JAGUAR URANIUM ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE AT LAGUNA SALADA IN ARGENTINA

Original announcement by orestocks on

Company
Jaguar Uranium Corp.
Ticker
JAGU
Exchange
Unavailable
Region
Chubut Province, Argentina
Primary commodity
Uranium
Secondary commodities
Vanadium
Document categories
Resource update
Extracted
2026-10-13 12:04:07 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Jaguar Uranium has announced a maiden Mineral Resource Estimate for its Laguna Salada project in Argentina, totaling 4.2 million lbs of Indicated and 10.1 million lbs of Inferred U3O8. The resource is characterized by its large-scale, near-surface, bulk-tonnage potential and covers only a small fraction of the total project area.

Reasoning: The announcement of a maiden resource estimate for a large-scale uranium-vanadium project is a major milestone, though the high proportion of Inferred material and reliance on historical data warrants caution.

Positive factors

  • Maiden resource estimate establishes significant scale
  • Large-scale, bulk-tonnage, near-surface potential
  • Covers only 4.3% of total project area suggesting expansion potential
  • Strong cash position with US$18 million and no debt

Negative factors

  • Resource is primarily Inferred (58% of total tonnes)
  • Relies heavily on historical pit and trench sampling which may introduce bias

Facts used in scoring: 16

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: This is the first formal MRE for the Laguna Salada project.

Evidence · text

“JAGUAR URANIUM ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The MRE was prepared in accordance with NI 43-101 standards.

Evidence · text

“prepared in accordance with... National Instrument 43-101”

Cut-off Disclosedpositive

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

Why it applies: The NSR cut-off value of US$12.08/t is clearly stated.

Evidence · text

“reported using a Net Smelter Return ("NSR") cut-off value of US$12.08/t”

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: Qualified Persons Simon Mortimer and C. Gustavo Fernandez are named.

Evidence · text

“reviewed and approved by independent Qualified Persons Dr. Scott Jobin-Bevans... and Simon J.A. Mortimer”

Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

Resource Estimates (16)

indicatedLaguna Salada · uraniumTonnes: 10600000Grade: 121Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:fd6896d132cff464ca03
Deposit or zone
Laguna Salada
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
10600000
Grade
121
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
91
Metal Eq. Unit
ppm U3O8 Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: High-grade indicated resource in a near-surface deposit.

Positive factors

  • Strong grade for indicated category

Evidence · table

“121”

Context: 10,600,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLaguna Salada · vanadiumTonnes: 10600000Grade: 17Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:fd6896d132cff464ca03
Deposit or zone
Laguna Salada
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
10600000
Grade
17
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of the indicated resource.

Evidence · table

“17”

Context: 10,600,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLaguna Salada · uraniumTonnes: 13000000Grade: 106Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:e373024d254f7842079c
Deposit or zone
Laguna Salada
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
13000000
Grade
106
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
960
Metal Eq. Unit
ppm U3O8 Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Significant tonnage but lower confidence category.

Negative factors

  • Inferred category implies lower geological confidence

Evidence · table

“106”

Context: 13,000,000

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

inferredLaguna Salada · vanadiumTonnes: 13000000Grade: 15Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:e373024d254f7842079c
Deposit or zone
Laguna Salada
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
13000000
Grade
15
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of the inferred resource.

Evidence · table

“15”

Context: 13,000,000

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

indicatedLaguna Salada · uraniumTonnes: 8460000Grade: 102Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:933b6257506e7af9413e
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
8460000
Grade
102
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
625
Metal Eq. Unit
ppm U3O8 Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Solid indicated resource in Pampa de Arroqui zone.

Evidence · table

“102”

Context: 8,460,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLaguna Salada · vanadiumTonnes: 8460000Grade: 14Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:933b6257506e7af9413e
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
8460000
Grade
14
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of indicated resource.

Evidence · table

“14”

Context: 8,460,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLaguna Salada · uraniumTonnes: 1300000Grade: 110Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:781cd70ed4ac578e8a35
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1300000
Grade
110
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
110
Metal Eq. Unit
ppm U3O8 Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Smaller inferred resource component.

Negative factors

  • Inferred category

Evidence · table

“110”

Context: 1,300,000

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

inferredLaguna Salada · vanadiumTonnes: 1300000Grade: 15Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:781cd70ed4ac578e8a35
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
near surface
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1300000
Grade
15
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of inferred resource.

Evidence · table

“15”

Context: 1,300,000

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

indicatedLaguna Salada · uraniumTonnes: 1450000Grade: 132Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:ca7ecb45b083791c3fa8
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1450000
Grade
132
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
192
Metal Eq. Unit
ppm U3O8 Eq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Strong indicated resource in the pit-constrained zone.

Positive factors

  • High grade for pit-constrained resource

Evidence · table

“192”

Context: 1,450,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLaguna Salada · vanadiumTonnes: 1450000Grade: 23Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:ca7ecb45b083791c3fa8
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1450000
Grade
23
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of indicated resource.

Evidence · table

“23”

Context: 1,450,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLaguna Salada · uraniumTonnes: 5200000Grade: 149Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:ac2475881d5965b11177
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5200000
Grade
149
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
780
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Significant inferred resource in the pit-constrained zone.

Negative factors

  • Inferred category

Evidence · table

“780”

Context: 5,200,000

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

inferredLaguna Salada · vanadiumTonnes: 5200000Grade: 25Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:ac2475881d5965b11177
Deposit or zone
Pampa de Arroqui
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5200000
Grade
25
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of inferred resource.

Evidence · table

“25”

Context: 5,200,000

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

indicatedLaguna Salada · uraniumTonnes: 576000Grade: 205Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:33166be8e54614875a31
Deposit or zone
Buried Lake
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
576000
Grade
205
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
118
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: High-grade indicated resource in the Buried Lake zone.

Positive factors

  • Very high grade for indicated resource

Evidence · table

“118”

Context: 576,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLaguna Salada · vanadiumTonnes: 576000Grade: 34Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:33166be8e54614875a31
Deposit or zone
Buried Lake
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
indicated
Tonnes
576000
Grade
34
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of indicated resource.

Evidence · table

“34”

Context: 576,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLaguna Salada · uraniumTonnes: 14000000Grade: 192Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
uranium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:6bd453c6de99c9a1b1ea
Deposit or zone
Buried Lake
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
14000000
Grade
192
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Metal Equivalent

Metal Eq. Grade
2800
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Significant inferred resource in the Buried Lake zone.

Positive factors

  • Large tonnage and high grade for inferred

Negative factors

  • Inferred category

Evidence · table

“2800”

Context: 14,000,000

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

inferredLaguna Salada · vanadiumTonnes: 14000000Grade: 33Grade Unit: ppmView all details
Link to this fact

Identity

Project
Laguna Salada
Commodity
vanadium
Region
argentina
Reported Region
Chubut Province, Argentina
Ticker
JAGU

Resource scope

Estimate type
resource
Effective date
2026-10-05T00:00:00.000Z
Reporting standards
ni_43_101, sec_sk1300
QP Signed
Yes
Qualified person names
Simon Mortimer
Resource group id
resource:6bd453c6de99c9a1b1ea
Deposit or zone
Buried Lake
Mining method
open_pit
Material type
pit constrained
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
14000000
Grade
33
Grade Unit
ppm
Cutoff Grade
12.08
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-10-05

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: Secondary metal component of inferred resource.

Evidence · table

“33”

Context: 14,000,000

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

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.