment.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.003”
Context: 13.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · gold_equivalentTonnes: 16200000Grade: 2.06Grade Unit: g/tContained Metal: 1.07Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 16200000
- Grade
- 2.06
- Grade Unit
- g/t
- Contained Metal
- 1.07
- Contained Unit
- Moz
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred underground resource above 1,000 masl of 1.07 Moz AuEq at 2.06 g/t provides substantial growth potential for high-grade mineralization.
Positive factors
- Significant inferred underground resource with high gold equivalent grade
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“2.06”
Context: 16.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · goldTonnes: 16200000Grade: 1.84Grade Unit: g/tContained Metal: 0.96Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 16200000
- Grade
- 1.84
- Grade Unit
- g/t
- Contained Metal
- 0.96
- Contained Unit
- Moz
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred underground gold resource of 0.96 Moz at 1.84 g/t offers substantial exploration upside for high-grade gold.
Positive factors
- Significant contained gold ounces in the inferred underground resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.84”
Context: 16.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · silverTonnes: 16200000Grade: 7.69Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 16200000
- Grade
- 7.69
- Grade Unit
- g/t
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred underground silver grade of 7.69 g/t provides a byproduct credit, but with lower confidence.
Positive factors
- Silver grade in the inferred underground resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.69”
Context: 16.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · copperTonnes: 16200000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 16200000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred underground copper grade of 0.03% is a minor contribution to the overall resource and requires further definition.
Positive factors
- Copper grade in the inferred underground resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 16.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · tungstenTonnes: 16200000Grade: 0.002Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- tungsten
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 16200000
- Grade
- 0.002
- Grade Unit
- %
- Cutoff Grade
- 1.2
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred underground tungsten grade of 0.002% WO3 is a minor contribution to the overall metal endowment.
Positive factors
- Contained tungsten adds to the polymetallic nature of the deposit
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.002”
Context: 16.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · gold_equivalentTonnes: 6040000Grade: 5.37Grade Unit: g/tContained Metal: 1.04Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6040000
- Grade
- 5.37
- Grade Unit
- g/t
- Contained Metal
- 1.04
- Contained Unit
- Moz
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred Ramp Zone resource of 1.04 Moz AuEq at 5.37 g/t is a highly attractive, high-grade component, indicating significant underground potential.
Positive factors
- Very high-grade inferred underground resource
- Significant contained ounces for a high-grade zone
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · text
“6.04 Mt @ 5.37 g/t AuEq Inferred for 1.04 million oz AuEq”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · goldTonnes: 6040000Grade: 5.2Grade Unit: g/tContained Metal: 1.01Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6040000
- Grade
- 5.2
- Grade Unit
- g/t
- Contained Metal
- 1.01
- Contained Unit
- Moz
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred Ramp Zone gold resource of 1.01 Moz at 5.20 g/t is a significant high-grade component, indicating strong gold potential at depth.
Positive factors
- Very high-grade contained gold ounces in the inferred Ramp Zone
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“5.20”
Context: 6.04
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · silverTonnes: 6040000Grade: 7.72Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6040000
- Grade
- 7.72
- Grade Unit
- g/t
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred Ramp Zone silver grade of 7.72 g/t provides a byproduct credit, but with lower confidence.
Positive factors
- Silver grade in the inferred Ramp Zone resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.72”
Context: 6.04
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredApollo · copperTonnes: 6040000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6040000
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The inferred Ramp Zone copper grade of 0.02% is a minor contribution to the overall resource and requires further definition.
Positive factors
- Copper grade in the inferred Ramp Zone resource
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.02”
Context: 6.04
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · gold_equivalentTonnes: 1290000Grade: 4.74Grade Unit: g/tContained Metal: 0.2Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold_equivalent
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1290000
- Grade
- 4.74
- Grade Unit
- g/t
- Contained Metal
- 0.2
- Contained Unit
- Moz
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated Ramp Zone resource of 0.20 Moz AuEq at 4.74 g/t is a highly attractive, high-grade component, demonstrating strong confidence in this zone.
