# FLORIDA CANYON FEASIBILITY STUDY DELIVERS SUBSTANTIAL INCREASE IN MINERAL RESERVE, GOLD PRODUCTION OVER AN 8-YEAR MINE LIFE AND US$0.8 BILLION IN AFTER-TAX FREE CASH FLOW; PROVIDES OPERATIONAL UPDATE Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea Original source: https://orestocks.com/company/ITR.V/press-releases/6116012256544573 Publisher: orestocks Original announcement: 2026-06-25T14:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T04:35:57.020Z Atlas analysis updated: 2026-10-01T04:35:57.020Z - Company: Integra Resources Corp. - Ticker: ITR - Exchange: TSXV - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-10-01 04:35:57 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Integra Resources Corp. announced an updated Feasibility Study for its Florida Canyon Mine in Nevada, reporting a substantial 74% increase in Proven and Probable gold reserves to 1.19 million ounces. The study outlines an 8-year mine life with average annual gold production of 82,000 ounces and projected after-tax free cash flow of US$0.8 billion. The updated Mineral Resource Estimate also shows a 128% increase in oxide Measured and Indicated resources, incorporating new drilling and a revised geological interpretation. Reasoning: The updated Feasibility Study and Mineral Reserve/Resource Estimate for Florida Canyon demonstrate a significant improvement in project economics, reserve base, and mine life, driven by a 74% increase in Proven and Probable gold reserves and robust cash flow projections, despite a short-term increase in 2026 AISC guidance. - Positive factor: Substantial 74% increase in Proven and Probable Mineral Reserves - Positive factor: Extended mine life to 8 years with robust gold production - Positive factor: Project expected to generate US$0.8 billion in after-tax free cash flow - Positive factor: Updated Mineral Resource Estimate incorporates revised geological interpretation and new drilling - Positive factor: NI 43-101 compliant and signed off by multiple Qualified Persons - Negative factor: 2026 site-level AISC guidance revised upwards due to short-term investments and inflationary pressures Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 13 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: The Proven and Probable Mineral Reserve increased by 74% from 685 Koz Au to 1.19 Moz Au. Evidence · text > a 74% increase in Proven and Probable Mineral Reserves **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The Proven and Probable Mineral Reserve increased by 506 Koz Au. Evidence · text > a 506 Koz Au increase in P&P **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Technical Report and estimates were prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and 2014 CIM Definition Standards. Evidence · text > prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects **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: Multiple Qualified Persons are listed as having reviewed and approved the news release and estimates as defined by NI 43-101. Evidence · text > The following independent Qualified Persons with associated firms have reviewed and approved this news release as defined by NI 43-101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces the results of an updated Technical Report Feasibility Study and Life-of-Mine Plan, including updated Mineral Resource and Reserve Estimates. Evidence · text > results of its updated Technical Report Feasibility Study and Life-of-Mine Plan **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 updated MRE includes a new estimate for the Standard Mine, indicating it is a maiden resource for this specific area. Evidence · text > including a MRE on the Standard Mine located south of Florida Canyon **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the reported Mineral Resources, including for Florida Canyon Sulphide and Standard Mine, are in the Inferred category. Evidence · table > Inferred Context: Mineral Resources GOLD \(Au\) **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: All reported Mineral Reserves are classified as Probable, indicating a reasonable level of confidence for economic viability. Evidence · table > Probable Context: Mineral Reserves GOLD \(Au\) **Open Pit Mining** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The mine plan is based on conventional open-pit mining methods. Evidence · text > Mining is currently conducted as a conventional open-pit operation **Heap Leach Route** Polarity: neutral Story-specific tag Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: The processing methods described involve heap-leach processing. Evidence · text > heap-leach processing methods ## Extracted facts Stored fact records: 13. Some facts used in scoring do not have a stored record. ## Resource Estimates (13) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-0) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:849c160f58eac1d70c5c - Deposit or zone: Florida Canyon Mine - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 171842000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1706 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Indicated resource for Florida Canyon Oxide material contributes significantly to the overall resource base, providing a higher confidence category for future mine planning within the updated Feasibility Study. - Positive factor: