Hudbay Enhances Gold Production Profile at Snow Lake, Extends Reserve Mine Life to 18 Years and Identifies Further Growth Potential from Resource Conversion and the Britannia Gold Project
Original announcement by globenewswire on
- Company
- Hudbay Minerals Inc.
- Ticker
- HBM
- Exchange
- Unavailable
- Region
- Manitoba, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Zinc, Silver
- Document categories
- Resource update, Production, Metallurgy
- Extracted
- 2026-09-29 18:51:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Hudbay Minerals has released an updated mine plan for its Snow Lake operations in Manitoba, Canada, extending the proven and probable reserve mine life by two years to 2043. The update projects a 60% increase in total life-of-mine gold production to 2.8 million ounces and a 38% increase in mineral reserves to 27 million tonnes, containing 2.0 million ounces of gold. Mineral resources also increased by 26% to 21 million tonnes, containing 1.5 million ounces of gold, with significant growth potential identified at the Britannia Gold Project.
Reasoning: Hudbay has announced a significantly enhanced mine plan for its Snow Lake operations, demonstrating substantial increases in gold production, extended mine life, and growth in both mineral reserves and resources. The plan incorporates successful exploration, resource conversion, and processing optimizations, positioning the project for long-term value creation.
Positive factors
- Significant increase in gold production profile over life-of-mine
- Extended reserve mine life to 18 years (2043)
- Substantial growth in mineral reserves and resources
- Successful resource-to-reserve conversion at multiple deposits
- Identification of new anchor deposit potential (Britannia Gold Project)
- Improved gold and silver recoveries from processing initiatives
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 93
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Snow Lake mineral reserve estimates increased to 27 million tonnes, representing a 38% increase in tonnage from the January 1, 2026 mineral reserve estimate.
Evidence · text
“Snow Lake mineral reserve estimates increased to 27 million tonnes containing 2.0 million ounces of gold, representing a 38% increase in tonnage from the January 1, 2026 mineral reserve estimate.”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Total life-of-mine gold production increased by 60% to 2.8 million ounces from 1.8 million ounces in the 2021 technical report.
Evidence · text
“Total life-of-mine gold production increased by 60% to 2.8 million ounces from 1.8 million ounces in the 2021 technical report”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical and scientific information in this news release has been approved by Marc-Andre Brulotte, P. Geo., Executive Director, Global Mineral Resource Evaluation. Mr. Brulotte is a qualified person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).
Evidence · text
“Mr. Brulotte is a qualified person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).”
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 technical and scientific information in this news release has been approved by Marc-Andre Brulotte, P. Geo., Executive Director, Global Mineral Resource Evaluation. Mr. Brulotte is a qualified person pursuant to National Instrument 43-101.
Evidence · text
“The technical and scientific information in this news release has been approved by Marc-Andre Brulotte, P. Geo., Executive Director, Global Mineral Resource Evaluation.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides an updated mine plan, mineral reserve estimates, and mineral resource estimates for the Snow Lake operations.
Evidence · text
“Hudbay today released an updated mine plan for its Snow Lake operations in Manitoba, Canada.”
Inferred Resourcenegative
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 for various deposits within the Snow Lake project, including the Britannia Gold Project.
Evidence · table
“Inferred”
Context: 1,540
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Life-of-mine gold recovery is projected at 88.9%, copper at 89.7%, and zinc at 85.9%, which are strong for their respective processing routes.
Evidence · table
“88.9”
Context: 88.3
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The Stall Hot Tails Leaching project is expected to increase combined mill gold and silver recoveries, building on previous improvements from 58% in 2022 to over 70% today.
Evidence · text
“it is anticipated to increase combined mill gold and silver recoveries”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The Stall Hot Tails Leaching project involves expansion of cyanide leaching and carbon infrastructure, indicating a leach processing route.
Evidence · text
“expansion of cyanide leaching and carbon infrastructure at New Britannia to accommodate material from Stall”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The economic viability of the mineral reserve estimates was confirmed using metal prices and minimum NSR cut-off values are provided for different deposits and mill types.
