Honey Badger Silver Announces Positive Preliminary Economic Assessment for the PC Silver Mine; Sees Significant Silver plus Critical Minerals Production
Original announcement by orestocks on
- Company
- Honey Badger Silver Inc.
- Ticker
- TUF.V
- Exchange
- Unavailable
- Region
- Northwest Territories, Canada
- Primary commodity
- Silver
- Secondary commodities
- Zinc, Lead, Copper, Antimony
- Document categories
- Resource update, Other
- Extracted
- 2026-09-17 12:20:05 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Honey Badger Silver announced positive results from an updated Preliminary Economic Assessment (PEA) and Mineral Resource Estimate (MRE) for its 100%-owned PC Silver Mine in the Northwest Territories, Canada. The PEA outlines compelling economics, including an after-tax NPV8% of $1.8 billion and an IRR of 38% at spot pricing, with a 22-year mine life and negative All-in Sustaining Costs. The updated MRE reports 11.63 million tonnes of Measured & Indicated resources grading 424 g/t AgEq and 8.47 million tonnes of Inferred resources grading 492 g/t AgEq.
Reasoning: The updated PEA and MRE for the PC Silver Mine demonstrate robust economics with high NPV and IRR, a long mine life, and substantial Measured & Indicated resources, significantly de-risking the project and providing a clear path to a Feasibility Study.
Positive factors
- High after-tax NPV8% of $1.8 billion and IRR of 38% at spot pricing, indicating strong economic viability.
- Long mine life of 22 years with significant average annual production of 10.7 million ounces silver equivalent in the first seven years.
- Updated Mineral Resource Estimate includes a substantial 11.63 million tonnes of Measured & Indicated resources.
- Project benefits from existing infrastructure, key permits, and a non-dilutive grant for road development, reducing capital risk.
- Negative All-in Sustaining Costs (AISC) due to significant by-product credits from zinc, lead, and copper.
Negative factors
- The Preliminary Economic Assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered speculative.
- No economic value has been attributed to several critical minerals (germanium, antimony, tungsten) in this PEA, potentially understating full project value.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 20
Classification and evidence
QP/CP Signedpositive
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: The Mineral Resource Estimate is based upon information prepared by or under the supervision of Mr. Greg Mosher, P.Geo., who is an independent 'qualified person' for the purposes of NI 43-101.
Evidence · text
“The Qualified Person, as defined by NI 43-101, ("QP") for this MRE is Mr. Greg Mosher, P.Geo., of Global Mineral Resource Services, who is responsible for the MRE.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate is prepared in accordance with the CIM Standards and the Qualified Person is defined by NI 43-101.
Evidence · text
“The Qualified Person, as defined by NI 43-101, ("QP") for this MRE is Mr. Greg Mosher, P.Geo.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resource Estimate is reported at a AgEq cut-off of 100 g/t.
Evidence · text
“at a AgEq cut-off of 100 g/t”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document explicitly states it is an 'Updated Mineral Resource Estimate'.
Evidence · text
“Updated Mineral Resource Estimate ("MRE")”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The Mineral Resource Estimate is presented as part of a Preliminary Economic Assessment.
Evidence · text
“Honey Badger Silver Announces Positive Preliminary Economic Assessment for the PC Silver Mine; Sees Significant Silver plus Critical Minerals Production”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The MRE includes a Measured category with 0.984 Mt at 663 g/t AgEq.
Evidence · table
“Measured”
Context: 0.984
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes an Indicated category with 10.644 Mt at 402 g/t AgEq.
Evidence · table
“Indicated”
Context: 10.644
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The MRE includes an Inferred category with 8.469 Mt at 492 g/t AgEq.
Evidence · table
“Inferred”
Context: 8.469
Extracted facts
Stored fact records: 20. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
measuredPC Silver Mine · silverTonnes: 984000Grade: 194Grade Unit: g/tView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- silver
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:3d0661c8a10b54af7b43
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 984000
- Grade
- 194
- Grade Unit
- g/t
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 663
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Measured silver grade is robust and contributes directly to the project's primary commodity value.
Positive factors
- High confidence Measured category resource.
- Strong silver grade of 194 g/t.
