KCN: 2026 Annual Report
Original announcement by asx on
- Company
- Kingsgate Consolidated Limited
- Ticker
- KCN
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Other, Resource update, Production, Drill results, Metallurgy
- Extracted
- 2026-10-06 23:12:09 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Kingsgate Consolidated Limited reported a landmark FY2026 with record net profit after tax of A$277.9 million, driven by strong gold and silver production of 86,078 ounces and 766,009 ounces respectively from the Chatree Gold Mine. The company significantly reduced debt, resumed dividend payments, and saw its Nueva Esperanza project's contained gold and silver increase due to higher metal price assumptions and royalty acquisition. The report also highlights ongoing metallurgical testwork for Nueva Esperanza to evaluate a lower-capital heap-leach pathway, showing exceptional recoveries.
Reasoning: The annual report details strong operational and financial performance, including record profit and production, significant debt reduction, and the resumption of dividends. Resource updates show positive growth for Nueva Esperanza and expected depletion for Chatree, with overall positive sentiment driven by financial strength and project advancements.
Positive factors
- Record net profit after tax of A$277.9 million
- Strong gold and silver production from Chatree Gold Mine
- Significant reduction in Nebari borrowings to A$14 million outstanding
- Resumption of dividends with a 10-cent interim dividend
- Increased contained gold and silver for Nueva Esperanza due to higher metal prices and royalty acquisition
- Chatree Gold Mine received ISO certifications for HSEC management systems
- Inclusion in the S&P/ASX 200 Index
- Metallurgical testwork for Nueva Esperanza assessing a lower-capital heap-leach pathway shows exceptional recoveries
- Resolution of the long-running TAFTA arbitration
Negative factors
- Contained gold and silver for Chatree decreased due to mining depletion
- Partial closure of Plant #1 for seven weeks
- Increase in waste material to be moved at Chatree
- Exploration activities paused pending licence approval in Thailand
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 46
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Resources and Ore Reserves estimates for both Chatree and Nueva Esperanza projects as of 30 June 2026, including comparisons to previous estimates.
Evidence · text
“Mineral Resources and Ore Reserves as at 30 June 2026”
Production Updateneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The report details gold and silver production figures for the Chatree Gold Mine for the year ended 30 June 2026, including sales, prices, and processing metrics.
Evidence · text
“Chatree Gold Mine delivered a strong operational performance during the year ended 30 June 2026, producing 86,078 ounces of gold and 766,009 ounces of silver”
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Nueva Esperanza's metallurgical testwork shows gold recoveries of 82% to 90% and silver recoveries of 71% to 88% for a heap leach route, which are exceptional for this processing method.
Evidence · text
“Nueva Esperanza metallurgical recoveries vary from 82% to 90% for gold and 71% to 88% for silver depending upon the deposit and the mineralogy.”
Low Recoverynegative · Story-specific tag
Recovery below the weak band for the commodity and processing route.
Why it applies: Chatree's silver recovery of 60.7% is below the weak band for a mill processing route, indicating potential processing challenges.
Evidence · text
“at an average of 83.0% for gold and 60.7% for silver”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Mineral Resources and Ore Reserves estimates are based on the JORC Code 2012, indicating a high reporting standard.
Evidence · text
“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (JORC Code)”
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 report explicitly names Competent Persons Racquel Kolkert, Mitchell Rohr, and Paul Hetherington who are responsible for the Mineral Resources and Ore Reserves estimates.
Evidence · text
“Information in this report that relates to the Chatree and South-East Complex Mineral Resources is based on, and fairly represents, information compiled by Racquel Kolkert”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Nueva Esperanza's contained gold increased by 37% and contained silver increased by 31% in Ore Reserves, indicating a significant upgrade in confidence and economic viability.
Evidence · text
“For Nueva Esperanza, contained gold increased by 37% and contained silver increased by 31%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Nueva Esperanza's Ore Reserves show a 37% increase in contained gold and a 31% increase in contained silver compared to the previous estimate.
Evidence · text
“For Nueva Esperanza, contained gold increased by 37% and contained silver increased by 31%”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Chatree's Mineral Resources show a 4% decrease in contained gold and a 7% decrease in contained silver, attributed to mining depletion.
