Errington Metals Announces Maiden Mineral Resource Estimate for the Sudbury Basin Project
Original announcement by orestocks on
- Company
- Errington Metals Corp.
- Ticker
- EM.V
- Exchange
- Unavailable
- Region
- Ontario
- Primary commodity
- Copper
- Secondary commodities
- Zinc, Lead, Gold, Silver
- Document categories
- Resource update
- Extracted
- 2026-09-22 10:51:54 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Errington Metals has announced a maiden Mineral Resource Estimate for its Sudbury Basin Project, reporting 14.20 Mt at 1.20% Cu, 4.02% Zn, 1.11% Pb, 0.83 g/t Au, and 50.25 g/t Ag in the Measured and Indicated categories, with an additional 3.44 Mt Inferred. Over 80% of the total resources are classified as Measured or Indicated, indicating high confidence in the estimate. The estimate is NI 43-101 compliant and signed off by a Qualified Person, with all deposits remaining open for expansion.
Reasoning: Errington Metals announced a maiden Mineral Resource Estimate for its Sudbury Basin Project, establishing a strong foundation with over 80% of the total resources classified as Measured and Indicated, demonstrating high confidence and significant potential for expansion.
Positive factors
- Maiden Mineral Resource Estimate
- High Measured and Indicated percentage (over 80%)
- NI 43-101 compliant
- QP signed off
- Deposits remain open for expansion
- Fully funded drill campaign ongoing
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 45
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document explicitly states 'Errington Metals Announces Maiden Mineral Resource Estimate for the Sudbury Basin Project'.
Evidence · text
“Errington Metals Announces Maiden Mineral Resource Estimate for the Sudbury Basin Project”
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 of Disclosure for Mineral Projects.
Evidence · text
“The mineral resource estimate disclosed herein was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The resource estimate was prepared by Ryan Wilson, Ph.D., P. Geo, of DRA Americas Incorporated, who is an independent qualified person ("QP") as defined by NI 43-101.
Evidence · text
“The resource estimate was prepared by Ryan Wilson, Ph.D., P. Geo, of DRA Americas Incorporated in accordance with NI 43-101. Mr.Wilson is an independent qualified person ("QP") as defined by NI 43-101.”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The resource estimate includes a 'Measured' category for copper, zinc, lead, gold, and silver.
Evidence · table
“Measured”
Context: 7,652,664
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource estimate includes an 'Indicated' category for copper, zinc, lead, gold, and silver.
Evidence · table
“Indicated”
Context: 2,968,518
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes an 'Inferred' category for copper, zinc, lead, gold, and silver.
Evidence · table
“Inferred”
Context: 804,289
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A break-even cut-off grade of 1.5% CuEq is explicitly stated for the resource estimate.
Evidence · text
“Stope shapes were developed using a break-even cut-off grade of 1.5% CuEq”
Metal Equivalent Opaquepositive · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The CuEq formula and underlying metal prices and recoveries are explicitly disclosed in the footnotes.
Evidence · text
“CuEq% = 1 * %Cu + 0.1804 * %Zn + 0.0731 * %Pb + 0.5321 * g/t Au + 0.006124 * g/t Ag.”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document includes a 'QA/QC Procedures' section detailing sampling, core-cutting, submission to assay labs, and verification via Certified Reference Material standards, blanks and field duplicates.
Evidence · text
“QA/QC Procedures Core samples are collected and handled using typical industry standards. Sampling, core-cutting and submission to the assay labs were conducted and supervised by Errington Metals personnel. Assay lab results have been verified by Errington Metals via Certified Reference Material standards, blanks and field duplicates.”
Extracted facts
Stored fact records: 45. Some facts used in scoring do not have a stored record.
