# Copper Giant Expands Mocoa to 1.6 Billion Tonnes Inferred and Upgrades 290 Million Tonnes to Indicated

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390

Original source: https://orestocks.com/company/CGNT.V/press-releases/8110513582153416

Publisher: orestocks

Original announcement: 2026-10-14T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-14T13:49:54.107Z

Atlas analysis updated: 2026-10-14T13:49:54.107Z

- Company: Copper Giant Resources Corp.

- Ticker: CGNT.V

- Exchange: Unavailable

- Region: Putumayo, Colombia

- Primary commodity: Copper

- Secondary commodities: Molybdenum

- Document categories: Resource update

- Extracted: 2026-10-14 13:49:54 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Copper Giant Resources Corp. announced an updated Mineral Resource Estimate for its Mocoa copper-molybdenum porphyry project in Colombia, effective September 24, 2026. The update includes Mocoa's first Indicated Mineral Resource of 290 million tonnes at 0.54% CuEq, containing 2.13 billion pounds of copper, and expands the Inferred Mineral Resource to 1.60 billion tonnes at 0.40% CuEq, containing 9.36 billion pounds of copper. Total contained copper has increased by approximately 50% since November 2025, and the estimate will support a Preliminary Economic Assessment to be filed in Q4 2026.

Reasoning: Copper Giant's updated MRE for Mocoa significantly expands the Inferred resource to 1.6 billion tonnes and establishes a first-time Indicated resource of 290 million tonnes, representing a substantial increase in contained copper and confidence. While the overall contained metal grew, the average grade at a comparable cut-off declined, indicating some dilutive growth. The estimate is NI 43-101 compliant and will support a Preliminary Economic Assessment.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: Cut-off Disclosed

- Positive factor: PEA-Supporting

- Positive factor: First Mineral Resource below pit shell

- Negative factor: Grade Decline

- Negative factor: Dilutive Growth

Facts used in scoring: 20

## Classification and evidence

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The updated MRE includes Mocoa's first Indicated Mineral Resource of 290 million tonnes.

Evidence · text

> Mocoa's first Indicated Mineral Resource: 290 Mt at 0.54% CuEq\*

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The MRE classifies Indicated Mineral Resources at Mocoa for the first time, upgrading 290 million tonnes from a lower confidence category.

Evidence · text

> classifies Indicated Mineral Resources at Mocoa for the first time, expands the Inferred Mineral Resource to 1.60 billion tonnes \("Bt"\) and increases total contained copper by approximately 50% since last reported in November 2025.

**Tonnage Growth**

Polarity: positive

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

Why it applies: The Inferred Mineral Resource has expanded to 1.60 billion tonnes.

Evidence · text

> expands the Inferred Mineral Resource to 1.60 billion tonnes \("Bt"\)

**Contained Metal Growth**

Polarity: positive

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

Why it applies: Total contained copper has increased by approximately 50% since November 2025.

Evidence · text

> increases total contained copper by approximately 50% since last reported in November 2025.

**QP/CP Signed**

Polarity: positive

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

Why it applies: The Mineral Resource Estimate was prepared by Warren Black, M.Sc., P.Geo., of APEX, an independent Qualified Person, and Edwin Naranjo Sierra, Vice-President of Exploration for Copper Giant, is the designated Qualified Person.

Evidence · text

> Warren Black, M.Sc., P.Geo., of APEX, the independent Qualified Person responsible for the Mineral Resource Estimate, has reviewed and approved the Mineral Resource disclosure contained in this news release. Mr. Black is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant factors that could materially affect the MRE.

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The MRE was prepared by APEX Geoscience Ltd. under National Instrument 43-101.

Evidence · text

> Prepared by APEX Geoscience Ltd. \("APEX"\) under National Instrument 43-101 – Standards of Disclosure for Mineral Projects\("NI 43-101"\)

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: The MRE reports resources at 0.15% CuEq\* and 0.40% CuEq\* cut-offs, and provides sensitivity analysis across a range of cut-off grades.