Positive factors
- Very high-grade indicated underground resource
- Significant contained ounces for a high-grade zone
- QP/CP sign-off and NI 43-101 compliance
Evidence · text
“1.29 Mt @ 4.74 g/t AuEq Indicated for 0.20 million oz AuEq”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · goldTonnes: 1290000Grade: 4.52Grade Unit: g/tContained Metal: 0.19Contained Unit: MozView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- gold
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1290000
- Grade
- 4.52
- Grade Unit
- g/t
- Contained Metal
- 0.19
- Contained Unit
- Moz
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated Ramp Zone gold resource of 0.19 Moz at 4.52 g/t is a significant high-grade component, demonstrating strong gold potential.
Positive factors
- Very high-grade contained gold ounces in the indicated Ramp Zone
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“4.52”
Context: 1.29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · silverTonnes: 1290000Grade: 9.85Grade Unit: g/tView all detailsHide details
Identity
- Project
- Apollo
- Commodity
- silver
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1290000
- Grade
- 9.85
- Grade Unit
- g/t
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated Ramp Zone silver grade of 9.85 g/t provides a byproduct credit, enhancing the project's economics.
Positive factors
- Silver grade in the indicated Ramp Zone resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“9.85”
Context: 1.29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedApollo · copperTonnes: 1290000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Apollo
- Commodity
- copper
- Region
- colombia
- Reported Region
- Caldas, Colombia
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1290000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.5
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The indicated Ramp Zone copper grade of 0.03% contributes to the polymetallic nature of the deposit.
Positive factors
- Copper grade in the indicated Ramp Zone resource
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.03”
Context: 1.29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 37000000Grade: 1.64Grade Unit: mozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 1.64
- Grade Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.64”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 37000000Grade: 29Grade Unit: mozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 29
- Grade Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“29.0”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 37000000Grade: 0.14Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 37000000
- Grade
- 0.14
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.14”
Context: 37.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 48200000Grade: 2.47Grade Unit: mozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 2.47
- Grade Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“2.47”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 48200000Grade: 13Grade Unit: mozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 13
- Grade Unit
- moz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“13.0”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 48200000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 48200000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 48.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 3420000Grade: 1.29Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 3420000
- Grade
- 1.29
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.29”
Context: 3.42
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 3420000Grade: 17.9Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 3420000
- Grade
- 17.9
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“17.9”
Context: 3.42
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 3420000Grade: 0.11Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 3420000
- Grade
- 0.11
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.11”
Context: 3.42
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 1930000Grade: 2.09Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 1930000
- Grade
- 2.09
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“2.09”
Context: 1.93
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 1930000Grade: 10.3Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 1930000
- Grade
- 10.3
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“10.3”
Context: 1.93
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 1930000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 1930000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 1.93
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 8880000Grade: 1.01Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 8880000
- Grade
- 1.01
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.01”
Context: 8.88
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 8880000Grade: 23.1Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 8880000
- Grade
- 23.1
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“23.1”
Context: 8.88
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 8880000Grade: 0.18Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 8880000
- Grade
- 0.18
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.18”
Context: 8.88
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 5970000Grade: 0.94Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 5970000
- Grade
- 0.94
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.94”
Context: 5.97
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 5970000Grade: 11.1Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 5970000
- Grade
- 11.1
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“11.1”
Context: 5.97
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 5970000Grade: 0.04Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 5970000
- Grade
- 0.04
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.04”
Context: 5.97
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 17300000Grade: 1.03Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 17300000
- Grade
- 1.03
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.03”
Context: 17.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 17300000Grade: 28.3Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 17300000
- Grade
- 28.3
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“28.3”
Context: 17.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 17300000Grade: 0.19Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 17300000
- Grade
- 0.19
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.19”
Context: 17.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 18500000Grade: 0.65Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 18500000
- Grade
- 0.65
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.65”
Context: 18.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 18500000Grade: 8.91Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 18500000
- Grade
- 8.91
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“8.91”
Context: 18.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 18500000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 18500000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 18.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 22500000Grade: 1.02Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 1.02
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.02”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 22500000Grade: 30.2Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 30.2
