# Element 29 Engages Synectiq to Advance Resource Modelling and Metallurgical Test Work at its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--cf04b796-ae74-4a34-91ba-6fb66071f904 Original source: https://money.tmx.com/en/quote/ECU/news/6888620655125617/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test Publisher: tmx Original announcement: 2026-05-07T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-08-24 05:46:13 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Element 29 has engaged Synectiq to support resource modelling and metallurgical test work at its Elida porphyry deposit in Peru. The work follows Phase 3 drilling that extended copper mineralization beyond the existing pit shell and aims to support an updated Mineral Resource Estimate by year-end. Reasoning: The announcement details the engagement of a consultant to advance resource modelling and metallurgical testing, driven by recent drilling that extended mineralization. While no new assay values are provided, the intent to update the MRE is a significant project milestone. - Positive factor: extension of copper mineralization beyond current pit shell - Positive factor: engagement of specialist consultant for resource and metallurgical advancement - Positive factor: upcoming MRE expected by year-end Facts used in scoring: 3 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The reported resource is explicitly categorized as an inferred MRE. Evidence · text > initial pit-constrained inferred MRE **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company is engaging a consultant specifically to prepare an updated Mineral Resource Estimate. Evidence · text > support the preparation of an updated Mineral Resource Estimate **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The release states the technical content was reviewed and approved by a Qualified Person \(Richard Osmond, P.Geo\). Evidence · text > reviewed and approved by Richard Osmond, P.Geo., Element 29's President and CEO, who is the "Qualified Person" ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--cf04b796-ae74-4a34-91ba-6fb66071f904#fact-resource-facts-0) copper Historical result Needs review: historical\_restatement #### Identity - Commodity: copper - Ticker: ECU #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 0.32 - Grade Unit: % - Cutoff Grade: 0.2 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is a restatement of the existing pit-constrained inferred resource from the 2022 MRE. Evidence · text > initial pit-constrained inferred MRE of 321.7 million tonnes grading 0.32% Cu ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--cf04b796-ae74-4a34-91ba-6fb66071f904#fact-resource-facts-1) molybdenum Historical result Needs review: historical\_restatement #### Identity - Commodity: molybdenum - Ticker: ECU #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 0.2 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Restatement of historical resource component. Evidence · text > 321.7 million tonnes grading 0.32% Cu, 0.03% Mo ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--cf04b796-ae74-4a34-91ba-6fb66071f904#fact-resource-facts-2) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Ticker: ECU #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 2.61 - Grade Unit: g/t - Cutoff Grade: 0.2 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Restatement of historical resource component. Evidence · text > 321.7 million tonnes grading 0.32% Cu, 0.03% Mo and 2.61 g/t Ag ## 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.