Evidence · text

> reported at a 0.15% CuEq\* cut-off within the conceptual pit shell and a 0.40% CuEq\* cut-off below it \(Table 1\).

**PEA-Supporting**

Polarity: neutral

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

Why it applies: The updated MRE is built to support a Preliminary Economic Assessment \(PEA\) to be filed in Q4 2026.

Evidence · text

> The Preliminary Economic Assessment \("PEA"\), the first assessment of Mocoa's development case, is built on this MRE and will be filed during the fourth quarter of 2026.

**Inferred Resource**

Polarity: negative

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

Why it applies: A significant portion of the resource, 1.60 billion tonnes, remains in the Inferred category, which has a lower level of confidence.

Evidence · text

> Inferred Mineral Resources of 1.60 billion tonnes at 0.40% CuEq\*

**Grade Decline**

Polarity: negative

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

Why it applies: At the common 0.25% CuEq\* cut-off, the Inferred grade declined from 0.51% CuEq\* in 2025 to 0.45% CuEq\* in 2026.

Evidence · text

> The Inferred grade at that cut-off is 0.45% CuEq\* against 0.51% CuEq\* in 2025.

**Dilutive Growth**

Polarity: negative

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

Why it applies: While tonnage increased, the average grade for the Inferred resource at a comparable cut-off declined, and the 2026 estimate is reported on a diluted basis, suggesting some dilutive growth.

Evidence · text

> The Inferred grade at that cut-off is 0.45% CuEq\* against 0.51% CuEq\* in 2025. The molybdenum grade moves with the same tonnage: at that cut-off the Inferred Mineral Resources grade 0.030% Mo in 1.13 Bt against 0.039% Mo in 1.12 Bt in 2025, and the Indicated Mineral Resources grade 0.041% Mo in a further 0.26 Bt. The 2026 estimate is reported on a diluted basis, from a 15 metre block model and within a larger conceptual pit shell than the 2025 estimate, so the molybdenum is reported over more tonnage.

**Resource Update**

Polarity: neutral

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

Why it applies: The document announces the results of an updated Mineral Resource Estimate for the Mocoa project.

Evidence · text

> Copper Giant is pleased to announce the results of an updated Mineral Resource Estimate \("MRE"\) for its 100%-owned Mocoa copper-molybdenum porphyry project

## Extracted facts

Stored fact records: 20. Some facts used in scoring do not have a stored record.

## Resource Estimates (20)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-0)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:fce79cda9cc562eb0ba9
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 290000000
- Grade: 0.33
- Grade Unit: %
- Contained Metal: 2.13
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for Mocoa, representing a significant upgrade in confidence for a substantial tonnage and contained copper, making it highly positive and novel.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

- Positive factor: Contained Metal Growth

Evidence · table

> 0.33

Context: 0.29

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-1)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:fce79cda9cc562eb0ba9
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 290000000
- Grade: 0.038
- Grade Unit: %
- Contained Metal: 0.24
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The first Indicated Mineral Resource for molybdenum at Mocoa adds significant confidence to this byproduct metal, contributing positively to the project's overall value.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

Evidence · table

> 0.038

Context: 0.29

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-2)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:6469a699fd5b28384b90
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1480000000
- Grade: 0.26
- Grade Unit: %
- Contained Metal: 8.46
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.4
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The significant increase in Inferred tonnage and contained copper within the conceptual pit shell is positive, expanding the project's scale, though it remains in the lower confidence Inferred category.

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.26

Context: 1.48

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-3)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:6469a699fd5b28384b90
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1480000000
- Grade: 0.025
- Grade Unit: %
- Contained Metal: 0.82
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.4
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The increased Inferred molybdenum resource within the pit shell contributes to the overall project scale, although it is a byproduct and in the lower confidence category.