Significant Indicated resource tonnage - Positive factor: Part of an updated Feasibility Study - Positive factor: NI 43-101 compliant - Positive factor: QP/CP Signed Evidence · table > 171,842 Context: Florida Canyon Mine #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-1) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:a8b7b2cd465445deae68 - Deposit or zone: Florida Canyon Mine - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 53312000 - Grade: 0.25 - Grade Unit: g/t - Contained Metal: 433 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Inferred resource provides additional exploration upside for the Florida Canyon Oxide material, though its lower confidence category means it cannot directly support economic studies without further drilling. - Positive factor: Adds to overall resource potential - Positive factor: Part of an updated Feasibility Study - Positive factor: NI 43-101 compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 53,312 Context: Florida Canyon Mine #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-2) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:51cc4ea6dd69d81238bf - Deposit or zone: Florida Canyon Mine - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 104004000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 2876 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Inferred sulphide resource at Florida Canyon represents substantial gold potential at a higher grade than oxide material, but requires further drilling to upgrade confidence for economic studies. - Positive factor: Significant Inferred resource tonnage and grade for sulphide material - Positive factor: Adds to overall resource potential - Positive factor: NI 43-101 compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 104,004 Context: Sulphide #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-3) Standard Mine · gold #### Identity - Project: Standard Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:cc412cf76444de2b030d - Deposit or zone: Standard Mine - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 8532000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 135 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This maiden Inferred resource for the Standard Mine's oxide material provides new exploration potential, contributing to the overall project's resource base, though its confidence level is low. - Positive factor: New resource for Standard Mine adds to overall project potential - Positive factor: NI 43-101 compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 8,532 Context: Standard Mine #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-4) Standard Mine · gold #### Identity - Project: Standard Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:9b6a17988079173a25f4 - Deposit or zone: Standard Mine - Material type: sulphide #### Resource Data - Category: inferred - Tonnes: 30000 - Grade: 1.47 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.456 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This small Inferred sulphide resource at Standard Mine adds minor potential, but its very limited tonnage and low confidence category make it less material. - Positive factor: Adds to overall resource potential for Standard Mine - Positive factor: Higher grade sulphide material - Negative factor: Very small tonnage - Negative factor: Inferred category has lower geological confidence Evidence · table > 30 Context: Sulphide #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-5) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:7efd81e967b119644f02 - Deposit or zone: TOTAL - Material type: mixed #### Resource Data - Category: indicated - Tonnes: 171842000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1706 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Indicated resource for the project provides a substantial, higher-confidence base for economic evaluation within the updated Feasibility Study. - Positive factor: Significant total Indicated resource tonnage - Positive factor: Part of an updated Feasibility Study - Positive factor: NI 43-101 compliant - Positive factor: QP/CP Signed Evidence · table > 171,842 Context: TOTAL #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-6) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:27bd29c7d52400c8a5ba - Deposit or zone: TOTAL - Material type: mixed #### Resource Data - Category: inferred - Tonnes: 165879000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 3446 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Inferred resource provides substantial additional gold potential for the project, but its lower confidence category requires further work for economic conversion. - Positive factor: Significant total Inferred resource tonnage and grade - Positive factor: Adds to overall resource potential - Positive factor: NI 43-101 compliant - Negative factor: Inferred category has lower geological confidence Evidence · table > 165,879 Context: TOTAL #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-7) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:b6809c5147c7adfdb880 - Deposit or zone: Florida Canyon Mine - Material type: stockpile #### Resource Data - Category: inferred - Tonnes: 1094000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 6.78 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The inclusion of existing stockpile material in the MRE adds readily available gold ounces, contributing positively to the project's overall resource base. - Positive factor: Stockpile material provides readily accessible resource - Positive factor: Included in updated MRE Evidence · text > Mineral Resources include a stockpile of 1,094 kt at an average grade of 0.21 g/t and total contain gold of 6.78 Koz. #### 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-8) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:f310104c4904dd62fd2c - Deposit or zone: Florida Canyon Mine - Material type: Heap Leach Inventory #### Resource Data - Category: inferred - Tonnes: 6648000 - Grade: 0.29 - Grade Unit: g/t - Contained Metal: 56.