# First Phosphate Files NI 43-101 Technical Report for Updated Mineral Resource Estimate for B&\#xE9;gin-Lamarche Igneous Phosphate Deposit Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/first-phosphate-files-ni-43-101-technical-report-for-updated-mineral-resource-es--aaffd814-3295-472f-92b6-2ef717f7b8f9 Original source: https://orestocks.com/company/PHOS.CN/press-releases/4661402226310226 Publisher: orestocks Original announcement: 2026-08-24T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: First Phosphate Corp - Ticker: PHOS - Exchange: Unavailable - Region: Quebec, Canada - Primary commodity: Phosphate - Secondary commodities: None reported - Document categories: Resource update, Metallurgy - Extracted: 2026-08-24 13:18:40 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary First Phosphate Corp has filed an updated NI 43-101 Technical Report for the Bégin-Lamarche project, featuring a significant 378% increase in Indicated Mineral Resources. The updated estimate includes a total resource of 294.2 Mt of phosphate, with metallurgical test work supporting high-grade concentrate production. Reasoning: The update shows massive growth in Indicated resources \(378%\) and provides high-confidence metallurgical indicators for a critical mineral project. - Positive factor: Significant Indicated resource growth \(378%\) - Positive factor: Large total resource scale - Positive factor: High-grade concentrate potential - Positive factor: Strategic location and infrastructure - Positive factor: Critical mineral status Facts used in scoring: 4 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Indicated Mineral Resources increased by 378% over the initial MRE. Evidence · text > includes a 378% increase in Indicated Mineral Resources **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: Mr. Antoine Yassa, P.Geo., is named as the Qualified Person responsible for the estimate. Evidence · text > The Qualified Person... is Mr. Antoine Yassa, P.Geo. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/first-phosphate-files-ni-43-101-technical-report-for-updated-mineral-resource-es--aaffd814-3295-472f-92b6-2ef717f7b8f9#fact-resource-facts-0) phosphate #### Identity - Commodity: phosphate - Ticker: PHOS #### Resource Data - Category: measured - Tonnes: 6200000 - Grade: 7.7 - Grade Unit: % P2O5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Measured resource component of the updated MRE. - Positive factor: High grade for measured category Evidence · text > Measuredpit-constrained Mineral Resource: 6.2 Mt @ 7.70% P2O5\(phosphate\). ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/first-phosphate-files-ni-43-101-technical-report-for-updated-mineral-resource-es--aaffd814-3295-472f-92b6-2ef717f7b8f9#fact-resource-facts-1) phosphate #### Identity - Commodity: phosphate - Ticker: PHOS #### Resource Data - Category: indicated - Tonnes: 198500000 - Grade: 6 - Grade Unit: % P2O5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Primary driver of the update; 378% increase in Indicated category. - Positive factor: Massive tonnage increase - Positive factor: Significant Indicated resource growth Evidence · text > Indicatedpit-constrained Mineral Resource: 198.5 Mt @ 6.00% P2O5. ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/first-phosphate-files-ni-43-101-technical-report-for-updated-mineral-resource-es--aaffd814-3295-472f-92b6-2ef717f7b8f9#fact-resource-facts-2) phosphate #### Identity - Commodity: phosphate - Ticker: PHOS #### Resource Data - Category: inferred - Tonnes: 89500000 - Grade: 6.16 - Grade Unit: % P2O5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Inferred component of the updated MRE. - Positive factor: Substantial inferred tonnage Evidence · text > Inferredpit-constrained Mineral Resource: 89.5 Mt @ 6.16% P2O5. ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/first-phosphate-files-ni-43-101-technical-report-for-updated-mineral-resource-es--aaffd814-3295-472f-92b6-2ef717f7b8f9#fact-resource-facts-3) phosphate #### Identity - Commodity: phosphate - Ticker: PHOS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-24T00:00:00.000Z Reasoning: Metallurgical results support high-grade concentrate production. - Positive factor: High concentrate grade - Positive factor: Strong recovery rate Evidence · text > anticipated apatite concentrate grade of 40.4% P2O5at an 88% process recovery rate ## 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.