Evidence · text
“Lalor and 1901 mineral reserves were estimated using a minimum NSR cut-off for Stall mill ore material of C$160 longhaul and C$199 post pillar and a minimum NSR cut-off for New Britannia ore material of C$184 for longhaul and C$223 for post pillar.”
Metal Equivalent Opaquenegative · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: Metal equivalent production figures are provided with detailed commodity price assumptions, but recovery and payability assumptions are not explicitly stated for the equivalent calculation.
Evidence · text
“Copper and gold equivalent production assumes the following commodity prices: $6.09 per pound of copper for 2026, $5.80 per pound of copper for 2027, $5.50 per pound of copper for 2028 to 2030 and $5.00 per pound of copper long-term; $4,472 per ounce of gold for 2026, $4,200 per ounce of gold for 2027, $4,000 per ounce of gold for 2028, $3,900 per ounce of gold for 2029, $3,750 per ounce of gold for 2030 and $3,600 per ounce of gold long-term; $70 per ounce of silver for 2026, $57.50 per ounce of silver for 2027, $55.00 per ounce of silver for 2028, $50 per ounce of silver for 2029, $45 per ounce of silver for 2030 and long-term; $1.59 per pound of zinc for 2026, $1.40 per pound of zinc for 2027, $1.35 per pound of zinc for 2028, $1.30 per pound of zinc for 2029 and 2030, and $1.25 per pound of zinc long-term.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
Extracted facts
Stored fact records: 93. Some facts used in scoring do not have a stored record.
Resource Estimates (87)
provenSnow Lake · goldTonnes: 4667000Grade: 3.78Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e80b21f0693bef2f89f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4667000
- Grade
- 3.78
- Grade Unit
- g/t
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade proven gold reserve at Lalor, contributing significantly to the overall increase in Snow Lake's gold reserve profile.
Positive factors
- High-grade gold reserve in the proven category
- Part of an overall significant reserve increase
Evidence · table
“3.78”
Context: 4,667
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · copperTonnes: 4667000Grade: 0.43Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e80b21f0693bef2f89f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4667000
- Grade
- 0.43
- Grade Unit
- %
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven copper reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven copper reserve
Evidence · table
“0.43”
Context: 4,667
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · zincTonnes: 4667000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e80b21f0693bef2f89f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4667000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven zinc reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven zinc reserve
Evidence · table
“0.70”
Context: 4,667
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · silverTonnes: 4667000Grade: 21.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e80b21f0693bef2f89f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4667000
- Grade
- 21.8
- Grade Unit
- g/t
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven silver reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven silver reserve
Evidence · table
“21.8”
Context: 4,667
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 5901000Grade: 3.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:eb66b21d42b6181dd4cb
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5901000
- Grade
- 3.2
- Grade Unit
- g/t
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade probable gold reserve at Lalor, contributing significantly to the overall increase in Snow Lake's gold reserve profile.
Positive factors
- High-grade gold reserve in the probable category
- Part of an overall significant reserve increase
Evidence · table
“3.20”
Context: 5,901
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 5901000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:eb66b21d42b6181dd4cb
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5901000
- Grade
- 0.87
- Grade Unit
- %
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable copper reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable copper reserve
Evidence · table
“0.87”
Context: 5,901
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 5901000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:eb66b21d42b6181dd4cb
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5901000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable zinc reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable zinc reserve
Evidence · table
“0.27”
Context: 5,901
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 5901000Grade: 14.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:eb66b21d42b6181dd4cb
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 5901000
- Grade
- 14.6
- Grade Unit
- g/t
- Cutoff Grade
- 184
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable silver reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable silver reserve
Evidence · table
“14.6”
Context: 5,901
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 341000Grade: 2.66Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b7dacd0b1b9473d766ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 341000
- Grade
- 2.66
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at the 1901 deposit, contributing to the overall reserve base.