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The inclusion of existing heap leach inventory in the MRE adds readily available gold ounces, contributing positively to the project's overall resource base. - Positive factor: Heap leach inventory provides readily accessible resource - Positive factor: Included in updated MRE Evidence · text > Mineral Resources include Heap Leach Inventory of 6,648 kt at an average grade of 0.29 g/t and total contained gold of 56.5 Koz. #### 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-9) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:5cc013869b5a5e7f8c93 - Deposit or zone: Florida Canyon Mine - Material type: oxide #### Resource Data - Category: probable - Tonnes: 118471000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1191 - Contained Unit: koz - Cutoff Grade: 0.14 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 - Prior Contained Metal: 685 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This updated Probable Reserve represents a substantial 74% increase in contained gold, extending the mine life and underpinning robust project economics with significant after-tax free cash flow, making it highly material and novel. - Positive factor: Substantial 74% increase in Proven and Probable Mineral Reserves - Positive factor: Extended mine life to 8 years - Positive factor: Underpins robust project economics and cash flow - Positive factor: NI 43-101 compliant - Positive factor: QP/CP Signed Evidence · table > 118,471 Context: Florida Canyon Mine #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1191 against 685 previously ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-10) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:bb4ac7fac3f21b812d64 - Deposit or zone: TOTAL - Material type: oxide #### Resource Data - Category: probable - Tonnes: 118471000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1191 - Contained Unit: koz - Cutoff Grade: 0.14 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 - Prior Contained Metal: 685 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Probable Reserve for the project reflects a substantial increase in contained gold, forming the basis for the positive economic outlook and extended mine life presented in the Feasibility Study. - Positive factor: Substantial 74% increase in Proven and Probable Mineral Reserves - Positive factor: Extended mine life to 8 years - Positive factor: Underpins robust project economics and cash flow - Positive factor: NI 43-101 compliant - Positive factor: QP/CP Signed Evidence · table > 118,471 Context: TOTAL #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1191 against 685 previously ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-11) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:1926d7673535cc04640e - Deposit or zone: Florida Canyon Mine - Material type: stockpile #### Resource Data - Category: probable - Tonnes: 1094000 - Grade: 0.21 - Grade Unit: g/t - Contained Metal: 6.78 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The inclusion of existing stockpile material in the Mineral Reserve adds readily available gold ounces, contributing positively to the project's overall reserve base. - Positive factor: Stockpile material provides readily accessible reserve - Positive factor: Included in updated Mineral Reserve Evidence · text > Mineral Reserves include a stockpile of 1,094 kt at an average grade of 0.21 g/t and total contained gold of 6.78 Koz. #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--12536286-4721-4a5f-a541-9599c0db9cea#fact-resource-facts-12) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101, jorc - QP Signed: Yes - Qualified person names: James Frost, Antoine Teixeira de Carvalho, Dave Swanton, Hamad Samari, Larry Breckenridge, Maxime Lamothe, Terre Lane, Todd Harvey - Resource group id: resource:5d757ee9feb4037a3504 - Deposit or zone: Florida Canyon Mine - Material type: Heap Leach Inventory #### Resource Data - Category: probable - Tonnes: 6648000 - Grade: 0.29 - Grade Unit: g/t - Contained Metal: 56.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The inclusion of existing heap leach inventory in the Mineral Reserve adds readily available gold ounces, contributing positively to the project's overall reserve base. - Positive factor: Heap leach inventory provides readily accessible reserve - Positive factor: Included in updated Mineral Reserve Evidence · text > Mineral Reserves include Heap Leach Inventory of 6,648 kt at an average grade of 0.29 g/t and total contained gold of 56.5 Koz. #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 ## 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.