# JAGUAR URANIUM ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE AT LAGUNA SALADA IN ARGENTINA Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189 Original source: https://orestocks.com/company/JAGU/press-releases/6876493887501308 Publisher: orestocks Original announcement: 2026-10-13T10:55:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T12:04:07.276Z Atlas analysis updated: 2026-10-13T12:04:07.276Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Maiden resource estimate establishes significant scale - Positive factor: Large-scale, bulk-tonnage, near-surface potential - Positive factor: Covers only 4.3% of total project area suggesting expansion potential - Positive factor: Strong cash position with US$18 million and no debt - Negative factor: Resource is primarily Inferred \(58% of total tonnes\) - Negative factor: Relies heavily on historical pit and trench sampling which may introduce bias Facts used in scoring: 16 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with... National Instrument 43-101 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-0) Laguna Salada · uranium #### 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 factor: Strong grade for indicated category Evidence · table > 121 Context: 10,600,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-1) Laguna Salada · vanadium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-2) Laguna Salada · uranium #### 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 factor: Inferred category implies lower geological confidence Evidence · table > 106 Context: 13,000,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-3) Laguna Salada · vanadium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-4) Laguna Salada · uranium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-5) Laguna Salada · vanadium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-6) Laguna Salada · uranium #### 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 factor: Inferred category Evidence · table > 110 Context: 1,300,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-7) Laguna Salada · vanadium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-8) Laguna Salada · uranium #### 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 factor: High grade for pit-constrained resource Evidence · table > 192 Context: 1,450,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-9) Laguna Salada · vanadium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-10) Laguna Salada · uranium #### 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 factor: Inferred category Evidence · table > 780 Context: 5,200,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-11) Laguna Salada · vanadium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-12) Laguna Salada · uranium #### 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 factor: Very high grade for indicated resource Evidence · table > 118 Context: 576,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-13) Laguna Salada · vanadium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-14) Laguna Salada · uranium #### 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 factor: Large tonnage and high grade for inferred - Negative factor: Inferred category Evidence · table > 2800 Context: 14,000,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jaguar-uranium-announces-maiden-mineral-resource-estimate-at-laguna-salada-in-ar--28095c35-6b2e-4763-9f63-dcd9f5913189#fact-resource-facts-15) Laguna Salada · vanadium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: 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.