# Freegold Significantly Upgrades and Expands Resources at Golden Summit

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87

Original source: https://money.tmx.com/en/quote/FVL/news/7268983464614104/freegold-significantly-upgrades-and-expands-resources-at-golden-summit

Publisher: tmx

Original announcement: 2025-07-24T10:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Freegold Ventures Limited

- Ticker: FVL

- Exchange: TSX

- Region: Alaska

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Metallurgy

- Extracted: 2026-08-21 07:45:18 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Freegold Ventures Limited announced a significant upgrade and expansion of the mineral resource estimate for its Golden Summit Project in Alaska. The Indicated Primary Mineral Resource increased by 42% to 17.2 Moz at 1.24 g/t Au, with the Inferred Primary Mineral Resource growing by 11% to 11.9 Moz at 1.04 g/t Au. This update incorporates new drilling data and metallurgical recoveries of 92% for refractory ore, providing a strong foundation for a Pre-Feasibility Study commencing later in 2025.

Reasoning: Freegold's updated MRE for Golden Summit shows a significant 42% increase in Indicated gold ounces and a 15% increase in grade, alongside an 11% increase in Inferred ounces, driven by successful drilling and improved geological understanding. High metallurgical recoveries of 92% for refractory ore support the project's economic viability, positioning it for a Pre-Feasibility Study.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: High Recovery

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Facts used in scoring: 41

## Classification and evidence

**Indicated Resource**

Polarity: positive

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

Why it applies: The document reports significant Indicated Mineral Resources across multiple domains and cut-off grades.

Evidence · text

> Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au

**Inferred Resource**

Polarity: negative

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

Why it applies: The document reports significant Inferred Mineral Resources across multiple domains and cut-off grades.

Evidence · text

> Inferred Primary Mineral Resource: 11.9 Moz at 1.04 g/t Au

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The 2024 drill program was highly successful at converting Inferred resources and upgrading Indicated resources.

Evidence · text

> 2024's drill program was highly successful at converting Inferred resources, upgrading and expanding Indicated resources

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The Indicated Primary Mineral Resource shows a 42% increase in ounces from the Sept/24 estimate.

Evidence · text

> Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces

**Grade Improvement**

Polarity: positive

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: The Indicated Primary Mineral Resource shows a 15% grade increase from the Sept/24 estimate.

Evidence · text

> 15% grade increase from our Sept/24 resource estimate.

**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 significant increases in both ounces and grade for Indicated resources imply substantial contained metal growth.

Evidence · text

> Indicated Primary Mineral Resource: 17.2 Moz at 1.24 g/t Au, a 42% increase in ounces and 15% grade increase

**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: Greg Mosher, P. Geo and Maurie Marks, P.Eng of Tetra Tech Canada are named as Qualified Persons for the MRE.

Evidence · text

> Greg Mosher , P. Geo and Maurie Marks , P.Eng of Tetra Tech Canada are "Qualified Persons" for the Updated Mineral Resource Estimate as defined in NI 43-101

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: Multiple cut-off grades are clearly stated for the resource estimate, including 0.50 g/t Au for the primary resource.

Evidence · text

> Cut-off grades are unchanged at 0.50 g/t Au.

**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 by Tetra Tech Canada.

Evidence · text

> The MRE, with an effective date of July 23, 2025 , was prepared by Tetra Tech Canada. ... as defined in 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 an updated mineral resource estimate for the Golden Summit Project.

Evidence · text

> Freegold Significantly Upgrades and Expands Resources at Golden Summit

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The updated MRE provides a foundation for Pre-Feasibility activities, with a PFS scheduled to commence in late 2025.

Evidence · text

> providing a foundation for Pre-Feasibility activities. ... Commencement of a Pre-Feasibility Study \(PFS\) in late 2025.

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Metallurgical work demonstrated >90% recoveries for gold, which is exceptional for sulphide-oxidizing methods.

Evidence · text

> Ongoing Metallurgical Work has demonstrated >90% recoveries with sulphide-oxidizing methods

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: The ore requires sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™ for high recoveries, indicating refractory characteristics.

Evidence · text

> sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™

**POX/BIOX Route**

Polarity: neutral

Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: The metallurgical work utilizes sulphide-oxidizing methods including BIOX®, POX, and the Albion Process™.

Evidence · text

> sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™

**Recovery Improving**

Polarity: positive

Definition: Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: Processing costs increased from US$14 per tonne \(72% recovery\) to US$25 per tonne \(92% recovery\), indicating a significant improvement in recovery.

Evidence · text

> Processing costs have increased from US$14 per tonne \( 72% recovery\) to US$25 per tonne \(92% recovery\) to account for the additional processing needed to achieve these higher recoveries.

## Extracted facts

Stored fact records: 41. Some facts used in scoring do not have a stored record.

