# Fathom Announces Maiden MRE for Gochager Lake

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a

Original source: https://webfiles-primary.thecse.com/news_releases/en/3348/f3756bb3-f1ba-4942-a380-457c37595cca

Publisher: cse

Original announcement: 2026-09-16T12:55:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-16T15:30:11.344Z

Atlas analysis updated: 2026-09-16T15:30:11.344Z

- Company: Fathom Nickel Inc.

- Ticker: FNI

- Exchange: CSE

- Region: Saskatchewan

- Primary commodity: Nickel

- Secondary commodities: Copper, Cobalt

- Document categories: Resource update

- Extracted: 2026-09-16 15:30:11 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Fathom Nickel has announced its maiden Mineral Resource Estimate for the Gochager Lake Ni-Cu-Co Deposit in Saskatchewan. The estimate comprises 858,701 tonnes of Indicated and 3,103,916 tonnes of Inferred resources, with nickel being the primary metal. The deposit remains open for expansion along strike and at depth.

Reasoning: The announcement of a maiden MRE for a Ni-Cu-Co deposit provides a significant baseline for the project, though metallurgical risk remains due to the lack of site-specific testing.

- Positive factor: Maiden Mineral Resource Estimate established

- Positive factor: Significant tonnage and grade for an emerging system

- Positive factor: Deposit remains open along strike and at depth

- Positive factor: High-grade NiEq zones identified within the resource

- Negative factor: No project-specific metallurgical test work completed

- Negative factor: Recoveries are based on analogous deposits \(preliminary\)

- Negative factor: Resource is 100% Inferred/Indicated with no Measured category

Facts used in scoring: 24

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The announcement is for the first formal MRE for the Gochager Lake Deposit.

Evidence · text

> FATHOM NICKEL ANNOUNCES MAIDEN MINERAL RESOURCE

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The MRE was prepared in accordance with NI 43-101 standards.

Evidence · text

> in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum \(“CIM”\) Definition Standards for Mineral Resources and Mineral Reserves and Canadian National Instrument 43-101

**QP/CP Signed**

Polarity: positive

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

Why it applies: Qualified Persons Scott Jobin-Bevans and Curtis Ferron are named as responsible for the estimate.

Evidence · text

> The Qualified Persons responsible for the Mineral Resource Estimate are Scott Jobin-Bevans \(P.Geo.\) and Curtis Ferron \(P.Geo.\)

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: The NSR cut-off grades for pit-constrained and out-of-pit resources are clearly stated.

Evidence · text

> Pit Constrained and $20.48/t NSR COG

## Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

## Resource Estimates (24)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-0)

Gochager Lake Project · nickel

#### Identity

- Project: Gochager Lake Project
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a5c5a38f598cba7a9b6b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 0.41
- Grade Unit: %
- Contained Metal: 7734799
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate.

- Positive factor: Maiden resource

Evidence · text

> Total Indicated Mineral Resources of 858,701 tonnes at 0.41% Ni

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-1)

Gochager Lake Project · copper

#### Identity

- Project: Gochager Lake Project
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a5c5a38f598cba7a9b6b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 0.12
- Grade Unit: %
- Contained Metal: 2197324
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Copper is a significant byproduct in this indicated resource.

Evidence · text

> 0.12% Cu

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-2)

Gochager Lake Project · cobalt

#### Identity

- Project: Gochager Lake Project
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a5c5a38f598cba7a9b6b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 0.03
- Grade Unit: %
- Contained Metal: 638053
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Cobalt is a minor byproduct component.

Evidence · text

> 0.03% Co

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-3)

Gochager Lake Project · nickel

#### Identity

- Project: Gochager Lake Project
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:2589fa717d6bf4cac590
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 0.32
- Grade Unit: %
- Contained Metal: 22108763
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence.

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · text

> Total Inferred Mineral Resources of 3,103,916 tonnes at 0.32% Ni

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-4)

Gochager Lake Project · copper

#### Identity

- Project: Gochager Lake Project
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:2589fa717d6bf4cac590
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 0.09
- Grade Unit: %
- Contained Metal: 6293387
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Copper byproduct in inferred resource.

Evidence · text

> 0.09% Cu

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-5)

Gochager Lake Project · cobalt

#### Identity

- Project: Gochager Lake Project
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:2589fa717d6bf4cac590
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 0.03
- Grade Unit: %
- Contained Metal: 1788850
- Contained Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Cobalt byproduct in inferred resource.

Evidence · text

> 0.03% Co

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-6)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:9cd7dcc739a0aa1be697
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 631241
- Grade: 5579751
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 5,579,751

Context: 631,241

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-7)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:9cd7dcc739a0aa1be697
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 631241
- Grade: 1547491
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 1,547,491

Context: 631,241

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-8)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:9cd7dcc739a0aa1be697
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 631241
- Grade: 461875
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 461,875

Context: 631,241

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-9)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:fdbeb7246c5107425e97
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1838107
- Grade: 11536642
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 11,536,642

Context: 1,838,107

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-10)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:fdbeb7246c5107425e97
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1838107
- Grade: 3478613
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 3,478,613

Context: 1,838,107

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-11)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:fdbeb7246c5107425e97
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1838107
- Grade: 930856
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 930,856

Context: 1,838,107

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-12)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a6b0a65948cdc42154b5
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 227460
- Grade: 2155048
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 2,155,048

Context: 227,460

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-13)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a6b0a65948cdc42154b5
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 227460
- Grade: 649832
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 649,832

Context: 227,460

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-14)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:a6b0a65948cdc42154b5
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 227460
- Grade: 176178
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 176,178

Context: 227,460

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-15)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:485b98e292f718059c1b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1265809
- Grade: 10572121
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 10,572,121

Context: 1,265,809

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-16)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:485b98e292f718059c1b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1265809
- Grade: 2814774
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 2,814,774

Context: 1,265,809

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-17)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:485b98e292f718059c1b
- Deposit or zone: Gochager Lake
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 1265809
- Grade: 857993
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 857,993

Context: 1,265,809

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-18)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:3e367b4aed7a6a4285a3
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 7734799
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 7,734,799

Context: 858,701

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-19)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:3e367b4aed7a6a4285a3
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 2197324
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 2,197,324

Context: 858,701

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-20)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:3e367b4aed7a6a4285a3
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 858701
- Grade: 638053
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Indicated nickel grade of 0.41% is solid for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Maiden resource

Evidence · table

> 638,053

Context: 858,701

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-21)

Gochager Lake Ni-Cu-Co · nickel

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: nickel
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:4fe2ebf5b10cb7185421
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 22108763
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 22,108,763

Context: 3,103,916

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-22)

Gochager Lake Ni-Cu-Co · copper

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: copper
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:4fe2ebf5b10cb7185421
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 6293387
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 6,293,387

Context: 3,103,916

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/fathom-announces-maiden-mre-for-gochager-lake--5283a664-4c44-4949-991c-d8b7cd93f32a#fact-resource-facts-23)

Gochager Lake Ni-Cu-Co · cobalt

#### Identity

- Project: Gochager Lake Ni-Cu-Co
- Commodity: cobalt
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: FNI

#### Resource scope

- Estimate type: resource
- Effective date: 2026-06-09T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Scott Jobin-Bevans, Curtis Ferron
- Resource group id: resource:4fe2ebf5b10cb7185421
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 3103916
- Grade: 1788850
- Grade Unit: lb

#### Prior Estimate

- Resource Date: 2026-06-09

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Large inferred tonnage provides significant scale but lower confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage

- Negative factor: Inferred category

Evidence · table

> 1,788,850

Context: 3,103,916

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

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

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

## 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.