# Drilling Expands Mineralized Footprint at Penelope

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5

Original source: https://orestocks.com/company/LIBR.CN/press-releases/5683843026398885

Publisher: orestocks

Original announcement: 2026-10-20T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-20T11:56:51.548Z

Atlas analysis updated: 2026-10-20T11:56:51.548Z

- Company: Libra Energy Materials Inc.

- Ticker: LIBR.CN

- Exchange: Unavailable

- Region: Minas Gerais, Brazil

- Primary commodity: Rare earth elements

- Secondary commodities: Gallium

- Document categories: Drill results

- Extracted: 2026-10-20 11:56:52 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Libra Energy Materials Inc. reported the remaining assay results from its maiden auger drill program at the Penelope Project in Minas Gerais, Brazil, which successfully expanded the near-surface rare earth element \(REE\) enrichment footprint. The program extended mineralization up to 700m from the Elena target, with notable intercepts including 2.0m at 1,421 ppm TREO from surface in Hole PLE-AD-021 and 12.0m at 801 ppm TREO from surface in Hole PLE-AD-010, with several holes ending in mineralization. The results also show consistent gallium values and, in places, a high proportion of magnet rare earths, although the company considers Penelope non-core to its long-term strategy.

Reasoning: The maiden auger drill program successfully expanded the near-surface REE enrichment at the Penelope Project, with several high-grade intercepts and consistent gallium values, demonstrating significant step-out potential. However, the project is non-core for the company, and some intercepts show low MREO proportions.

- Positive factor: Expanded mineralized footprint at Penelope

- Positive factor: High-grade near-surface REE intercepts

- Positive factor: Consistent gallium values

- Positive factor: High proportion of magnet rare earths in some intercepts

- Positive factor: Several holes ended in mineralization, indicating open at depth

- Positive factor: QA/QC protocols disclosed and QP signed off

- Positive factor: Step-out drilling successfully extended mineralization

- Negative factor: Project is non-core to the company's long-term strategy

- Negative factor: Auger drilling is shallow and limited in depth

- Negative factor: Apparent width only reported for intercepts

- Negative factor: One high-grade REE intercept \(PLE-AD-020\) has a very low magnet rare earth oxide proportion

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 18

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: Release includes QA/QC disclosure — certified lab, QP sign-off, and stated methods \(blanks, standards, duplicates, check assays\).

Evidence · text

> A total of 167 samples from Holes PLE-AD-008 to PLE-AD-022 were submitted to SGS Geosol Laboratórios S.A. in Vespasiano, Minas Gerais, an ISO/IEC 17025 accredited laboratory independent of the Company. These comprised 152 regolith samples and 15 blanks, certified reference materials \(CRMs\) and field duplicates.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Mineralization was extended beyond the previously known limit, specifically 700m to the northwest.

Evidence · text

> Hole PLE-AD-021, drilled about 700 m from Elena, returned one of the highest-grade samples of the entire program

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Intervals are given as downhole widths with no true width or drill orientation, meaning apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Exploration Drilling**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The program is described as a 'maiden auger drill program' and 'meaningfully expanded the footprint of REE enrichment at Penelope', indicating an exploration objective.

Evidence · text

> maiden auger drill program

**Near-Surface Mineralization**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: All reported intercepts occur within 12 m of surface, indicating shallow mineralization.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Ends in Mineralization**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Several holes ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

## Extracted facts

Stored fact records: 18. Some facts used in scoring do not have a stored record.

## Drill Results (18)

### 55-PLE-AD-009

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-0)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-009
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 1263
- Grade Unit: ppm
- Intercept: 1 m
- From: 7 m
- To: 8 m
- Intercept Depth: 7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-009:7-8
- Mining Method: open\_pit

#### Location

- Easting: 697106
- Northing: 7963907
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade REE intercept over a narrow width, but with a high proportion of magnet rare earth oxides.