Resource Estimates (45)
measuredSudbury Basin Project · copperTonnes: 7652664Grade: 1.13Grade Unit: %Contained Metal: 86175Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:0932a3f49dae8a8284e7
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 7652664
- Grade
- 1.13
- Grade Unit
- %
- Contained Metal
- 86175
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Measured copper resource for the Errington deposit, forming a key part of the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“1.13”
Context: 7,652,664
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · zincTonnes: 7652664Grade: 3.61Grade Unit: %Contained Metal: 275910Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:0932a3f49dae8a8284e7
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 7652664
- Grade
- 3.61
- Grade Unit
- %
- Contained Metal
- 275910
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Measured zinc resource for the Errington deposit, contributing to the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“3.61”
Context: 7,652,664
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · leadTonnes: 7652664Grade: 0.99Grade Unit: %Contained Metal: 76089Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:0932a3f49dae8a8284e7
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 7652664
- Grade
- 0.99
- Grade Unit
- %
- Contained Metal
- 76089
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured lead resource for the Errington deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“0.99”
Context: 7,652,664
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · goldTonnes: 7652664Grade: 0.81Grade Unit: g/tContained Metal: 198143Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:0932a3f49dae8a8284e7
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 7652664
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 198143
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured gold resource for the Errington deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“0.81”
Context: 7,652,664
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · silverTonnes: 7652664Grade: 46.08Grade Unit: g/tContained Metal: 11337846Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:0932a3f49dae8a8284e7
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 7652664
- Grade
- 46.08
- Grade Unit
- g/t
- Contained Metal
- 11337846
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.54
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured silver resource for the Errington deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“46.08”
Context: 7,652,664
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
indicatedSudbury Basin Project · copperTonnes: 2968518Grade: 1.13Grade Unit: %Contained Metal: 33572Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:54a5adfc84269efae504
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2968518
- Grade
- 1.13
- Grade Unit
- %
- Contained Metal
- 33572
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Indicated copper resource for the Errington deposit, forming a key part of the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“1.13”
Context: 2,968,518
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
indicatedSudbury Basin Project · zincTonnes: 2968518Grade: 4.55Grade Unit: %Contained Metal: 134936Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:54a5adfc84269efae504
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2968518
- Grade
- 4.55
- Grade Unit
- %
- Contained Metal
- 134936
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Indicated zinc resource for the Errington deposit, contributing to the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“4.55”
Context: 2,968,518
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
indicatedSudbury Basin Project · leadTonnes: 2968518Grade: 1.3Grade Unit: %Contained Metal: 38475Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:54a5adfc84269efae504
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2968518
- Grade
- 1.3
- Grade Unit
- %
- Contained Metal
- 38475
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated lead resource for the Errington deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“1.30”
Context: 2,968,518
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
indicatedSudbury Basin Project · goldTonnes: 2968518Grade: 0.81Grade Unit: g/tContained Metal: 77051Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:54a5adfc84269efae504
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2968518
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 77051
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated gold resource for the Errington deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“0.81”
Context: 2,968,518
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
indicatedSudbury Basin Project · silverTonnes: 2968518Grade: 54.58Grade Unit: g/tContained Metal: 5209514Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:54a5adfc84269efae504
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 2968518
- Grade
- 54.58
- Grade Unit
- g/t
- Contained Metal
- 5209514
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.79
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated silver resource for the Errington deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“54.58”
Context: 2,968,518
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
measuredSudbury Basin Project · copperTonnes: 2000962Grade: 1.33Grade Unit: %Contained Metal: 26621Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:9dc32854b598ec67bb92
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000962
- Grade
- 1.33
- Grade Unit
- %
- Contained Metal
- 26621
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.05
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Measured copper resource for the Vermilion deposit, forming a key part of the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“1.33”
Context: 2,000,962
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · zincTonnes: 2000962Grade: 4.53Grade Unit: %Contained Metal: 90724Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:9dc32854b598ec67bb92
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000962
- Grade
- 4.53
- Grade Unit
- %
- Contained Metal
- 90724
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.05
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Measured zinc resource for the Vermilion deposit, contributing to the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“4.53”
Context: 2,000,962
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · leadTonnes: 2000962Grade: 1.24Grade Unit: %Contained Metal: 24804Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:9dc32854b598ec67bb92
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000962
- Grade
- 1.24
- Grade Unit
- %
- Contained Metal
- 24804
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.05
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured lead resource for the Vermilion deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“1.24”
Context: 2,000,962
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · goldTonnes: 2000962Grade: 0.9Grade Unit: g/tContained Metal: 58087Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:9dc32854b598ec67bb92
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000962
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 58087
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.05
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured gold resource for the Vermilion deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“0.90”
Context: 2,000,962
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
measuredSudbury Basin Project · silverTonnes: 2000962Grade: 56.75Grade Unit: g/tContained Metal: 3650558Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:9dc32854b598ec67bb92
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 2000962
- Grade
- 56.75
- Grade Unit
- g/t
- Contained Metal
- 3650558
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.05
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a Measured silver resource for the Vermilion deposit, contributing to the maiden MRE with high confidence.