Evidence · text
“For Chatree, contained gold decreased by 4% and contained silver decreased by 7%, attributed entirely to mining depletion.”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Chatree's Ore Reserves show a 9% decrease in contained gold and a 12% decrease in contained silver, attributed to mining depletion.
Evidence · text
“For Chatree, contained gold decreased by 9% and contained silver decreased by 12%, attributed entirely to mining depletion.”
Heap Leach Routeneutral · Story-specific tag
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The Nueva Esperanza project is testing the viability of using a heap-leach process for its metallurgical testwork.
Evidence · text
“Drilling has been completed over recent months to test the viability of using a heap-leach process leading to a feasibility study later this year.”
Mill Routeneutral · Story-specific tag
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The Chatree Gold Mine operates Plants #1 and #2, which are processing facilities, indicating a mill route for processing.
Evidence · text
“Crushed ore on the conveyor at Chatree processing plant.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 28. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Chatree Gold Mine · goldGrade: 0.6Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Chatree Gold Mine
- Commodity
- gold
- Region
- thailand
- Reported Region
- thailand
- Ticker
- KCN
Geometry
- Grade
- 0.6
- Grade Unit
- g/t
Classification
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The gold recovery of 83.0% is below the moderate band for a mill processing route, indicating potential for optimization.
Negative factors
- Recovery is weak for a mill route
Evidence · text
“Gold and silver recoveries both improved over the year ended 30 June 2026, at an average of 83.0% for gold”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Chatree Gold Mine · silverGrade: 7.4Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Chatree Gold Mine
- Commodity
- silver
- Region
- thailand
- Reported Region
- thailand
- Ticker
- KCN
Geometry
- Grade
- 7.4
- Grade Unit
- g/t
Classification
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The silver recovery of 60.7% is below the weak band for a mill processing route, indicating significant room for improvement or potential processing challenges.
Negative factors
- Recovery is below the weak band for a mill route
Evidence · text
“at an average of 83.0% for gold and 60.7% for silver”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (24)
measuredChatree · goldTonnes: 14100000Grade: 0.76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:2275db215b3c0d504fc8
- Deposit or zone
- Open Pit
Resource Data
- Category
- measured
- Tonnes
- 14100000
- Grade
- 0.76
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Measured resource grade of 0.76 g/t Au is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.76”
Context: 14.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredChatree · silverTonnes: 14100000Grade: 6.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:2275db215b3c0d504fc8
- Deposit or zone
- Open Pit
Resource Data
- Category
- measured
- Tonnes
- 14100000
- Grade
- 6.3
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Measured resource grade of 6.3 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“6.3”
Context: 14.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedChatree · goldTonnes: 69100000Grade: 0.75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:99b79eb682ffaf32ee00
- Deposit or zone
- Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 69100000
- Grade
- 0.75
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 0.75 g/t Au is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.75”
Context: 69.1
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedChatree · silverTonnes: 69100000Grade: 5.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:99b79eb682ffaf32ee00
- Deposit or zone
- Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 69100000
- Grade
- 5.6
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 5.6 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“5.6”
Context: 69.1
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredChatree · goldTonnes: 23600000Grade: 0.63Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:8097e50ff82a52cb4547
- Deposit or zone
- Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 23600000
- Grade
- 0.63
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 0.63 g/t Au is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.63”
Context: 23.6
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredChatree · silverTonnes: 23600000Grade: 3.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:8097e50ff82a52cb4547
- Deposit or zone
- Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 23600000
- Grade
- 3.9
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 3.9 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“3.9”
Context: 23.6
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredChatree · goldTonnes: 4300000Grade: 0.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:eb552f582a6688de0210
- Deposit or zone
- Stockpiles
Resource Data
- Category
- measured
- Tonnes
- 4300000
- Grade
- 0.42
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Measured stockpile resource grade of 0.42 g/t Au is weak, and the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.42”
Context: 4.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredChatree · silverTonnes: 4300000Grade: 7.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:eb552f582a6688de0210
- Deposit or zone
- Stockpiles
Resource Data
- Category
- measured
- Tonnes
- 4300000
- Grade
- 7.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Measured stockpile resource grade of 7.1 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“7.1”
Context: 4.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedChatree · goldTonnes: 13000000Grade: 0.65Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:6ff992299f0963793fe1
- Deposit or zone
- South-East Complex
Resource Data
- Category
- indicated
- Tonnes
- 13000000
- Grade
- 0.65
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 0.65 g/t Au for the South-East Complex is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.65”