## Resource Estimates (41)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-0)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 4154000
- Grade: 1.98
- Grade Unit: g/t
- Contained Metal: 264000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 1.00 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.98

Context: 4,154,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-1)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 7954000
- Grade: 1.45
- Grade Unit: g/t
- Contained Metal: 370000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 0.75 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.45

Context: 7,954,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-2)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 14153000
- Grade: 1.08
- Grade Unit: g/t
- Contained Metal: 490000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 0.50 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.08

Context: 14,153,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-3)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 20007000
- Grade: 0.89
- Grade Unit: g/t
- Contained Metal: 574000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 0.40 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.89

Context: 20,007,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-4)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 30918000
- Grade: 0.7
- Grade Unit: g/t
- Contained Metal: 695000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 0.30 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.70

Context: 30,918,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-5)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 63706000
- Grade: 0.45
- Grade Unit: g/t
- Contained Metal: 920000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Oxide domain at a 0.15 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.45

Context: 63,706,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-6)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 1598000
- Grade: 1.47
- Grade Unit: g/t
- Contained Metal: 76000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 1.00 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.47

Context: 1,598,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-7)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 4628000
- Grade: 1.08
- Grade Unit: g/t
- Contained Metal: 160000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 0.75 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.08

Context: 4,628,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-8)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 5225000
- Grade: 1.02
- Grade Unit: g/t
- Contained Metal: 172000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 0.50 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.02

Context: 5,225,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-9)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 6613000
- Grade: 0.9
- Grade Unit: g/t
- Contained Metal: 191000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 0.40 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.90

Context: 6,613,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-10)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 9242000
- Grade: 0.74
- Grade Unit: g/t
- Contained Metal: 221000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 0.30 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.74

Context: 9,242,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-11)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 18837000
- Grade: 0.47
- Grade Unit: g/t
- Contained Metal: 287000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Oxide domain at a 0.15 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.47

Context: 18,837,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-12)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 131992000
- Grade: 2.51
- Grade Unit: g/t
- Contained Metal: 10666000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This high-grade Indicated resource for the Primary domain at a 1.00 g/t cut-off represents significant growth and de-risking, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 2.51

Context: 131,992,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-13)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 220694000
- Grade: 1.85
- Grade Unit: g/t
- Contained Metal: 13115000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This high-grade Indicated resource for the Primary domain at a 0.75 g/t cut-off represents significant growth and de-risking, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.85

Context: 220,694,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-14)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 431949000
- Grade: 1.24
- Grade Unit: g/t
- Contained Metal: 17236000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated Primary Mineral Resource shows a significant 42% increase in ounces and 15% increase in grade, representing substantial growth and de-risking of the project, supported by high metallurgical recoveries and a clear path to PFS.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.24

Context: 431,949,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-15)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 579279000
- Grade: 1.04
- Grade Unit: g/t
- Contained Metal: 19358000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Primary domain at a 0.40 g/t cut-off represents significant growth and de-risking, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.04

Context: 579,279,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-16)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 774281000
- Grade: 0.87
- Grade Unit: g/t
- Contained Metal: 21541000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Primary domain at a 0.30 g/t cut-off represents significant growth and de-risking, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.87

Context: 774,281,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-17)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 1094031000
- Grade: 0.68
- Grade Unit: g/t
- Contained Metal: 23862000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Primary domain at a 0.15 g/t cut-off represents significant growth and de-risking, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: Tonnage Growth

- Positive factor: Grade Improvement

- Positive factor: Contained Metal Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.68

Context: 1,094,031,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-18)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 96158000
- Grade: 2.08
- Grade Unit: g/t
- Contained Metal: 6427000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This high-grade Inferred resource for the Primary domain at a 1.00 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 2.08

Context: 96,158,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-19)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 157927000
- Grade: 1.6
- Grade Unit: g/t
- Contained Metal: 8125000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This high-grade Inferred resource for the Primary domain at a 0.75 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.60

Context: 157,927,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-20)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 357614000
- Grade: 1.04
- Grade Unit: g/t
- Contained Metal: 11964000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: The Inferred Primary Mineral Resource increased by 11% in ounces, maintaining grade, providing further growth potential for future conversion to higher confidence categories.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.04

Context: 357,614,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-21)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 499019000
- Grade: 0.87
- Grade Unit: g/t
- Contained Metal: 14006000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Primary domain at a 0.40 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.87

Context: 499,019,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-22)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 676275000
- Grade: 0.74
- Grade Unit: g/t
- Contained Metal: 15987000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Primary domain at a 0.30 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.74

Context: 676,275,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-23)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 1018956000
- Grade: 0.56
- Grade Unit: g/t
- Contained Metal: 18473000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Primary domain at a 0.15 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: Tonnage Growth

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.56

Context: 1,018,956,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-24)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 1106000
- Grade: 1.38
- Grade Unit: g/t
- Contained Metal: 49000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 1.00 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.38