Positive factors
- Maiden MRE
- Measured category (highest confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“56.75”
Context: 2,000,962
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
indicatedSudbury Basin Project · copperTonnes: 1582181Grade: 1.56Grade Unit: %Contained Metal: 24665Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:625859beae8d14e4bfe0
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1582181
- Grade
- 1.56
- Grade Unit
- %
- Contained Metal
- 24665
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.23
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Indicated copper resource for the Vermilion deposit, forming a key part of the maiden MRE with strong grade and high confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- Strong copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“1.56”
Context: 1,582,181
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
indicatedSudbury Basin Project · zincTonnes: 1582181Grade: 4.4Grade Unit: %Contained Metal: 69665Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:625859beae8d14e4bfe0
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1582181
- Grade
- 4.4
- Grade Unit
- %
- Contained Metal
- 69665
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.23
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is a significant Indicated zinc resource for the Vermilion deposit, contributing to the maiden MRE with good grade and high confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“4.40”
Context: 1,582,181
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
indicatedSudbury Basin Project · leadTonnes: 1582181Grade: 1.11Grade Unit: %Contained Metal: 17605Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:625859beae8d14e4bfe0
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1582181
- Grade
- 1.11
- Grade Unit
- %
- Contained Metal
- 17605
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.23
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated lead resource for the Vermilion deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“1.11”
Context: 1,582,181
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
indicatedSudbury Basin Project · goldTonnes: 1582181Grade: 0.91Grade Unit: g/tContained Metal: 46364Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:625859beae8d14e4bfe0
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1582181
- Grade
- 0.91
- Grade Unit
- g/t
- Contained Metal
- 46364
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.23
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated gold resource for the Vermilion deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“0.91”
Context: 1,582,181
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
indicatedSudbury Basin Project · silverTonnes: 1582181Grade: 54.05Grade Unit: g/tContained Metal: 2749567Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:625859beae8d14e4bfe0
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1582181
- Grade
- 54.05
- Grade Unit
- g/t
- Contained Metal
- 2749567
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3.23
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Indicated silver resource for the Vermilion deposit, contributing to the maiden MRE with good confidence.
Positive factors
- Maiden MRE
- Indicated category (good confidence)
- NI 43-101 compliant
- QP signed
Evidence · table
“54.05”
Context: 1,582,181
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
indicatedSudbury Basin Project · copperTonnes: 14204325Grade: 1.2Grade Unit: %Contained Metal: 171032Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2367eb5b62d68141e433
- Deposit or zone
- Global M+I Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 14204325
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 171032
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Measured and Indicated copper resource for the project, establishing a strong foundation with significant tonnage and good grade.
Positive factors
- Maiden MRE
- Significant M+I tonnage
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“1.20”
Context: 14,204,325
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
indicatedSudbury Basin Project · zincTonnes: 14204325Grade: 4.02Grade Unit: %Contained Metal: 571235Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2367eb5b62d68141e433
- Deposit or zone
- Global M+I Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 14204325
- Grade
- 4.02
- Grade Unit
- %
- Contained Metal
- 571235
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Measured and Indicated zinc resource for the project, establishing a strong foundation with significant tonnage and good grade.
Positive factors
- Maiden MRE
- Significant M+I tonnage
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Evidence · table
“4.02”
Context: 14,204,325
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
indicatedSudbury Basin Project · leadTonnes: 14204325Grade: 1.11Grade Unit: %Contained Metal: 156972Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2367eb5b62d68141e433
- Deposit or zone
- Global M+I Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 14204325
- Grade
- 1.11
- Grade Unit
- %
- Contained Metal
- 156972
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Measured and Indicated lead resource for the project, establishing a strong foundation with significant tonnage.
Positive factors
- Maiden MRE
- Significant M+I tonnage
- NI 43-101 compliant
- QP signed
Evidence · table
“1.11”
Context: 14,204,325
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
indicatedSudbury Basin Project · goldTonnes: 14204325Grade: 0.83Grade Unit: g/tContained Metal: 379644Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2367eb5b62d68141e433
- Deposit or zone
- Global M+I Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 14204325
- Grade
- 0.83
- Grade Unit
- g/t
- Contained Metal
- 379644
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Measured and Indicated gold resource for the project, establishing a strong foundation with significant tonnage.