Context: 13.0
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedChatree · silverTonnes: 13000000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:6ff992299f0963793fe1
- Deposit or zone
- South-East Complex
Resource Data
- Category
- indicated
- Tonnes
- 13000000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 4.5 g/t Ag for the South-East Complex is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“4.5”
Context: 13.0
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredChatree · goldTonnes: 13900000Grade: 0.61Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:cc48c8b5d9230efef0cf
- Deposit or zone
- South-East Complex
Resource Data
- Category
- inferred
- Tonnes
- 13900000
- Grade
- 0.61
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 0.61 g/t Au for the South-East Complex is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 4% due to mining depletion
Evidence · table
“0.61”
Context: 13.9
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredChatree · silverTonnes: 13900000Grade: 5.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Racquel Kolkert
- Resource group id
- resource:cc48c8b5d9230efef0cf
- Deposit or zone
- South-East Complex
Resource Data
- Category
- inferred
- Tonnes
- 13900000
- Grade
- 5.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 5.1 g/t Ag for the South-East Complex is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 7% due to mining depletion
Evidence · table
“5.1”
Context: 13.9
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedNueva Esperanza · goldTonnes: 26100000Grade: 0.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Hetherington
- Resource group id
- resource:870ddd25692dfd6f6866
- Deposit or zone
- Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 26100000
- Grade
- 0.34
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 0.34 g/t Au is weak for an open pit, but the project saw a 1% increase in contained gold.
Positive factors
- Contained gold increased by 1%
Evidence · table
“0.34”
Context: 26.1
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedNueva Esperanza · silverTonnes: 26100000Grade: 68Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- silver
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Hetherington
- Resource group id
- resource:870ddd25692dfd6f6866
- Deposit or zone
- Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 26100000
- Grade
- 68
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Indicated resource grade of 68 g/t Ag is moderate, and the project saw a 3% increase in contained silver.
Positive factors
- Contained silver increased by 3%
Evidence · table
“68”
Context: 26.1
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNueva Esperanza · goldTonnes: 4700000Grade: 0.48Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Hetherington
- Resource group id
- resource:275ee34c017123d49685
- Deposit or zone
- Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 4700000
- Grade
- 0.48
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 0.48 g/t Au is weak for an open pit, but the project saw a 1% increase in contained gold.
Positive factors
- Contained gold increased by 1%
Evidence · table
“0.48”
Context: 4.7
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNueva Esperanza · silverTonnes: 4700000Grade: 37Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- silver
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Hetherington
- Resource group id
- resource:275ee34c017123d49685
- Deposit or zone
- Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 4700000
- Grade
- 37
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Inferred resource grade of 37 g/t Ag is weak, but the project saw a 3% increase in contained silver.
Positive factors
- Contained silver increased by 3%
Evidence · table
“37”
Context: 4.7
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenChatree · goldTonnes: 8100000Grade: 0.83Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:afdbc16c3d90f1ba83f1
- Deposit or zone
- Open Pit
Resource Data
- Category
- proven
- Tonnes
- 8100000
- Grade
- 0.83
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Proved reserve grade of 0.83 g/t Au is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 9% due to mining depletion
Evidence · table
“0.83”
Context: 8.1
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenChatree · silverTonnes: 8100000Grade: 6.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:afdbc16c3d90f1ba83f1
- Deposit or zone
- Open Pit
Resource Data
- Category
- proven
- Tonnes
- 8100000
- Grade
- 6.9
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Proved reserve grade of 6.9 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 12% due to mining depletion
Evidence · table
“6.9”
Context: 8.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableChatree · goldTonnes: 33900000Grade: 0.81Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:133c8b60654cd4b35f28
- Deposit or zone
- Open Pit
Resource Data
- Category
- probable
- Tonnes
- 33900000
- Grade
- 0.81
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Probable reserve grade of 0.81 g/t Au is moderate for an open pit, but the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 9% due to mining depletion
Evidence · table
“0.81”
Context: 33.9
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableChatree · silverTonnes: 33900000Grade: 6.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:133c8b60654cd4b35f28
- Deposit or zone
- Open Pit
Resource Data
- Category
- probable
- Tonnes
- 33900000
- Grade
- 6.2
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Probable reserve grade of 6.2 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 12% due to mining depletion
Evidence · table
“6.2”
Context: 33.9
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenChatree · goldTonnes: 4300000Grade: 0.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- gold
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:d9599e2420c8d6b6bc0f
- Deposit or zone
- Stockpiles
Resource Data
- Category
- proven
- Tonnes
- 4300000
- Grade
- 0.42
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Proved stockpile reserve grade of 0.42 g/t Au is weak, and the overall contained gold for Chatree decreased due to mining depletion.
