# Five Uncounted Zones Could Lift ValOre's 2.2-Million-Ounce Estimate Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--c2fc097b-a5ac-4177-9889-a9f3bada59d8 Original source: https://www.cruxinvestor.com/posts/five-uncounted-zones-could-lift-valores-2-2-million-ounce-estimate Publisher: cruxinvestor Original announcement: 2026-09-18T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-19T00:02:06.025Z Atlas analysis updated: 2026-09-19T00:02:06.025Z - Company: ValOre Metals Corp. - Ticker: VO - Exchange: Unavailable - Region: Ceará State, Brazil - Primary commodity: Platinum - Secondary commodities: Palladium, Gold - Document categories: Resource update - Extracted: 2026-09-19 00:02:06 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary ValOre Metals Corp. is scheduled to release a resource update for its Pedra Branca project in Brazil in Q3 2026. This update is expected to include five new zones drilled in 2023, potentially increasing the current 2.2 million ounce inferred resource of platinum, palladium, and gold. Reasoning: The article discusses a pending resource update that is expected to incorporate significant new drilling \(6,000m\) not included in the current 2.2Moz inferred resource. - Positive factor: Upcoming resource update expected to include 5 new zones drilled in 2023 - Positive factor: Grade of 1.08 g/t is higher than North American peers - Positive factor: Scheduled PEA in Q4 2026 provides clear development roadmap - Negative factor: Current resource is entirely Inferred \(lowest confidence\) - Negative factor: Existing estimate is from 2022 \(stale data\) - Negative factor: No tonnage or grade disclosed for the 5 new zones yet Facts used in scoring: 3 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The 2.2 million ounce estimate is explicitly described as an inferred resource. Evidence · text > it gives the project an inferred resource of 2.2 million ounces **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The article focuses on a scheduled resource update for Q3 2026. Evidence · text > ValOre has scheduled a Pedra Branca resource update for the third quarter of 2026 ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--c2fc097b-a5ac-4177-9889-a9f3bada59d8#fact-resource-facts-0) Pedra Branca · platinum Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: platinum - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Resource group id: resource:65f481f2d8ee0a1c7eaa #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-03-08T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category represents lowest confidence Evidence · text > gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### 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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--c2fc097b-a5ac-4177-9889-a9f3bada59d8#fact-resource-facts-1) Pedra Branca · palladium Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: palladium - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Resource group id: resource:65f481f2d8ee0a1c7eaa #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-03-08T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category represents lowest confidence Evidence · text > gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### 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 **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--c2fc097b-a5ac-4177-9889-a9f3bada59d8#fact-resource-facts-2) Pedra Branca · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: gold - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Resource group id: resource:65f481f2d8ee0a1c7eaa #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-03-08T00:00:00.000Z #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category represents lowest confidence Evidence · text > gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### 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 **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ## 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.