Evidence · table
“194”
Context: 0.984
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredPC Silver Mine · copperTonnes: 984000Grade: 0.37Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- copper
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:3d0661c8a10b54af7b43
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 984000
- Grade
- 0.37
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 663
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The copper grade, while not the primary commodity, adds significant byproduct value to the Measured resource.
Positive factors
- Copper as a valuable byproduct in the Measured category.
Evidence · table
“0.37”
Context: 0.984
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredPC Silver Mine · leadTonnes: 984000Grade: 10.49Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- lead
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:3d0661c8a10b54af7b43
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 984000
- Grade
- 10.49
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 663
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The substantial lead grade in the Measured resource enhances the polymetallic nature and economic value of the project.
Positive factors
- High lead grade of 10.49% in the Measured category, contributing to critical minerals production.
Evidence · table
“10.49”
Context: 0.984
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredPC Silver Mine · antimonyTonnes: 984000Grade: 1021Grade Unit: ppmView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- antimony
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:3d0661c8a10b54af7b43
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 984000
- Grade
- 1021
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The presence of antimony adds to the critical minerals profile, although its economic value is not yet fully incorporated in the PEA.
Positive factors
- Antimony present as a critical mineral in the Measured resource.
Evidence · table
“1,021”
Context: 0.984
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredPC Silver Mine · zincTonnes: 984000Grade: 12.56Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- zinc
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:3d0661c8a10b54af7b43
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 984000
- Grade
- 12.56
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 663
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The high zinc grade provides substantial byproduct revenue, contributing to the project's negative AISC.
Positive factors
- High zinc grade of 12.56% in the Measured category, a significant byproduct credit.
Evidence · table
“12.56”
Context: 0.984
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · silverTonnes: 10644000Grade: 108Grade Unit: g/tView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- silver
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:5f57b49701f967b7a6a7
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10644000
- Grade
- 108
- Grade Unit
- g/t
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 402
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Indicated silver grade contributes significantly to the overall silver endowment of the project.
Positive factors
- Solid silver grade of 108 g/t within the Indicated resource.
Evidence · table
“108”
Context: 10.644
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · copperTonnes: 10644000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- copper
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:5f57b49701f967b7a6a7
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10644000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 402
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The copper grade adds to the polymetallic value of the Indicated resource.
Positive factors
- Copper as a valuable byproduct in the Indicated category.
Evidence · table
“0.21”
Context: 10.644
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · leadTonnes: 10644000Grade: 6.88Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- lead
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:5f57b49701f967b7a6a7
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10644000
- Grade
- 6.88
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 402
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The lead grade contributes to the overall economic value and critical minerals profile of the Indicated resource.
Positive factors
- Significant lead grade of 6.88% in the Indicated category.
Evidence · table
“6.88”
Context: 10.644
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · antimonyTonnes: 10644000Grade: 955Grade Unit: ppmView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- antimony
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:5f57b49701f967b7a6a7
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10644000
- Grade
- 955
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The presence of antimony adds to the critical minerals profile, although its economic value is not yet fully incorporated in the PEA.
Positive factors
- Antimony present as a critical mineral in the Indicated resource.
Evidence · table
“955”
Context: 10.644
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · zincTonnes: 10644000Grade: 7.76Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- zinc
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:5f57b49701f967b7a6a7
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10644000
- Grade
- 7.76
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 402
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The zinc grade provides valuable byproduct revenue, supporting the project's economic model.
Positive factors
- Strong zinc grade of 7.76% in the Indicated category, contributing to byproduct credits.
Evidence · table
“7.76”
Context: 10.644
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · silverTonnes: 11628000Grade: 115Grade Unit: g/tView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- silver
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:1779b3de33939b372558
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11628000
- Grade
- 115
- Grade Unit
- g/t
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 424
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The combined silver grade for the higher confidence categories is a key driver of the project's value.
Positive factors
- Combined Measured & Indicated silver grade of 115 g/t.
Evidence · table
“115”
Context: 11.628
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · copperTonnes: 11628000Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- copper
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:1779b3de33939b372558
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11628000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 424
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The copper grade contributes to the overall polymetallic value of the higher confidence resource categories.