Positive factors
- Probable gold reserve at 1901 deposit
Evidence · table
“2.66”
Context: 341
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 341000Grade: 0.75Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b7dacd0b1b9473d766ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 341000
- Grade
- 0.75
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable copper reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable copper reserve
Evidence · table
“0.75”
Context: 341
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 341000Grade: 0.68Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b7dacd0b1b9473d766ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 341000
- Grade
- 0.68
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable zinc reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable zinc reserve
Evidence · table
“0.68”
Context: 341
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 341000Grade: 15.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b7dacd0b1b9473d766ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 341000
- Grade
- 15.2
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable silver reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable silver reserve
Evidence · table
“15.2”
Context: 341
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 3653000Grade: 1.17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:9b1f4d4679437a43b7b9
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 3653000
- Grade
- 1.17
- Grade Unit
- g/t
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at the WIM deposit, contributing to the overall reserve base.
Positive factors
- Probable gold reserve at WIM deposit
Evidence · table
“1.17”
Context: 3,653
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 3653000Grade: 1.29Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:9b1f4d4679437a43b7b9
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 3653000
- Grade
- 1.29
- Grade Unit
- %
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable copper reserve at the WIM deposit, contributing to the overall reserve base.
Positive factors
- Probable copper reserve at WIM deposit
Evidence · table
“1.29”
Context: 3,653
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 3653000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:9b1f4d4679437a43b7b9
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 3653000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable zinc reserve at WIM, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable zinc reserve
Evidence · table
“0.21”
Context: 3,653
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 3653000Grade: 5.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:9b1f4d4679437a43b7b9
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 3653000
- Grade
- 5.1
- Grade Unit
- g/t
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable silver reserve at WIM, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable silver reserve
Evidence · table
“5.1”
Context: 3,653
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · goldTonnes: 4977000Grade: 2.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:a49bb7fa39110f37956b
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4977000
- Grade
- 2.02
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a proven gold reserve at Lalor, contributing to the overall reserve base.
Positive factors
- Proven gold reserve at Lalor
Evidence · table
“2.02”
Context: 4,977
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · copperTonnes: 4977000Grade: 0.32Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:a49bb7fa39110f37956b
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4977000
- Grade
- 0.32
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven copper reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven copper reserve
Evidence · table
“0.32”
Context: 4,977
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · zincTonnes: 4977000Grade: 4.15Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:a49bb7fa39110f37956b
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4977000
- Grade
- 4.15
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade proven zinc reserve at Lalor, contributing significantly to the overall reserve base.
Positive factors
- High-grade proven zinc reserve at Lalor
Evidence · table
“4.15”
Context: 4,977
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · silverTonnes: 4977000Grade: 25.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:a49bb7fa39110f37956b
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 4977000
- Grade
- 25.7
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven silver reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven silver reserve
Evidence · table
“25.7”
Context: 4,977
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · goldTonnes: 970000Grade: 1.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:62febcc50da4011e6c63
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 970000
- Grade
- 1.54
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a proven gold reserve at the 1901 deposit, contributing to the overall reserve base.
Positive factors
- Proven gold reserve at 1901 deposit
Evidence · table
“1.54”
Context: 970
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · copperTonnes: 970000Grade: 0.29Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:62febcc50da4011e6c63
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 970000
- Grade
- 0.29
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven copper reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven copper reserve
Evidence · table
“0.29”
Context: 970
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · zincTonnes: 970000Grade: 7.61Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:62febcc50da4011e6c63
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 970000
- Grade
- 7.61
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade proven zinc reserve at the 1901 deposit, contributing significantly to the overall reserve base.
Positive factors
- High-grade proven zinc reserve at 1901 deposit
Evidence · table
“7.61”
Context: 970
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
provenSnow Lake · silverTonnes: 970000Grade: 23.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:62febcc50da4011e6c63
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 970000
- Grade
- 23.9
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a proven silver reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Proven silver reserve
Evidence · table
“23.9”
Context: 970
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 822000Grade: 1.39Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:517e80b95416dd058b8c
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 822000
- Grade
- 1.39
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at Lalor, contributing to the overall reserve base.