- Positive factor: Moderate grade REE intercept

- Positive factor: High proportion of magnet rare earths \(37.3% MREO\)

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 1,263

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### 55-PLE-AD-009

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-1)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-009
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 30
- Grade Unit: g/t
- Intercept: 1 m
- From: 7 m
- To: 8 m
- Intercept Depth: 7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-009:7-8
- Mining Method: open\_pit

#### Location

- Easting: 697106
- Northing: 7963907
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade gallium intercept over a narrow width.

- Positive factor: Consistent gallium values

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 30

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### 55-PLE-AD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-2)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-010
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 1075
- Grade Unit: ppm
- Intercept: 4 m
- From: 6 m
- To: 10 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-010:6-10
- Mining Method: open\_pit

#### Location

- Easting: 697071
- Northing: 7963813
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade REE intercept over a moderate width, with the hole ending in mineralization, suggesting potential for further extension.

- Positive factor: Moderate grade REE intercept over a moderate width

- Positive factor: Hole ended in mineralization

- Negative factor: Apparent width only reported

Evidence · table

> 1,075

Context: 4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-3)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-010
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 30
- Grade Unit: g/t
- Intercept: 4 m
- From: 6 m
- To: 10 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-010:6-10
- Mining Method: open\_pit

#### Location

- Easting: 697071
- Northing: 7963813
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade gallium intercept over a moderate width, with the hole ending in mineralization.

- Positive factor: Consistent gallium values over a moderate width

- Positive factor: Hole ended in mineralization

- Negative factor: Apparent width only reported

Evidence · table

> 30

Context: 4

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-4)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-010
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 1690
- Grade Unit: ppm
- Intercept: 1 m
- From: 6 m
- To: 7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-010:6-7
- Mining Method: open\_pit

#### Location

- Easting: 697071
- Northing: 7963813
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Higher grade REE sub-interval over a narrow width, within a broader mineralized zone.

- Positive factor: Higher grade REE sub-interval

- Positive factor: Hole ended in mineralization

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 1,690

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-5)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-010
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 36
- Grade Unit: g/t
- Intercept: 1 m
- From: 6 m
- To: 7 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-010:6-7
- Mining Method: open\_pit

#### Location

- Easting: 697071
- Northing: 7963813
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Higher grade gallium sub-interval over a narrow width, within a broader mineralized zone.

- Positive factor: Higher grade gallium sub-interval

- Positive factor: Hole ended in mineralization

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 36

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-015

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-6)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-015
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 1045
- Grade Unit: ppm
- Intercept: 1 m
- From: 3 m
- To: 4 m
- Intercept Depth: 3 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-015:3-4
- Mining Method: open\_pit

#### Location

- Easting: 696614
- Northing: 7963706
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade REE intercept over a narrow width.

- Positive factor: Moderate grade REE intercept

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 1,045

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### 55-PLE-AD-015

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-7)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-015
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 28
- Grade Unit: g/t
- Intercept: 1 m
- From: 3 m
- To: 4 m
- Intercept Depth: 3 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-015:3-4
- Mining Method: open\_pit

#### Location

- Easting: 696614
- Northing: 7963706
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade gallium intercept over a narrow width.

- Positive factor: Consistent gallium values

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 28

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### 55-PLE-AD-020

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-8)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-020
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 2585
- Grade Unit: ppm
- Intercept: 1 m
- From: 11 m
- To: 12 m
- Intercept Depth: 11 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-020:11-12
- Mining Method: open\_pit

#### Location

- Easting: 696404
- Northing: 7963896
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: High-grade REE intercept over a narrow width, but with a very low magnet rare earth oxide proportion and no detectable gallium, which could impact economic viability.

- Positive factor: High grade REE intercept

- Positive factor: Hole ended in mineralization

- Negative factor: Narrow intercept width

- Negative factor: Very low magnet rare earth oxide proportion \(1.0% MREO\)

- Negative factor: Gallium below detection limit

- Negative factor: Apparent width only reported

Evidence · table

> 2,585

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

**Deleterious Elements Present** — Rejected; excluded from scoring

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Reason: The intercept has a very low magnet rare earth oxide proportion \(1.0% MREO\), which is undesirable for magnet REE projects.