Context: 1,106,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-25)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 2205000
- Grade: 1.12
- Grade Unit: g/t
- Contained Metal: 79000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 0.75 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.12

Context: 2,205,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-26)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 6741000
- Grade: 0.76
- Grade Unit: g/t
- Contained Metal: 165000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 0.50 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.76

Context: 6,741,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-27)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 11872000
- Grade: 0.63
- Grade Unit: g/t
- Contained Metal: 239000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 0.40 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.63

Context: 11,872,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-28)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 21854000
- Grade: 0.5
- Grade Unit: g/t
- Contained Metal: 351000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 0.30 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.50

Context: 21,854,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-29)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 46969000
- Grade: 0.35
- Grade Unit: g/t
- Contained Metal: 525000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Indicated resource for the Under Pit domain at a 0.15 g/t cut-off contributes to the overall resource growth and confidence, supported by robust reporting standards.

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.35

Context: 46,969,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-30)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 8537000
- Grade: 1.92
- Grade Unit: g/t
- Contained Metal: 526000
- Contained Unit: oz
- Cutoff Grade: 1

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 1.00 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.92

Context: 8,537,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-31)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 18014000
- Grade: 1.35
- Grade Unit: g/t
- Contained Metal: 782000
- Contained Unit: oz
- Cutoff Grade: 0.75

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 0.75 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 1.35

Context: 18,014,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-32)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 62654000
- Grade: 0.81
- Grade Unit: g/t
- Contained Metal: 1635000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 0.50 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.81

Context: 62,654,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-33)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 107236000
- Grade: 0.66
- Grade Unit: g/t
- Contained Metal: 2277000
- Contained Unit: oz
- Cutoff Grade: 0.4

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 0.40 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.66

Context: 107,236,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-34)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 182142000
- Grade: 0.53
- Grade Unit: g/t
- Contained Metal: 3117000
- Contained Unit: oz
- Cutoff Grade: 0.3

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 0.30 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.53

Context: 182,142,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-35)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 444266000
- Grade: 0.34
- Grade Unit: g/t
- Contained Metal: 4898000
- Contained Unit: oz
- Cutoff Grade: 0.15

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This Inferred resource for the Under Pit domain at a 0.15 g/t cut-off provides additional growth potential, supported by robust reporting standards.

- Positive factor: QP/CP Signed

- Positive factor: NI 43-101 Compliant

- Positive factor: PFS-Supporting

- Negative factor: Refractory Ore

- Negative factor: Increased Processing Costs

Evidence · table

> 0.34

Context: 444,266,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-36)

Golden Summit Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 348499000
- Grade: 1.08
- Grade Unit: g/t
- Contained Metal: 12100000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-09-01T00:00:00.000Z

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This is a historical resource estimate from September 2024, provided for comparison purposes with the current update.

Evidence · table

> 12.1

Context: Indicated

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-37)

Golden Summit Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 307999000
- Grade: 1.04
- Grade Unit: g/t
- Contained Metal: 10300000
- Contained Unit: oz
- Cutoff Grade: 0.5

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-09-01T00:00:00.000Z

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This is a historical resource estimate from September 2024, provided for comparison purposes with the current update.

Evidence · table

> 10.3

Context: Inferred

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-38)

Golden Summit Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: indicated
- Tonnes: 405679000
- Grade: 0.92
- Grade Unit: g/t
- Contained Metal: 12000000
- Contained Unit: oz
- Cutoff Grade: 0.45

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-03-01T00:00:00.000Z

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This is a historical resource estimate from March 2023, provided for comparison purposes with the current update.

Evidence · table

> 12.0

Context: Indicated

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-39)

Golden Summit Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Resource Data

- Category: inferred
- Tonnes: 281741000
- Grade: 0.85
- Grade Unit: g/t
- Contained Metal: 7700000
- Contained Unit: oz
- Cutoff Grade: 0.45

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-03-01T00:00:00.000Z

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: This is a historical resource estimate from March 2023, provided for comparison purposes with the current update.

Evidence · table

> 7.7

Context: Inferred

### Fact 41

[Link to this fact](https://atlas-staging.minestarters.com/news/freegold-significantly-upgrades-and-expands-resources-at-golden-summit--4fe28413-7717-4aba-8e87-c3135f370f87#fact-resource-facts-40)

Golden Summit Project · gold

#### Identity

- Project: Golden Summit Project
- Commodity: gold
- Region: usa\_ak
- Reported Region: Alaska
- Ticker: FVL

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-07-24T00:00:00.000Z

Reasoning: Metallurgical test work demonstrated high gold recoveries of 92% using sulphide-oxidizing methods, which is a key positive input for the updated resource estimate, despite indicating refractory ore.

- Positive factor: High Recovery

- Positive factor: POX/BIOX Route

- Negative factor: Refractory Ore

Evidence · text

> The July 2025 resource estimate utilises a recovery rate of 92%, which is the average of the three sulfide oxidation methods assessed to date

## 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.