Positive factors
- Probable gold reserve at Lalor
Evidence · table
“1.39”
Context: 822
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 822000Grade: 0.38Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:517e80b95416dd058b8c
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 822000
- Grade
- 0.38
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable copper reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable copper reserve
Evidence · table
“0.38”
Context: 822
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 822000Grade: 3.97Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:517e80b95416dd058b8c
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 822000
- Grade
- 3.97
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade probable zinc reserve at Lalor, contributing significantly to the overall reserve base.
Positive factors
- High-grade probable zinc reserve at Lalor
Evidence · table
“3.97”
Context: 822
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 822000Grade: 23Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:517e80b95416dd058b8c
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 822000
- Grade
- 23
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable silver reserve at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable silver reserve
Evidence · table
“23.0”
Context: 822
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 307000Grade: 2.17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:0ac25708a36b673453da
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 307000
- Grade
- 2.17
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at the 1901 deposit, contributing to the overall reserve base.
Positive factors
- Probable gold reserve at 1901 deposit
Evidence · table
“2.17”
Context: 307
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 307000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:0ac25708a36b673453da
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 307000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable copper reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable copper reserve
Evidence · table
“0.27”
Context: 307
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 307000Grade: 7.27Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:0ac25708a36b673453da
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 307000
- Grade
- 7.27
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade probable zinc reserve at the 1901 deposit, contributing significantly to the overall reserve base.
Positive factors
- High-grade probable zinc reserve at 1901 deposit
Evidence · table
“7.27”
Context: 307
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 307000Grade: 27.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:0ac25708a36b673453da
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 307000
- Grade
- 27.4
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a probable silver reserve at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Probable silver reserve
Evidence · table
“27.4”
Context: 307
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 2710000Grade: 1.46Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b1069806301443fc2a0f
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 2710000
- Grade
- 1.46
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at the Talbot deposit, included for the first time in this update.
Positive factors
- Probable gold reserve at Talbot deposit
- First reserve estimate for Talbot
Evidence · table
“1.46”
Context: 2,710
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 2710000Grade: 1.92Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b1069806301443fc2a0f
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 2710000
- Grade
- 1.92
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade probable copper reserve at the Talbot deposit, included for the first time in this update.
Positive factors
- High-grade probable copper reserve at Talbot deposit
- First reserve estimate for Talbot
Evidence · table
“1.92”
Context: 2,710
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 2710000Grade: 1.14Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b1069806301443fc2a0f
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 2710000
- Grade
- 1.14
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable zinc reserve at the Talbot deposit, included for the first time in this update.
Positive factors
- Probable zinc reserve at Talbot deposit
- First reserve estimate for Talbot
Evidence · table
“1.14”
Context: 2,710
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 2710000Grade: 26.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b1069806301443fc2a0f
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 2710000
- Grade
- 26.5
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable silver reserve at the Talbot deposit, included for the first time in this update.
Positive factors
- Probable silver reserve at Talbot deposit
- First reserve estimate for Talbot
Evidence · table
“26.5”
Context: 2,710
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 1510000Grade: 0.53Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:4daee5dac9c6eda066fc
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1510000
- Grade
- 0.53
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable gold reserve at the Rail deposit, included for the first time in this update.
Positive factors
- Probable gold reserve at Rail deposit
- First reserve estimate for Rail
Evidence · table
“0.53”
Context: 1,510
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · copperTonnes: 1510000Grade: 1.96Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:4daee5dac9c6eda066fc
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1510000
- Grade
- 1.96
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade probable copper reserve at the Rail deposit, included for the first time in this update.
Positive factors
- High-grade probable copper reserve at Rail deposit
- First reserve estimate for Rail
Evidence · table
“1.96”
Context: 1,510
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · zincTonnes: 1510000Grade: 0.55Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:4daee5dac9c6eda066fc
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1510000
- Grade
- 0.55
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable zinc reserve at the Rail deposit, included for the first time in this update.
Positive factors
- Probable zinc reserve at Rail deposit
- First reserve estimate for Rail
Evidence · table
“0.55”
Context: 1,510
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · silverTonnes: 1510000Grade: 5.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:4daee5dac9c6eda066fc
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1510000
- Grade
- 5.6
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a probable silver reserve at the Rail deposit, included for the first time in this update.
