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

Original announcement by cnw on

Company
Copper Giant Resources Corp.
Ticker
CGNT
Exchange
Unavailable
Region
Putumayo, Colombia
Primary commodity
Copper
Secondary commodities
Molybdenum
Document categories
Resource update
Extracted
2026-10-14 11:55:54 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Copper Giant Resources Corp. announced an updated Mineral Resource Estimate for its Mocoa copper-molybdenum porphyry project, establishing a maiden Indicated Mineral Resource of 290 million tonnes and expanding the Inferred Mineral Resource to 1.6 billion tonnes. This update, compliant with NI 43-101, increases total contained copper by approximately 50% since November 2025 and will form the basis for a Preliminary Economic Assessment to be filed in Q4 2026. The estimate includes a first-time reporting of resources below the conceptual pit shell, adding 120 million tonnes of Inferred resources.

Reasoning: Copper Giant's Mocoa project achieved its first Indicated Mineral Resource of 290 million tonnes and significantly expanded its Inferred Mineral Resource to 1.6 billion tonnes, resulting in a 50% increase in total contained copper. This NI 43-101 compliant update will support an upcoming Preliminary Economic Assessment, although the Inferred grade at a common cut-off shows a decline and some growth is attributed to a lower reporting cut-off.

Positive factors

  • Category Upgrade
  • Tonnage Growth
  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant
  • PEA-Supporting
  • First Mineral Resource below pit shell reported

Negative factors

  • Grade Decline
  • Dilutive Growth
  • Cut-off Lowered

Facts used in scoring: 42

Classification and evidence

Category Upgradepositive

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

Why it applies: The updated MRE classifies Indicated Mineral Resources at Mocoa for the first time, upgrading 290 million tonnes to this higher 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 Growthpositive

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, representing a significant increase in overall tonnage.

Evidence · text

“expands the Inferred Mineral Resource to 1.60 billion tonnes ("Bt")”

Contained Metal Growthpositive

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

Why it applies: Total contained copper increased by approximately 50% since November 2025, to 9.36 billion pounds Inferred and 2.13 billion pounds Indicated.

Evidence · text

“Total contained copper up approximately 50% since November 2025, to 9.36 billion pounds Inferred and 2.13 billion pounds Indicated”

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 MRE was prepared by APEX Geoscience Ltd. under NI 43-101, and Warren Black, M.Sc., P.Geo., Senior Consultant: Mineral Resources and Geostatistics of APEX, is an independent Qualified Person responsible for the estimate.

Evidence · text

“Prepared by APEX Geoscience Ltd. ("APEX") under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), effective September 24, 2026, the MRE comprises Indicated Mineral Resources”

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Resource Estimate was prepared in accordance with National Instrument 43-101 standards.

Evidence · text

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

PEA-Supportingneutral

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

Why it applies: The updated MRE will be used as the basis for 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.”

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 that this MRE classifies Indicated Mineral Resources at Mocoa for the first time.

Evidence · text

“classifies Indicated Mineral Resources at Mocoa for the first time”

Resource Updateneutral

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

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

Evidence · text

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

Inferred Resourcenegative

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, is reported in the Inferred category, which is a speculative category with lower geological confidence.

Evidence · text

“Inferred Mineral Resources of 1.60 billion tonnes at 0.40% CuEq*”

Grade Declinenegative

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 is 0.45% CuEq* in the 2026 estimate compared to 0.51% CuEq* in the 2025 estimate.

Evidence · text

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

Dilutive Growthnegative

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

Why it applies: While tonnage increased, the Inferred grade and contained copper at a common cut-off declined, and the 2026 estimate is reported on a diluted basis compared to the undiluted 2025 estimate.

Evidence · text

“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... The 2025 Mineral Resource Estimate was reported on an undiluted basis.”

Cut-off Lowerednegative

Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.

Why it applies: The primary reporting cut-off for the 2026 estimate within the conceptual pit shell is 0.15% CuEq*, which is lower than the 0.25% CuEq* used for comparison with the prior estimate, contributing to tonnage increase.

Evidence · text

“Mineral Resources within the conceptual pit shell are reported at a 0.15% CuEq* cut-off”

Extracted facts

Stored fact records: 42. Some facts used in scoring do not have a stored record.

Resource Estimates (42)

indicatedMocoa · copperTonnes: 290000000Grade: 0.33Grade Unit: %Contained Metal: 2130000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:410d13e03aae11870b22
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
290000000
Grade
0.33
Grade Unit
%
Contained Metal
2130000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.15% CuEq* cut-off is the primary Indicated resource, representing a significant de-risking and contained copper increase.