Positive factors
- Copper as a valuable byproduct in the combined Measured & Indicated resource.
Evidence · table
“0.23”
Context: 11.628
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · leadTonnes: 11628000Grade: 7.19Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- lead
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:1779b3de33939b372558
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11628000
- Grade
- 7.19
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 424
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The lead grade adds to the critical minerals and economic value of the higher confidence resource categories.
Positive factors
- Significant lead grade of 7.19% in the combined Measured & Indicated resource.
Evidence · table
“7.19”
Context: 11.628
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · antimonyTonnes: 11628000Grade: 997Grade Unit: ppmView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- antimony
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:1779b3de33939b372558
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11628000
- Grade
- 997
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The presence of antimony adds to the critical minerals profile, although its economic value is not yet fully incorporated in the PEA.
Positive factors
- Antimony present as a critical mineral in the combined Measured & Indicated resource.
Evidence · table
“997”
Context: 11.628
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedPC Silver Mine · zincTonnes: 11628000Grade: 8.16Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- zinc
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:1779b3de33939b372558
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11628000
- Grade
- 8.16
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 424
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The zinc grade provides valuable byproduct revenue, supporting the project's economic model.
Positive factors
- Strong zinc grade of 8.16% in the combined Measured & Indicated resource, contributing to byproduct credits.
Evidence · table
“8.16”
Context: 11.628
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredPC Silver Mine · silverTonnes: 8469000Grade: 130Grade Unit: g/tView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- silver
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:148ef3845ca516b17711
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8469000
- Grade
- 130
- Grade Unit
- g/t
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 492
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Inferred silver grade indicates significant potential for future resource growth and conversion.
Positive factors
- Strong silver grade of 130 g/t within the Inferred resource.
Negative factors
- Inferred resources are considered too speculative geologically to have economic considerations applied.
Evidence · table
“130”
Context: 8.469
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredPC Silver Mine · copperTonnes: 8469000Grade: 0.33Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- copper
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:148ef3845ca516b17711
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8469000
- Grade
- 0.33
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 492
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The copper grade adds to the polymetallic value of the Inferred resource, representing future potential.
Positive factors
- Copper as a valuable byproduct in the Inferred category.
Negative factors
- Inferred resources are considered too speculative geologically to have economic considerations applied.
Evidence · table
“0.33”
Context: 8.469
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredPC Silver Mine · leadTonnes: 8469000Grade: 6.13Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- lead
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:148ef3845ca516b17711
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8469000
- Grade
- 6.13
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 492
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The lead grade contributes to the overall economic value and critical minerals profile of the Inferred resource, representing future potential.
Positive factors
- Significant lead grade of 6.13% in the Inferred category.
Negative factors
- Inferred resources are considered too speculative geologically to have economic considerations applied.
Evidence · table
“6.13”
Context: 8.469
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredPC Silver Mine · antimonyTonnes: 8469000Grade: 1617Grade Unit: ppmView all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- antimony
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:148ef3845ca516b17711
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8469000
- Grade
- 1617
- Grade Unit
- ppm
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The presence of antimony adds to the critical minerals profile, although its economic value is not yet fully incorporated in the PEA.
Positive factors
- Antimony present as a critical mineral in the Inferred resource.
Negative factors
- Inferred resources are considered too speculative geologically to have economic considerations applied.
Evidence · table
“1,617”
Context: 8.469
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredPC Silver Mine · zincTonnes: 8469000Grade: 11.03Grade Unit: %View all detailsHide details
Identity
- Project
- PC Silver Mine
- Commodity
- zinc
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- TUF.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Mr. Greg Mosher, P.Geo.
- Resource group id
- resource:148ef3845ca516b17711
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8469000
- Grade
- 11.03
- Grade Unit
- %
- Cutoff Grade
- 100
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-06-21
Metal Equivalent
- Metal Eq. Grade
- 492
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The zinc grade provides valuable byproduct revenue, supporting the project's economic model and future potential.
Positive factors
- Strong zinc grade of 11.03% in the Inferred category, contributing to byproduct credits.
Negative factors
- Inferred resources are considered too speculative geologically to have economic considerations applied.
Evidence · table
“11.03”
Context: 8.469
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.