- Positive factor: Tonnage Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.025

Context: 1.48

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-4)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:fd6d5f5614f9d931b535
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 120000000
- Grade: 0.34
- Grade Unit: %
- Contained Metal: 0.9
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.48
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The first reported Inferred Mineral Resource below the conceptual pit shell, identified within potentially mineable underground shapes, is a novel and positive development for future project optionality, despite being in the Inferred category.

- Positive factor: First Mineral Resource below pit shell

- Negative factor: Inferred Resource

Evidence · table

> 0.34

Context: 0.12

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-5)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:fd6d5f5614f9d931b535
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 120000000
- Grade: 0.025
- Grade Unit: %
- Contained Metal: 0.07
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.48
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The inclusion of molybdenum in the first underground Inferred resource provides additional value, highlighting potential for future extraction of this byproduct.

- Positive factor: First Mineral Resource below pit shell

- Negative factor: Inferred Resource

Evidence · table

> 0.025

Context: 0.12

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-6)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:7324e9c57d239bbbffcf
- Deposit or zone: Total
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 290000000
- Grade: 0.33
- Grade Unit: %
- Contained Metal: 2.13
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The total Indicated Mineral Resource represents a significant de-risking and confidence upgrade for the Mocoa project, establishing a solid foundation for future studies.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

- Positive factor: Contained Metal Growth

Evidence · table

> 0.33

Context: 0.29

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-7)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:7324e9c57d239bbbffcf
- Deposit or zone: Total
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 290000000
- Grade: 0.038
- Grade Unit: %
- Contained Metal: 0.24
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The total Indicated molybdenum resource provides a high-confidence estimate for this valuable byproduct, enhancing the overall project economics.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

Evidence · table

> 0.038

Context: 0.29

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-8)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:c92622b14b4dc8e070bd
- Deposit or zone: Total
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000000
- Grade: 0.27
- Grade Unit: %
- Contained Metal: 9.36
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.4
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The total Inferred Mineral Resource shows significant tonnage and contained copper growth, expanding the overall scale of the Mocoa project. However, the lower average grade compared to the prior estimate at a comparable cut-off suggests some dilutive growth.

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

- Negative factor: Dilutive Growth

Evidence · table

> 0.27

Context: 1.60

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-9)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:c92622b14b4dc8e070bd
- Deposit or zone: Total
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1600000000
- Grade: 0.025
- Grade Unit: %
- Contained Metal: 0.89
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.4
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The total Inferred molybdenum resource shows significant growth, contributing to the overall project scale and potential byproduct revenue, despite being in the lower confidence category.

- Positive factor: Tonnage Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.025

Context: 1.60

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-10)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:6718e2c5973a526d79f9
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 2.04
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The first Indicated Mineral Resource at the 0.25% CuEq cut-off represents a significant upgrade in confidence and contained copper, indicating strong de-risking for the project.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

- Positive factor: Contained Metal Growth

Evidence · table

> 0.36

Context: 0.26

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-11)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:6718e2c5973a526d79f9
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 260000000
- Grade: 0.041
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.58
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The first Indicated molybdenum resource at this cut-off adds confidence to the byproduct potential, contributing positively to the project's overall value.

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

Evidence · table

> 0.041

Context: 0.26

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-12)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:a1319eb284495ee3635e
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1130000000
- Grade: 0.29
- Grade Unit: %
- Contained Metal: 7.29
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24
- Prior Tonnes: 1120000000
- Prior Grade: 0.31
- Prior Contained Metal: 7.6

#### Metal Equivalent

- Metal Eq. Grade: 0.45
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: While tonnage slightly increased, the Inferred copper grade and contained metal at the 0.25% CuEq cut-off declined compared to the prior estimate, indicating a dilutive effect.