Positive factors

  • Category Upgrade
  • Maiden Resource
  • Contained Metal Growth

Evidence · table

“0.33”

Context: 0.29

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"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 290000000Grade: 0.038Grade Unit: %Contained Metal: 240000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:410d13e03aae11870b22
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
290000000
Grade
0.038
Grade Unit
%
Contained Metal
240000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.15% CuEq* cut-off adds confidence to this byproduct metal, contributing to the overall project economics.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.038”

Context: 0.29

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"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1480000000Grade: 0.26Grade Unit: %Contained Metal: 8460000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:165efc943406e23d417e
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1480000000
Grade
0.26
Grade Unit
%
Contained Metal
8460000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.15% CuEq* cut-off shows significant tonnage and contained copper growth, expanding the overall scale of the project, though it remains in the lower confidence category.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.26”

Context: 1.48

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1480000000Grade: 0.025Grade Unit: %Contained Metal: 820000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:165efc943406e23d417e
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1480000000
Grade
0.025
Grade Unit
%
Contained Metal
820000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.15% CuEq* cut-off contributes to the overall project scale, providing additional byproduct potential, but remains in the lower confidence category.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.025”

Context: 1.48

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 120000000Grade: 0.34Grade Unit: %Contained Metal: 900000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:1ef77fa51776e39a7db3
Deposit or zone
Mineral Resources Below the Pit Shell
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
120000000
Grade
0.34
Grade Unit
%
Contained Metal
900000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This is the first reporting of Inferred Mineral Resources below the conceptual pit shell, indicating potential for underground mining and adding to the overall resource base.

Positive factors

  • First Mineral Resource below pit shell reported

Negative factors

  • Inferred Resource

Evidence · table

“0.34”

Context: 0.12

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 120000000Grade: 0.025Grade Unit: %Contained Metal: 70000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:1ef77fa51776e39a7db3
Deposit or zone
Mineral Resources Below the Pit Shell
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
120000000
Grade
0.025
Grade Unit
%
Contained Metal
70000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The first reporting of Inferred Mineral Resources for molybdenum below the conceptual pit shell adds to the overall resource base and potential for underground extraction.

Positive factors

  • First Mineral Resource below pit shell reported

Negative factors

  • Inferred Resource

Evidence · table

“0.025”

Context: 0.12

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1600000000Grade: 0.27Grade Unit: %Contained Metal: 9360000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:e6c23f0f73b5798dc8e6
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000000
Grade
0.27
Grade Unit
%
Contained Metal
9360000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The total Inferred Mineral Resource for copper significantly expands the project's overall scale, with a substantial increase in contained metal, though some growth is due to a lower reporting cut-off.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth

Negative factors

  • Inferred Resource
  • Cut-off Lowered

Evidence · table

“0.27”

Context: 1.60

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1600000000Grade: 0.025Grade Unit: %Contained Metal: 890000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:e6c23f0f73b5798dc8e6
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000000
Grade
0.025
Grade Unit
%
Contained Metal
890000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The total Inferred Mineral Resource for molybdenum shows significant tonnage growth, adding to the project's byproduct potential, but is subject to the lower reporting cut-off.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource
  • Cut-off Lowered

Evidence · table

“0.025”

Context: 1.60

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 260000000Grade: 0.36Grade Unit: %Contained Metal: 2040000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:d4b694083c77e4103652
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000000
Grade
0.36
Grade Unit
%
Contained Metal
2040000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.25% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.36”

Context: 0.26

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 260000000Grade: 0.041Grade Unit: %Contained Metal: 230000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:d4b694083c77e4103652
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000000
Grade
0.041
Grade Unit
%
Contained Metal
230000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.25% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.041”

Context: 0.26

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1130000000Grade: 0.29Grade Unit: %Contained Metal: 7290000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5222a96a292794cd3914
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1130000000
Grade
0.29
Grade Unit
%
Contained Metal
7290000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

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

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: At a 0.25% CuEq* cut-off, the Inferred copper tonnage shows a slight increase, but the grade and contained metal have declined compared to the prior estimate, indicating dilutive growth.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource
  • Grade Decline
  • Dilutive Growth

Evidence · table

“0.29”

Context: 1.13

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1130000000Grade: 0.03Grade Unit: %Contained Metal: 760000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5222a96a292794cd3914
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1130000000
Grade
0.03
Grade Unit
%
Contained Metal
760000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

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

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: At a 0.25% CuEq* cut-off, the Inferred molybdenum tonnage shows a slight increase, but the grade has declined compared to the prior estimate, indicating dilutive growth.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource
  • Grade Decline
  • Dilutive Growth

Evidence · table

“0.030”