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“30.2”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 22500000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 22500000
- Grade
- 0.2
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.20”
Context: 22.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 25900000Grade: 0.6Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.6
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.60”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 25900000Grade: 8.98Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 8.98
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“8.98”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 25900000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 25900000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 25.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 26300000Grade: 0.89Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 26300000
- Grade
- 0.89
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.89”
Context: 26.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 26300000Grade: 26.3Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 26300000
- Grade
- 26.3
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“26.3”
Context: 26.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 26300000Grade: 0.17Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 26300000
- Grade
- 0.17
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.17”
Context: 26.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 43200000Grade: 0.41Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 43200000
- Grade
- 0.41
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.41”
Context: 43.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 43200000Grade: 7.04Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 43200000
- Grade
- 7.04
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.04”
Context: 43.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 43200000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 43200000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 43.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 10200000Grade: 1.25Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 10200000
- Grade
- 1.25
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.25”
Context: 10.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 10200000Grade: 56Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 10200000
- Grade
- 56
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“56.0”
Context: 10.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 10200000Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 10200000
- Grade
- 0.41
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.41”
Context: 10.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 810000Grade: 0.69Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 0.69
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.69”
Context: 0.81
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 810000Grade: 43.4Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 43.4
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“43.4”
Context: 0.81
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 810000Grade: 0.37Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 810000
- Grade
- 0.37
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.37”
Context: 0.81
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 2570000Grade: 1.38Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 2570000
- Grade
- 1.38
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.38”
Context: 2.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 2570000Grade: 39.1Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 2570000
- Grade
- 39.1
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“39.1”
Context: 2.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 2570000Grade: 0.39Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 2570000
- Grade
- 0.39
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.39”
Context: 2.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 50000Grade: 1.12Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 50000
- Grade
- 1.12
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.12”
Context: 0.05
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 50000Grade: 11.3Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 50000
- Grade
- 11.3
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“11.3”
Context: 0.05
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 50000Grade: 0.12Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 50000
- Grade
- 0.12
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.12”
Context: 0.05
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 14300000Grade: 1.61Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 14300000
- Grade
- 1.61
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“1.61”
Context: 14.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 14300000Grade: 15.6Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 14300000
- Grade
- 15.6
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“15.6”
Context: 14.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 14300000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 14300000
- Grade
- 0.06
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.06”
Context: 14.3
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 17400000Grade: 1.77Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 17400000
- Grade
- 1.77
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“1.77”
Context: 17.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 17400000Grade: 7.78Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 17400000
- Grade
- 7.78
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.78”
Context: 17.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 17400000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 17400000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.03”
Context: 17.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedgoldTonnes: 1400000Grade: 4.26Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 4.26
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“4.26”
Context: 1.40
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedsilverTonnes: 1400000Grade: 9.43Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 9.43
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“9.43”
Context: 1.40
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 1400000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 0.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant indicated resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Evidence · table
“0.03”
Context: 1.40
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 6570000Grade: 4.88Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6570000
- Grade
- 4.88
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“4.88”
Context: 6.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredsilverTonnes: 6570000Grade: 7.38Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6570000
- Grade
- 7.38
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.38”
Context: 6.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 6570000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Ticker
- CNL.TO
Resource Data
- Category
- inferred
- Tonnes
- 6570000
- Grade
- 0.02
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Significant inferred resource for a maiden estimate
- High-grade gold equivalent
- QP/CP sign-off and NI 43-101 compliance
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“0.02”
Context: 6.57
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.