- Positive factor: Tonnage Growth

- Negative factor: Inferred Resource

- Negative factor: Grade Decline

- Negative factor: Contained Metal Decline

Evidence · table

> 0.29

Context: 1.13

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Grade Decline**

Polarity: negative

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

Why it applies: 0.29 against 0.31 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 7.29 against 7.6 previously

**Dilutive Growth**

Polarity: negative

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

Why it applies: tonnage rose while contained metal went 7.29 from 7.6

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-13)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:a1319eb284495ee3635e
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1130000000
- Grade: 0.03
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24
- Prior Tonnes: 1120000000
- Prior Grade: 0.039

#### Metal Equivalent

- Metal Eq. Grade: 0.45
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The Inferred molybdenum grade at the 0.25% CuEq cut-off declined significantly compared to the prior estimate, indicating a dilutive effect despite a slight tonnage increase.

- Positive factor: Tonnage Growth

- Negative factor: Inferred Resource

- Negative factor: Grade Decline

Evidence · table

> 0.030

Context: 1.13

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Grade Decline**

Polarity: negative

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

Why it applies: 0.03 against 0.039 previously

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-14)

Mocoa · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:e154b0209a33e2b4e949
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1120000000
- Grade: 0.31
- Grade Unit: %
- Contained Metal: 7.6
- Contained Unit: blbs
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-11-01

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This is a historical Inferred resource estimate from November 2025, re-reported for comparison purposes, and thus has no novelty.

- Negative factor: Stale Data Re-release

Evidence · table

> 0.31

Context: 1.12

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-15)

Mocoa · molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- Resource group id: resource:e154b0209a33e2b4e949
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1120000000
- Grade: 0.039
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-11-01

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-01T00:00:00.000Z

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This is a historical Inferred resource estimate for molybdenum from November 2025, re-reported for comparison purposes, and thus has no novelty.

- Negative factor: Stale Data Re-release

Evidence · table

> 0.039

Context: 1.12

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-16)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:15d077931065ceb0762d
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 310000000
- Grade: 0.32
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for Mocoa, representing a significant upgrade in confidence for a substantial tonnage and contained copper, making it highly positive and novel. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

- Positive factor: Contained Metal Growth

Evidence · table

> 0.32

Context: 0.31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-17)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:15d077931065ceb0762d
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 310000000
- Grade: 0.036
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.51
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for Mocoa, representing a significant upgrade in confidence for a substantial tonnage and contained copper, making it highly positive and novel. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Category Upgrade

- Positive factor: Maiden Indicated Resource

- Positive factor: Contained Metal Growth

Evidence · table

> 0.036

Context: 0.31

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-18)

Mocoa · copper

#### Identity

- Project: Mocoa
- Commodity: copper
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:ab6d882b64bfb91bb361
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1650000000
- Grade: 0.24
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.37
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The significant increase in Inferred tonnage and contained copper within the conceptual pit shell is positive, expanding the project's scale, though it remains in the lower confidence Inferred category. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.24

Context: 1.65

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/copper-giant-expands-mocoa-to-1-6-billion-tonnes-inferred-and-upgrades-290-milli--93314e84-c9a8-49a6-b206-3b197318b390#fact-resource-facts-19)

Mocoa · molybdenum

#### Identity

- Project: Mocoa
- Commodity: molybdenum
- Region: colombia
- Reported Region: Putumayo, Colombia
- Ticker: CGNT.V

#### Resource scope

- Estimate type: resource
- Effective date: 2026-09-24T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Warren Black, Edwin Naranjo Sierra
- Resource group id: resource:ab6d882b64bfb91bb361
- Deposit or zone: Mocoa
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1650000000
- Grade: 0.023
- Grade Unit: %
- Cutoff Grade: 0.15
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2026-09-24

#### Metal Equivalent

- Metal Eq. Grade: 0.37
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: ActLabs

#### Location

- CRS: WGS 1984 ensemble / UTM zone 18N
- EPSG: 32618
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-14T00:00:00.000Z

Reasoning: The significant increase in Inferred tonnage and contained copper within the conceptual pit shell is positive, expanding the project's scale, though it remains in the lower confidence Inferred category. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Negative factor: Inferred Resource

Evidence · table

> 0.023

Context: 1.65

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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.