Context: 1.13

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 310000000Grade: 0.32Grade Unit: %Contained Metal: 2160000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:b162c8a9c282f78874ae
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
310000000
Grade
0.32
Grade Unit
%
Contained Metal
2160000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a lower cut-off demonstrates the sensitivity of the resource to economic parameters, showing increased tonnage and contained copper.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.32”

Context: 0.31

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 310000000Grade: 0.036Grade Unit: %Contained Metal: 240000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:b162c8a9c282f78874ae
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
310000000
Grade
0.036
Grade Unit
%
Contained Metal
240000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a lower cut-off demonstrates the sensitivity of the resource to economic parameters, showing increased tonnage and contained molybdenum.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.036”

Context: 0.31

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 270000000Grade: 0.35Grade Unit: %Contained Metal: 2090000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5e2e653c08acf1b64379
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
270000000
Grade
0.35
Grade Unit
%
Contained Metal
2090000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.2% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.35”

Context: 0.27

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 270000000Grade: 0.039Grade Unit: %Contained Metal: 230000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5e2e653c08acf1b64379
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
270000000
Grade
0.039
Grade Unit
%
Contained Metal
230000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.2% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.039”

Context: 0.27

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 240000000Grade: 0.37Grade Unit: %Contained Metal: 1960000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:f90c3d5dd3ebf1769638
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
240000000
Grade
0.37
Grade Unit
%
Contained Metal
1960000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.3% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.37”

Context: 0.24

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 240000000Grade: 0.042Grade Unit: %Contained Metal: 220000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:f90c3d5dd3ebf1769638
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
240000000
Grade
0.042
Grade Unit
%
Contained Metal
220000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.3% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.042”

Context: 0.24

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 220000000Grade: 0.39Grade Unit: %Contained Metal: 1850000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:ec08ad85455b25f7e4a2
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
220000000
Grade
0.39
Grade Unit
%
Contained Metal
1850000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.35% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.39”

Context: 0.22

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 220000000Grade: 0.045Grade Unit: %Contained Metal: 220000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:ec08ad85455b25f7e4a2
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
220000000
Grade
0.045
Grade Unit
%
Contained Metal
220000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.35% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.045”

Context: 0.22

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 190000000Grade: 0.41Grade Unit: %Contained Metal: 1700000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:4d4c8eea74af732de988
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
190000000
Grade
0.41
Grade Unit
%
Contained Metal
1700000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.66
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.4% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.41”

Context: 0.19

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 190000000Grade: 0.048Grade Unit: %Contained Metal: 200000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:4d4c8eea74af732de988
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
190000000
Grade
0.048
Grade Unit
%
Contained Metal
200000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.66
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.4% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.048”

Context: 0.19

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 160000000Grade: 0.43Grade Unit: %Contained Metal: 1540000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:a02bda1accf661ae7c92
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
0.43
Grade Unit
%
Contained Metal
1540000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.45% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.43”

Context: 0.16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 160000000Grade: 0.051Grade Unit: %Contained Metal: 180000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:a02bda1accf661ae7c92
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
0.051
Grade Unit
%
Contained Metal
180000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.45% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.051”

Context: 0.16

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · copperTonnes: 140000000Grade: 0.45Grade Unit: %Contained Metal: 1380000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:6d3603c7d24211898d66
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
140000000
Grade
0.45
Grade Unit
%
Contained Metal
1380000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.74
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource at a 0.5% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.45”

Context: 0.14

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

indicatedMocoa · molybdenumTonnes: 140000000Grade: 0.055Grade Unit: %Contained Metal: 170000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:6d3603c7d24211898d66
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
140000000
Grade
0.055
Grade Unit
%
Contained Metal
170000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.74
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Indicated resource for molybdenum at a 0.5% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions.

Positive factors

  • Category Upgrade
  • Maiden Resource

Evidence · table

“0.055”

Context: 0.14

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1650000000Grade: 0.24Grade Unit: %Contained Metal: 8830000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:844640e6dd01f4f882bd
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1650000000
Grade
0.24
Grade Unit
%
Contained Metal
8830000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a lower 0.1% CuEq* cut-off demonstrates the potential for significant tonnage and contained copper, though at a lower confidence level.