Evidence · table

> 1.0

Context: 1

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-020

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-9)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-020
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade Unit: g/t
- Intercept: 1 m
- From: 11 m
- To: 12 m
- Intercept Depth: 11 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-020:11-12
- Mining Method: open\_pit

#### Location

- Easting: 696404
- Northing: 7963896
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Gallium is below detection limit for this narrow, high-grade REE intercept, reducing its overall value.

- Positive factor: Hole ended in mineralization

- Negative factor: Gallium below detection limit

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> b.d.l\*

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

### 55-PLE-AD-021

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-10)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-021
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 1421
- Grade Unit: ppm
- Intercept: 2 m
- From: 0 m
- To: 2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-021:0-2
- Mining Method: open\_pit

#### Location

- Easting: 696128
- Northing: 7965100
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade REE intercept from surface, significantly expanding the mineralized footprint to the northwest.

- Positive factor: Moderate grade REE intercept from surface

- Positive factor: Contributes to expanded mineralized footprint

- Positive factor: High proportion of magnet rare earths \(26.5% MREO\)

- Negative factor: Apparent width only reported

Evidence · table

> 1,421

Context: 2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Near-Surface Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept starts from surface \(0m depth\).

Evidence · table

> 0

Context: 2

### 55-PLE-AD-021

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-11)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-021
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 28
- Grade Unit: g/t
- Intercept: 2 m
- From: 0 m
- To: 2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-021:0-2
- Mining Method: open\_pit

#### Location

- Easting: 696128
- Northing: 7965100
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade gallium intercept from surface, contributing to the expanded mineralized footprint.

- Positive factor: Consistent gallium values from surface

- Positive factor: Contributes to expanded mineralized footprint

- Negative factor: Apparent width only reported

Evidence · table

> 28

Context: 2

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Near-Surface Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept starts from surface \(0m depth\).

Evidence · table

> 0

Context: 2

### 55-PLE-AD-021

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-12)

Penelope · rare earth elements

#### Identity

- Hole ID: 55-PLE-AD-021
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 2239
- Grade Unit: ppm
- Intercept: 1 m
- From: 1 m
- To: 2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-021:1-2
- Mining Method: open\_pit

#### Location

- Easting: 696128
- Northing: 7965100
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: High-grade REE sub-interval over a narrow width, contributing to the expanded mineralized footprint and showing good MREO proportion.

- Positive factor: High grade REE sub-interval

- Positive factor: High proportion of magnet rare earths \(27.8% MREO\)

- Positive factor: Contributes to expanded mineralized footprint

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 2,239

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### 55-PLE-AD-021

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-13)

Penelope · gallium

#### Identity

- Hole ID: 55-PLE-AD-021
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 29
- Grade Unit: g/t
- Intercept: 1 m
- From: 1 m
- To: 2 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 55-PLE-AD-021:1-2
- Mining Method: open\_pit

#### Location

- Easting: 696128
- Northing: 7965100
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade gallium sub-interval over a narrow width, contributing to the expanded mineralized footprint.

- Positive factor: Consistent gallium values

- Positive factor: Contributes to expanded mineralized footprint

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

Evidence · table

> 29

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · table

> 1

Context: 1

### PLE-AD-010

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-14)

Penelope · rare earth elements

#### Identity

- Hole ID: PLE-AD-010
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 801
- Grade Unit: ppm
- Intercept: 12 m
- From: 0 m
- To: 12 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PLE-AD-010:0-12
- Mining Method: open\_pit

#### Location

- Easting: 697071
- Northing: 7963813
- Loc. Confidence: high
- Loc. Source: document

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Significant width REE intercept from surface, with the hole ending in mineralization, indicating potential for further depth extension and contributing to the expanded footprint.

