# FOKUS PUBLISHES VERY POSITIVE GOLD PRICE SENSITIVITY RESULTS ON ITS INITIAL RESOURCE ESTIMATE FOR THE GALLOWAY GOLD PROJECT Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--997c964d-3e15-48b5-b933-8117509a783e Original source: https://money.tmx.com/en/quote/FKM/news/5692307207739598/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso Publisher: tmx Original announcement: 2024-07-04T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Fokus Mining Corporation - Ticker: FKM - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-08-23 11:01:44 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Fokus Mining Corporation has released gold price sensitivity results for its Galloway gold project in Quebec. The analysis shows that at a gold price of US$2,300/oz and a 0.70 cut-off, the inferred resource expands to 2.71 million ounces, compared to 1.4 million ounces at US$1,750/oz. Reasoning: The announcement demonstrates high resource leverage, showing that a gold price increase from US$1,750 to US$2,300 nearly doubles the inferred gold resource from 1.4 Moz to 2.71 Moz. - Positive factor: Significant resource leverage to gold price - Positive factor: Inferred resource increases from 1.4 Moz to 2.71 Moz at US$2,300/oz - Positive factor: NI 43-101 compliant - Positive factor: QP sign-off provided - Negative factor: All resources are Inferred - Negative factor: Sensitivity model does not assess open pit potential 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 reported resource is entirely in the inferred category. Evidence · text > inferred resources would be estimated at 2.71 million ounces of gold **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated as NI 43-101 compliant. Evidence · text > initial NI 43-101 Mineral Resource estimate \("MRI"\) **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: Gilles Laverdière, P. Geo, is named as the Qualified Person. Evidence · text > reviewed and approved by Gilles Laverdière, P. Geo. ## 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/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--997c964d-3e15-48b5-b933-8117509a783e#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: FKM #### Resource Data - Category: inferred - Contained Metal: 2710000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Sensitivity result showing 2.71 Moz at US$2,300/oz gold price. - Positive factor: High contained metal at higher price - Negative factor: Inferred category only Evidence · text > inferred resources would be estimated at 2.71 million ounces of gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--997c964d-3e15-48b5-b933-8117509a783e#fact-resource-facts-1) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: FKM #### Resource Data - Category: inferred - Contained Metal: 1400000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-03-23T00:00:00.000Z #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Historical baseline resource from March 2023 release. Evidence · text > inferred resources were estimated at 1.4 million ounces of gold ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--997c964d-3e15-48b5-b933-8117509a783e#fact-resource-facts-2) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: FKM #### Resource Data - Category: inferred - Contained Metal: 1419000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-03-23T00:00:00.000Z #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Detailed historical baseline mentioned in the company description. Evidence · text > delineate a NI 43-101 inferred resource of 1.419 million ounces of gold ## 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.