Positive factors

  • Tonnage Growth
  • Contained Metal Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.24”

Context: 1.65

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1650000000Grade: 0.023Grade Unit: %Contained Metal: 840000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:844640e6dd01f4f882bd
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1650000000
Grade
0.023
Grade Unit
%
Contained Metal
840000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a lower 0.1% CuEq* cut-off demonstrates the potential for significant tonnage and contained molybdenum, though at a lower confidence level.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.023”

Context: 1.65

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1300000000Grade: 0.28Grade Unit: %Contained Metal: 7920000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5143dbcf7fea25b8239d
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1300000000
Grade
0.28
Grade Unit
%
Contained Metal
7920000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.43
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.2% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.28”

Context: 1.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1300000000Grade: 0.028Grade Unit: %Contained Metal: 790000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:5143dbcf7fea25b8239d
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1300000000
Grade
0.028
Grade Unit
%
Contained Metal
790000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.43
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.2% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Positive factors

  • Tonnage Growth

Negative factors

  • Inferred Resource

Evidence · table

“0.028”

Context: 1.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 980000000Grade: 0.31Grade Unit: %Contained Metal: 6590000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:05e488115f835679d167
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
980000000
Grade
0.31
Grade Unit
%
Contained Metal
6590000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.3% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.31”

Context: 0.98

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 980000000Grade: 0.033Grade Unit: %Contained Metal: 710000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:05e488115f835679d167
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
980000000
Grade
0.033
Grade Unit
%
Contained Metal
710000000
Contained Unit
lbs
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
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.3% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.033”

Context: 0.98

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 800000000Grade: 0.32Grade Unit: %Contained Metal: 5730000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:ded2853f2fb60761388b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
800000000
Grade
0.32
Grade Unit
%
Contained Metal
5730000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.52
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.35% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.32”

Context: 0.80

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 800000000Grade: 0.036Grade Unit: %Contained Metal: 640000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:ded2853f2fb60761388b
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
800000000
Grade
0.036
Grade Unit
%
Contained Metal
640000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.52
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.35% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.036”

Context: 0.80

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 620000000Grade: 0.34Grade Unit: %Contained Metal: 4730000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:4759fd49880fbebb28af
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
620000000
Grade
0.34
Grade Unit
%
Contained Metal
4730000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.4% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.34”

Context: 0.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 620000000Grade: 0.04Grade Unit: %Contained Metal: 550000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:4759fd49880fbebb28af
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
620000000
Grade
0.04
Grade Unit
%
Contained Metal
550000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.56
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.4% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.040”

Context: 0.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 460000000Grade: 0.36Grade Unit: %Contained Metal: 3740000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:38c5302b5c54516ae8c2
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
460000000
Grade
0.36
Grade Unit
%
Contained Metal
3740000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.45% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.36”

Context: 0.46

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 460000000Grade: 0.045Grade Unit: %Contained Metal: 460000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:38c5302b5c54516ae8c2
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
460000000
Grade
0.045
Grade Unit
%
Contained Metal
460000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.45% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.045”

Context: 0.46

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 340000000Grade: 0.38Grade Unit: %Contained Metal: 2910000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:73b6d08d7496f7ec3b55
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
340000000
Grade
0.38
Grade Unit
%
Contained Metal
2910000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.65
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource at a 0.5% CuEq* cut-off shows robust contained copper, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.38”

Context: 0.34

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 340000000Grade: 0.05Grade Unit: %Contained Metal: 380000000Contained Unit: lbsView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:73b6d08d7496f7ec3b55
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
340000000
Grade
0.05
Grade Unit
%
Contained Metal
380000000
Contained Unit
lbs
Cutoff Grade
0.15
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-09-24

Metal Equivalent

Metal Eq. Grade
0.65
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This Inferred resource for molybdenum at a 0.5% CuEq* cut-off shows robust contained molybdenum, demonstrating the resource's viability at varying economic conditions, though at a lower confidence level.

Negative factors

  • Inferred Resource

Evidence · table

“0.050”

Context: 0.34

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · copperTonnes: 1120000000Grade: 0.31Grade Unit: %Contained Metal: 7600000000Contained Unit: lbsHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mocoa
Commodity
copper
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:63d7b31cdb44fbd47471
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1120000000
Grade
0.31
Grade Unit
%
Contained Metal
7600000000
Contained Unit
lbs
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

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

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, provided for comparison with the new estimate. It is not new information.

Negative factors

  • Stale Estimate
  • Inferred Resource

Evidence · table

“0.31”

Context: 1.12

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

inferredMocoa · molybdenumTonnes: 1120000000Grade: 0.039Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mocoa
Commodity
molybdenum
Region
colombia
Reported Region
Putumayo, Colombia
Ticker
CGNT

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:63d7b31cdb44fbd47471
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

Lab

Laboratory
ActLabs

Location

CRS
UTM Coordinate system relative to the World Geodetic System 1984 ensemble / UTM zone 18N
EPSG
32618

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, provided for comparison with the new estimate. It is not new information.

Negative factors

  • Stale Estimate
  • Inferred Resource

Evidence · table

“0.039”

Context: 1.12

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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

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.