Positive factors
- Probable silver reserve at Rail deposit
- First reserve estimate for Rail
Evidence · table
“5.6”
Context: 1,510
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
probableSnow Lake · goldTonnes: 1153000Grade: 2.81Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:d6a2805293accb4edef2
- Deposit or zone
- Britannia Gold Project – 3 Zone
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1153000
- Grade
- 2.81
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a significant probable gold reserve at the Britannia Gold Project, highlighting its potential as a new anchor deposit.
Positive factors
- Significant probable gold reserve at Britannia Gold Project
- New anchor deposit opportunity
Evidence · table
“2.81”
Context: 1,153
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 1540000Grade: 3.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:d432b468cec3d41932d6
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1540000
- Grade
- 3.38
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred gold resource at Lalor, indicating strong potential for future conversion to reserves.
Positive factors
- High-grade inferred gold resource at Lalor
- Potential for resource-to-reserve conversion
Evidence · table
“3.38”
Context: 1,540
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 1540000Grade: 1.9Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:d432b468cec3d41932d6
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1540000
- Grade
- 1.9
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred copper resource at Lalor, indicating strong potential for future conversion to reserves.
Positive factors
- High-grade inferred copper resource at Lalor
- Potential for resource-to-reserve conversion
Evidence · table
“1.90”
Context: 1,540
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 1540000Grade: 0.19Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:d432b468cec3d41932d6
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1540000
- Grade
- 0.19
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred zinc resource at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred zinc resource
Evidence · table
“0.19”
Context: 1,540
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 1540000Grade: 12.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:d432b468cec3d41932d6
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1540000
- Grade
- 12.4
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“12.4”
Context: 1,540
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 3300000Grade: 2.87Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:47665e7d8b1aa51dbd5a
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3300000
- Grade
- 2.87
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred gold resource at 1901, indicating strong potential for future conversion to reserves.
Positive factors
- High-grade inferred gold resource at 1901
- Potential for resource-to-reserve conversion
Evidence · table
“2.87”
Context: 3,300
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 3300000Grade: 0.94Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:47665e7d8b1aa51dbd5a
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3300000
- Grade
- 0.94
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred copper resource at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred copper resource
Evidence · table
“0.94”
Context: 3,300
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 3300000Grade: 0.49Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:47665e7d8b1aa51dbd5a
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3300000
- Grade
- 0.49
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred zinc resource at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred zinc resource
Evidence · table
“0.49”
Context: 3,300
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 3300000Grade: 10.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:47665e7d8b1aa51dbd5a
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3300000
- Grade
- 10.2
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“10.2”
Context: 3,300
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 1120000Grade: 1.44Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:54b37e536ea19f267aed
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1120000
- Grade
- 1.44
- Grade Unit
- g/t
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at WIM, contributing to the overall resource base.
Positive factors
- Inferred gold resource at WIM
Evidence · table
“1.44”
Context: 1,120
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 1120000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:54b37e536ea19f267aed
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1120000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred copper resource at WIM, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred copper resource
Evidence · table
“0.70”
Context: 1,120
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 1120000Grade: 0.25Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:54b37e536ea19f267aed
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1120000
- Grade
- 0.25
- Grade Unit
- %
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred zinc resource at WIM, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred zinc resource
Evidence · table
“0.25”
Context: 1,120
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 1120000Grade: 3.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:54b37e536ea19f267aed
- Deposit or zone
- WIM
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1120000
- Grade
- 3.4
- Grade Unit
- g/t
- Cutoff Grade
- 125
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at WIM, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“3.4”
Context: 1,120
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 140000Grade: 1.94Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:46b3d419bcfb6b91803f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 140000
- Grade
- 1.94
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at Lalor, contributing to the overall resource base.
Positive factors
- Inferred gold resource at Lalor
Evidence · table
“1.94”
Context: 140
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 140000Grade: 0.28Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:46b3d419bcfb6b91803f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 140000
- Grade
- 0.28
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred copper resource at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred copper resource
Evidence · table
“0.28”
Context: 140
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 140000Grade: 5.14Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:46b3d419bcfb6b91803f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 140000
- Grade
- 5.14
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred zinc resource at Lalor, indicating strong potential.