- Positive factor: Moderate grade REE over a significant width from surface

- Positive factor: Hole ended in mineralization

- Positive factor: Contributes to expanded mineralized footprint

- Negative factor: Apparent width only reported

Evidence · text

> 12.0 m of 801 ppm TREO from surface to the end of the hole

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

**Near-Surface Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept starts from surface.

Evidence · text

> 12.0 m of 801 ppm TREO from surface

### PLE-AD-013

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-15)

Penelope · rare earth elements

#### Identity

- Hole ID: PLE-AD-013
- Project: Penelope
- Commodity: rare earth elements
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 675
- Grade Unit: ppm
- Intercept: 8.5 m
- From: 0 m
- To: 8.5 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PLE-AD-013:0-8.5
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Moderate grade REE intercept over a moderate width from surface, with the hole ending in mineralization, indicating potential for further depth extension.

- Positive factor: Moderate grade REE over a moderate width from surface

- Positive factor: Hole ended in mineralization

- Positive factor: Contributes to expanded mineralized footprint

- Negative factor: Apparent width only reported

- Negative factor: No specific coordinates provided in text or table

Evidence · text

> 8.5 m of 675 ppm TREO from surface to the end of the hole \(PLE AD 013\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Ends in Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The hole ended in mineralized material, indicating the base of the REE-enriched profile was not reached.

Evidence · text

> several ended in mineralized material \(including PLE-AD-010, PLE-AD-013 and PLE-AD-020\), which means the base of the REE-enriched profile was not reached at those locations.

**Near-Surface Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept starts from surface.

Evidence · text

> 8.5 m of 675 ppm TREO from surface

### PLE-AD-014

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-16)

Penelope · gallium

#### Identity

- Hole ID: PLE-AD-014
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 38
- Grade Unit: g/t
- Intercept: 4 m
- From: 0 m
- To: 4 m
- Intercept Depth: 0 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PLE-AD-014:0-4
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: High-grade gallium intercept over a moderate width from surface, adding to the overall prospectivity of the project.

- Positive factor: High grade gallium over a moderate width from surface

- Positive factor: Consistent gallium values

- Negative factor: Apparent width only reported

- Negative factor: No specific coordinates provided in text or table

Evidence · text

> 4.0 m of 38 grams per ton \(g/t\) Gallium \(Ga\) from surface \(PLE-AD-014\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**Near-Surface Mineralization** — Rejected; excluded from scoring

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept starts from surface.

Evidence · text

> 4.0 m of 38 grams per ton \(g/t\) Gallium \(Ga\) from surface

### PLE-AD-022

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-expands-mineralized-footprint-at-penelope--68e5d8a4-5f4c-477b-811e-124faedad0a5#fact-drill-facts-17)

Penelope · gallium

#### Identity

- Hole ID: PLE-AD-022
- Project: Penelope
- Commodity: gallium
- Region: brazil
- Reported Region: brazil
- Ticker: LIBR.CN

#### Geometry

- Grade: 43.5
- Grade Unit: g/t
- Intercept: 1 m
- From: 7 m
- To: 8 m
- Intercept Depth: 7 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: PLE-AD-022:7-8
- Mining Method: open\_pit

#### QA/QC

- Laboratory: SGS Geosol Laboratórios S.A.
- QA/QC Disclosed: Yes
- Lab Certified: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: High-grade gallium intercept over a narrow width, further confirming the presence of valuable byproducts.

- Positive factor: High grade gallium intercept

- Positive factor: Consistent gallium values

- Negative factor: Narrow intercept width

- Negative factor: Apparent width only reported

- Negative factor: No specific coordinates provided in text or table

Evidence · text

> 1.0 m of 43.5 g/t Ga at 7 m depth \(PLE-AD-022\)

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Libra's flagship Canadian projects include the recently optioned Cisco West and Obamska lithium projects in Québec, loca"

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Evidence · text

> All of these intercepts occur within 12 m of surface.

**narrow\_width** — Rejected; excluded from scoring

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Reason: The intercept length of 1m is considered narrow.

Evidence · text

> 1.0 m

## 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.