Positive factors
- Maiden MRE
- Significant M+I tonnage
- NI 43-101 compliant
- QP signed
Evidence · table
“0.83”
Context: 14,204,325
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
indicatedSudbury Basin Project · silverTonnes: 14204325Grade: 50.25Grade Unit: g/tContained Metal: 22947485Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2367eb5b62d68141e433
- Deposit or zone
- Global M+I Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 14204325
- Grade
- 50.25
- Grade Unit
- g/t
- Contained Metal
- 22947485
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Measured and Indicated silver resource for the project, establishing a strong foundation with significant tonnage.
Positive factors
- Maiden MRE
- Significant M+I tonnage
- NI 43-101 compliant
- QP signed
Evidence · table
“50.25”
Context: 14,204,325
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
inferredSudbury Basin Project · copperTonnes: 804289Grade: 1.24Grade Unit: %Contained Metal: 10011Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:e629dc5ca4244098c207
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 804289
- Grade
- 1.24
- Grade Unit
- %
- Contained Metal
- 10011
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.81
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred copper resource for the Errington deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.24”
Context: 804,289
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
inferredSudbury Basin Project · zincTonnes: 804289Grade: 4.3Grade Unit: %Contained Metal: 34614Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:e629dc5ca4244098c207
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 804289
- Grade
- 4.3
- Grade Unit
- %
- Contained Metal
- 34614
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.81
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred zinc resource for the Errington deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“4.30”
Context: 804,289
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
inferredSudbury Basin Project · leadTonnes: 804289Grade: 1.2Grade Unit: %Contained Metal: 9646Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:e629dc5ca4244098c207
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 804289
- Grade
- 1.2
- Grade Unit
- %
- Contained Metal
- 9646
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.81
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred lead resource for the Errington deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.20”
Context: 804,289
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
inferredSudbury Basin Project · goldTonnes: 804289Grade: 0.79Grade Unit: g/tContained Metal: 20363Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:e629dc5ca4244098c207
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 804289
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 20363
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.81
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred gold resource for the Errington deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“0.79”
Context: 804,289
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
inferredSudbury Basin Project · silverTonnes: 804289Grade: 51.79Grade Unit: g/tContained Metal: 1339190Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:e629dc5ca4244098c207
- Deposit or zone
- Errington
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 804289
- Grade
- 51.79
- Grade Unit
- g/t
- Contained Metal
- 1339190
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.81
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred silver resource for the Errington deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“51.79”
Context: 804,289
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
inferredSudbury Basin Project · copperTonnes: 357339Grade: 1.11Grade Unit: %Contained Metal: 3975Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2a6e02735f72ba7c8182
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 357339
- Grade
- 1.11
- Grade Unit
- %
- Contained Metal
- 3975
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred copper resource for the Vermilion deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good copper grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.11”
Context: 357,339
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
inferredSudbury Basin Project · zincTonnes: 357339Grade: 4.92Grade Unit: %Contained Metal: 17571Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2a6e02735f72ba7c8182
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 357339
- Grade
- 4.92
- Grade Unit
- %
- Contained Metal
- 17571
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred zinc resource for the Vermilion deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“4.92”
Context: 357,339
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
inferredSudbury Basin Project · leadTonnes: 357339Grade: 1.24Grade Unit: %Contained Metal: 4428Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2a6e02735f72ba7c8182
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 357339
- Grade
- 1.24
- Grade Unit
- %
- Contained Metal
- 4428
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred lead resource for the Vermilion deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.24”
Context: 357,339
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
inferredSudbury Basin Project · goldTonnes: 357339Grade: 1.08Grade Unit: g/tContained Metal: 12400Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2a6e02735f72ba7c8182
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 357339
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 12400
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred gold resource for the Vermilion deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.08”
Context: 357,339
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
inferredSudbury Basin Project · silverTonnes: 357339Grade: 58.15Grade Unit: g/tContained Metal: 668051Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:2a6e02735f72ba7c8182
- Deposit or zone
- Vermilion
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 357339
- Grade
- 58.15
- Grade Unit
- g/t
- Contained Metal
- 668051
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 3
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred silver resource for the Vermilion deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“58.15”
Context: 357,339
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
inferredSudbury Basin Project · copperTonnes: 2274831Grade: 0.93Grade Unit: %Contained Metal: 21126Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:52ab66ca93110b0fa6de
- Deposit or zone
- Balfour