Positive factors
- High-grade inferred zinc resource at Lalor
Evidence · table
“5.14”
Context: 140
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 140000Grade: 32.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:46b3d419bcfb6b91803f
- Deposit or zone
- Lalor
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 140000
- Grade
- 32.5
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at Lalor, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“32.5”
Context: 140
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 780000Grade: 2.19Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3f986f67ea9a92b8a7ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 780000
- Grade
- 2.19
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at 1901, contributing to the overall resource base.
Positive factors
- Inferred gold resource at 1901
Evidence · table
“2.19”
Context: 780
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 780000Grade: 0.23Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3f986f67ea9a92b8a7ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 780000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred copper resource at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred copper resource
Evidence · table
“0.23”
Context: 780
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 780000Grade: 6.55Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3f986f67ea9a92b8a7ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 780000
- Grade
- 6.55
- Grade Unit
- %
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred zinc resource at 1901, indicating strong potential.
Positive factors
- High-grade inferred zinc resource at 1901
Evidence · table
“6.55”
Context: 780
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 780000Grade: 41.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3f986f67ea9a92b8a7ae
- Deposit or zone
- 1901
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 780000
- Grade
- 41.6
- Grade Unit
- g/t
- Cutoff Grade
- 160
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a high-grade inferred silver resource at 1901, contributing to the polymetallic nature of the deposit.
Positive factors
- High-grade inferred silver resource
Evidence · table
“41.6”
Context: 780
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 880000Grade: 2.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:6579387f0447343b0662
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 880000
- Grade
- 2.23
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at Talbot, contributing to the overall resource base.
Positive factors
- Inferred gold resource at Talbot
Evidence · table
“2.23”
Context: 880
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 880000Grade: 1.52Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:6579387f0447343b0662
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 880000
- Grade
- 1.52
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred copper resource at Talbot, contributing to the overall resource base.
Positive factors
- Inferred copper resource at Talbot
Evidence · table
“1.52”
Context: 880
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 880000Grade: 1.17Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:6579387f0447343b0662
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 880000
- Grade
- 1.17
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred zinc resource at Talbot, contributing to the overall resource base.
Positive factors
- Inferred zinc resource at Talbot
Evidence · table
“1.17”
Context: 880
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 880000Grade: 29.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:6579387f0447343b0662
- Deposit or zone
- Talbot
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 880000
- Grade
- 29.6
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred silver resource at Talbot, contributing to the overall resource base.
Positive factors
- Inferred silver resource at Talbot
Evidence · table
“29.6”
Context: 880
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 740000Grade: 1.03Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e07ab42f95bddad81d6
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 740000
- Grade
- 1.03
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at Rail, contributing to the overall resource base.
Positive factors
- Inferred gold resource at Rail
Evidence · table
“1.03”
Context: 740
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 740000Grade: 3.29Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e07ab42f95bddad81d6
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 740000
- Grade
- 3.29
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred copper resource at Rail, indicating strong potential.
Positive factors
- High-grade inferred copper resource at Rail
Evidence · table
“3.29”
Context: 740
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 740000Grade: 0.55Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e07ab42f95bddad81d6
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 740000
- Grade
- 0.55
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred zinc resource at Rail, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred zinc resource
Evidence · table
“0.55”
Context: 740
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 740000Grade: 8.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:2e07ab42f95bddad81d6
- Deposit or zone
- Rail
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 740000
- Grade
- 8.9
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at Rail, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“8.9”
Context: 740
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 3150000Grade: 1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3ef3a813a47da24a6378
- Deposit or zone
- Watts
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 1
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at Watts, contributing to the overall resource base.
Positive factors
- Inferred gold resource at Watts
Evidence · table
“1.00”
Context: 3,150
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 3150000Grade: 2.34Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3ef3a813a47da24a6378
- Deposit or zone
- Watts
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 2.34
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred copper resource at Watts, indicating strong potential.
Positive factors
- High-grade inferred copper resource at Watts
Evidence · table
“2.34”
Context: 3,150
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 3150000Grade: 2.58Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3ef3a813a47da24a6378
- Deposit or zone
- Watts
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 2.58
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred zinc resource at Watts, contributing to the overall resource base.