Negative factors
- Contained gold decreased by 9% due to mining depletion
Evidence · table
“0.42”
Context: 4.3
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenChatree · silverTonnes: 4300000Grade: 7.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Chatree
- Commodity
- silver
- Region
- thailand
- Reported Region
- Thailand
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:d9599e2420c8d6b6bc0f
- Deposit or zone
- Stockpiles
Resource Data
- Category
- proven
- Tonnes
- 4300000
- Grade
- 7.1
- Grade Unit
- g/t
- Cutoff Grade
- 16.16
- Cutoff Unit
- NSR$/oz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Proved stockpile reserve grade of 7.1 g/t Ag is weak, and the overall contained silver for Chatree decreased due to mining depletion.
Negative factors
- Contained silver decreased by 12% due to mining depletion
Evidence · table
“7.1”
Context: 4.3
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableNueva Esperanza · goldTonnes: 23700000Grade: 0.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:896d65cd4d6e918ce4b5
- Deposit or zone
- Open Pit
Resource Data
- Category
- probable
- Tonnes
- 23700000
- Grade
- 0.34
- Grade Unit
- g/t
- Cutoff Grade
- 21.5
- Cutoff Unit
- NSR$/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Probable reserve grade of 0.34 g/t Au is weak for an open pit, but the project saw a significant 37% increase in contained gold.
Positive factors
- Contained gold increased by 37%
Evidence · table
“0.34”
Context: 23.7
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableNueva Esperanza · silverTonnes: 23700000Grade: 68Grade Unit: g/tView all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- silver
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mitchell Rohr
- Resource group id
- resource:896d65cd4d6e918ce4b5
- Deposit or zone
- Open Pit
Resource Data
- Category
- probable
- Tonnes
- 23700000
- Grade
- 68
- Grade Unit
- g/t
- Cutoff Grade
- 21.5
- Cutoff Unit
- NSR$/t
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Probable reserve grade of 68 g/t Ag is moderate, and the project saw a significant 31% increase in contained silver.
Positive factors
- Contained silver increased by 31%
Evidence · table
“68”
Context: 23.7
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (2)
column leachNueva Esperanza · goldRecovery: 82 %View all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Test Work
- Program Status
- preliminary
- Test Type
- column leach
- Processing Route
- heap leach
- Sample
- fresh samples of PQ3 drill core from Arqueros, Chimberos and Teterita orebodies
Recovery
- Recovery
- 82 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Gold recovery ranging from 82% to 90% is exceptional for a heap leach processing route, indicating strong metallurgical potential for the project's gold component.
Positive factors
- Recovery is exceptional for a heap leach route
- Testwork supports a lower-capital heap-leach pathway
Negative factors
- Recovery basis is unspecified
Evidence · text
“Nueva Esperanza metallurgical recoveries vary from 82% to 90% for gold”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 82% is at or above the exceptional band (75%)
column leachNueva Esperanza · silverRecovery: 71 %View all detailsHide details
Identity
- Project
- Nueva Esperanza
- Commodity
- silver
- Region
- chile
- Reported Region
- Chile
- Ticker
- KCN
Test Work
- Program Status
- preliminary
- Test Type
- column leach
- Processing Route
- heap leach
- Sample
- fresh samples of PQ3 drill core from Arqueros, Chimberos and Teterita orebodies
Recovery
- Recovery
- 71 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Silver recovery ranging from 71% to 88% is exceptional for a heap leach processing route, indicating strong metallurgical potential for the project's silver component.
Positive factors
- Recovery is exceptional for a heap leach route
- Testwork supports a lower-capital heap-leach pathway
Negative factors
- Recovery basis is unspecified
Evidence · text
“and 71% to 88% for silver depending upon the deposit and the mineralogy.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 71% is below the weak band (75%)
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.