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2274831
- Grade
- 0.93
- Grade Unit
- %
- Contained Metal
- 21126
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred copper resource for the Balfour deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“0.93”
Context: 2,274,831
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
inferredSudbury Basin Project · zincTonnes: 2274831Grade: 4.68Grade Unit: %Contained Metal: 106548Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:52ab66ca93110b0fa6de
- Deposit or zone
- Balfour
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2274831
- Grade
- 4.68
- Grade Unit
- %
- Contained Metal
- 106548
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred zinc resource for the Balfour deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good zinc grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“4.68”
Context: 2,274,831
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
inferredSudbury Basin Project · leadTonnes: 2274831Grade: 1.99Grade Unit: %Contained Metal: 45207Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:52ab66ca93110b0fa6de
- Deposit or zone
- Balfour
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2274831
- Grade
- 1.99
- Grade Unit
- %
- Contained Metal
- 45207
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred lead resource for the Balfour deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.99”
Context: 2,274,831
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
inferredSudbury Basin Project · goldTonnes: 2274831Grade: 0.41Grade Unit: g/tContained Metal: 29982Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:52ab66ca93110b0fa6de
- Deposit or zone
- Balfour
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2274831
- Grade
- 0.41
- Grade Unit
- g/t
- Contained Metal
- 29982
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred gold resource for the Balfour deposit, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“0.41”
Context: 2,274,831
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
inferredSudbury Basin Project · silverTonnes: 2274831Grade: 73.08Grade Unit: g/tContained Metal: 5345239Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:52ab66ca93110b0fa6de
- Deposit or zone
- Balfour
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2274831
- Grade
- 73.08
- Grade Unit
- g/t
- Contained Metal
- 5345239
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This is an Inferred silver resource for the Balfour deposit, contributing to the maiden MRE with good grade but lower confidence due to its category.
Positive factors
- Maiden MRE
- Good silver grade for VMS deposit
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“73.08”
Context: 2,274,831
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
inferredSudbury Basin Project · copperTonnes: 3436459Grade: 1.02Grade Unit: %Contained Metal: 35113Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:f6cb56b898f47e992d03
- Deposit or zone
- Global Inferred Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3436459
- Grade
- 1.02
- Grade Unit
- %
- Contained Metal
- 35113
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Inferred copper resource for the project, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- Significant Inferred tonnage
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.02”
Context: 3,436,459
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
inferredSudbury Basin Project · zincTonnes: 3436459Grade: 4.62Grade Unit: %Contained Metal: 158733Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- zinc
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:f6cb56b898f47e992d03
- Deposit or zone
- Global Inferred Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3436459
- Grade
- 4.62
- Grade Unit
- %
- Contained Metal
- 158733
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Inferred zinc resource for the project, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- Significant Inferred tonnage
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“4.62”
Context: 3,436,459
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
inferredSudbury Basin Project · leadTonnes: 3436459Grade: 1.73Grade Unit: %Contained Metal: 59282Contained Unit: tView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- lead
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:f6cb56b898f47e992d03
- Deposit or zone
- Global Inferred Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3436459
- Grade
- 1.73
- Grade Unit
- %
- Contained Metal
- 59282
- Contained Unit
- t
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Inferred lead resource for the project, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- Significant Inferred tonnage
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“1.73”
Context: 3,436,459
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
inferredSudbury Basin Project · goldTonnes: 3436459Grade: 0.57Grade Unit: g/tContained Metal: 62745Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:f6cb56b898f47e992d03
- Deposit or zone
- Global Inferred Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3436459
- Grade
- 0.57
- Grade Unit
- g/t
- Contained Metal
- 62745
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Inferred gold resource for the project, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- Significant Inferred tonnage
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“0.57”
Context: 3,436,459
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
inferredSudbury Basin Project · silverTonnes: 3436459Grade: 66.55Grade Unit: g/tContained Metal: 7352480Contained Unit: ozView all detailsHide details
Identity
- Project
- Sudbury Basin Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- Ontario
- Ticker
- EM.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson
- Resource group id
- resource:f6cb56b898f47e992d03
- Deposit or zone
- Global Inferred Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3436459
- Grade
- 66.55
- Grade Unit
- g/t
- Contained Metal
- 7352480
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-09-20
Metal Equivalent
- Metal Eq. Grade
- 2.67
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- ALS Canada, Activation Labs, MSALABS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This represents the total Inferred silver resource for the project, contributing to the maiden MRE but with lower confidence due to its category.
Positive factors
- Maiden MRE
- Significant Inferred tonnage
- NI 43-101 compliant
- QP signed
Negative factors
- Inferred category (lower confidence)
Evidence · table
“66.55”
Context: 3,436,459
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
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.