Positive factors
- Inferred zinc resource at Watts
Evidence · table
“2.58”
Context: 3,150
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 3150000Grade: 31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3ef3a813a47da24a6378
- Deposit or zone
- Watts
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3150000
- Grade
- 31
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred silver resource at Watts, contributing to the overall resource base.
Positive factors
- Inferred silver resource at Watts
Evidence · table
“31.0”
Context: 3,150
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 600000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3af29e351842fde3cbc1
- Deposit or zone
- Pen II
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 600000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at Pen II, contributing to the overall resource base.
Positive factors
- Inferred gold resource at Pen II
Evidence · table
“0.30”
Context: 600
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · copperTonnes: 600000Grade: 0.46Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3af29e351842fde3cbc1
- Deposit or zone
- Pen II
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 600000
- Grade
- 0.46
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred copper resource at Pen II, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred copper resource
Evidence · table
“0.46”
Context: 600
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · zincTonnes: 600000Grade: 9.09Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3af29e351842fde3cbc1
- Deposit or zone
- Pen II
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 600000
- Grade
- 9.09
- Grade Unit
- %
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred zinc resource at Pen II, indicating strong potential.
Positive factors
- High-grade inferred zinc resource at Pen II
Evidence · table
“9.09”
Context: 600
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · silverTonnes: 600000Grade: 6.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3af29e351842fde3cbc1
- Deposit or zone
- Pen II
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 600000
- Grade
- 6.8
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is an inferred silver resource at Pen II, contributing to the polymetallic nature of the deposit.
Positive factors
- Inferred silver resource
Evidence · table
“6.8”
Context: 600
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 3180000Grade: 2.83Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:f492e73ce830da0e4bb9
- Deposit or zone
- Upper Britannia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3180000
- Grade
- 2.83
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a significant inferred gold resource at the Upper Britannia zone, highlighting the potential of the Britannia Gold Project as a new anchor deposit.
Positive factors
- Significant inferred gold resource at Britannia Gold Project
- New anchor deposit opportunity
Evidence · table
“2.83”
Context: 3,180
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 2520000Grade: 3.44Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:b8f40d96e7d089bac8c2
- Deposit or zone
- Lower Britannia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2520000
- Grade
- 3.44
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents a high-grade inferred gold resource at the Lower Britannia zone, further enhancing the potential of the Britannia Gold Project as a new anchor deposit.
Positive factors
- High-grade inferred gold resource at Britannia Gold Project
- New anchor deposit opportunity
Evidence · table
“3.44”
Context: 2,520
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 1420000Grade: 2.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:3c451391b83b20a4a150
- Deposit or zone
- Boundary
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1420000
- Grade
- 2.23
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at the Boundary zone of the Britannia Gold Project.
Positive factors
- Inferred gold resource at Britannia Gold Project
Evidence · table
“2.23”
Context: 1,420
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
inferredSnow Lake · goldTonnes: 1140000Grade: 2.51Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Andre Brulotte
- Resource group id
- resource:dc6654f65f5800301a84
- Deposit or zone
- Birch
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1140000
- Grade
- 2.51
- Grade Unit
- g/t
- Cutoff Grade
- 150
- Cutoff Unit
- C$/tonne NSR
Prior Estimate
- Resource Date
- 2026-09-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This represents an inferred gold resource at the Birch zone of the Britannia Gold Project.
Positive factors
- Inferred gold resource at Britannia Gold Project
Evidence · table
“2.51”
Context: 1,140
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 82Snow Lake · goldContained Metal: 1931Contained Unit: kozView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Contained Metal
- 1931
- Contained Unit
- koz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine gold production of 1.931 million ounces represents a substantial increase and is a key positive outcome of the updated mine plan.
Positive factors
- Significant life-of-mine gold production
- 60% increase in total gold production compared to 2021 technical report
Evidence · table
“1,931”
Context: 201
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 83Snow Lake · copperContained Metal: 209Contained Unit: ktView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Contained Metal
- 209
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine copper production of 209 kilotonnes is a significant contribution from the updated mine plan.
Positive factors
- Significant life-of-mine copper production
Evidence · table
“209”
Context: 11
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 84Snow Lake · zincContained Metal: 325Contained Unit: ktView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Contained Metal
- 325
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine zinc production of 325 kilotonnes is a significant contribution from the updated mine plan.
Positive factors
- Significant life-of-mine zinc production
Evidence · table
“325”
Context: 18
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 85Snow Lake · silverContained Metal: 12380Contained Unit: kozView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Contained Metal
- 12380
- Contained Unit
- koz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine silver production of 12.38 million ounces is a significant contribution from the updated mine plan.
Positive factors
- Significant life-of-mine silver production
Evidence · table
“12,380”
Context: 967
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 86Snow Lake · goldView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine gold equivalent production of 2.716 million ounces highlights the overall value of the polymetallic production.
Positive factors
- Significant life-of-mine gold equivalent production
Evidence · table
“2,716”
Context: 262
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Fact 87Snow Lake · copperView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Resource scope
- Reporting standards
- ni_43_101
- Resource group id
- resource:e332333d2e1f68d50ed4
- Mining method
- underground
- Ownership percent
- 100 %
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The projected life-of-mine copper equivalent production of 883 kilotonnes highlights the overall value of the polymetallic production.
Positive factors
- Significant life-of-mine copper equivalent production
Evidence · table
“883”
Context: 87
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
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
Metallurgical Results (6)
Fact 1Snow Lake · goldRecovery: 88.9 %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Combined Recovery – New Britannia and Stall
Recovery
- Recovery
- 88.9 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The life-of-mine gold recovery of 88.9% is strong, indicating efficient processing and contributing positively to project economics.
Positive factors
- High gold recovery for life-of-mine
- Reflects optimized processing infrastructure and increased recoveries
Evidence · table
“88.9”
Context: 88.3
Tags used in scoring
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 2Snow Lake · copperRecovery: 89.7 %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Combined Recovery – New Britannia and Stall
Recovery
- Recovery
- 89.7 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The life-of-mine copper recovery of 89.7% is strong, indicating efficient processing and contributing positively to project economics.
Positive factors
- High copper recovery for life-of-mine
- Reflects optimized processing infrastructure and increased recoveries
Evidence · table
“89.7”
Context: 90.1
Tags used in scoring
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 3Snow Lake · zincRecovery: 85.9 %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Combined Recovery – New Britannia and Stall
Recovery
- Recovery
- 85.9 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The life-of-mine zinc recovery of 85.9% is strong, indicating efficient processing and contributing positively to project economics.
Positive factors
- Strong zinc recovery for life-of-mine
- Reflects optimized processing infrastructure and increased recoveries
Evidence · table
“85.9”
Context: 82.3
Tags used in scoring
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 4Snow Lake · silverRecovery: 77.6 %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Combined Recovery – New Britannia and Stall
Recovery
- Recovery
- 77.6 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: The life-of-mine silver recovery of 77.6% is good, indicating efficient processing and contributing positively to project economics.
Positive factors
- Good silver recovery for life-of-mine
- Reflects optimized processing infrastructure and increased recoveries
Evidence · table
“77.6”
Context: 74.6
Tags used in scoring
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 5Snow Lake · goldRecovery: 58 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Stall mill
Recovery
- Recovery
- 58 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: This is a historical gold recovery figure from the Stall mill in 2022, provided for comparison with current improvements.
Evidence · text
“increased gold recoveries from 58% in 2022”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 58% is below the weak band (80%)
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 6Snow Lake · goldRecovery: 70 %View all detailsHide details
Identity
- Project
- Snow Lake
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- HBM
Test Work
- Processing Route
- Stall mill
Recovery
- Recovery
- 70 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-28T00:00:00.000Z
Reasoning: Current gold recoveries at the Stall mill have improved to over 70%, demonstrating successful optimization initiatives.
Positive factors
- Improved gold recovery at Stall mill
Evidence · text
“to more than 70% today”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 70% is below the weak band (80%)
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
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.