# Lara Exploration Announces Filing of Technical Report for Previously Announced Maiden Copper-Gold Resource for the Planalto Project, Brazil Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f Original source: https://money.tmx.com/en/quote/LRA/news/7979198589735251/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m Publisher: tmx Original announcement: 2024-10-17T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lara Exploration Ltd. - Ticker: LRA - Exchange: TSX - Region: Brazil - Primary commodity: Copper - Secondary commodities: Gold - Document categories: Resource update - Extracted: 2026-08-21 09:19:52 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Lara Exploration has filed an independent NI 43-101 technical report supporting its maiden copper-gold resource at the Planalto Project in Brazil. The resource includes 47.7 Mt of Indicated and 154 Mt of Inferred resources at an average grade of 0.36% Cu and 0.04 g/t Au. Reasoning: The filing of a formal NI 43-101 technical report for a maiden resource provides significant de-risking and transparency, though the resource remains heavily weighted toward the Inferred category. - Positive factor: Significant copper-gold resource scale - Positive factor: NI 43-101 compliant technical report filed - Positive factor: Clear disclosure of CuEq assumptions and cut-off - Negative factor: High proportion of Inferred resource \(approx 77%\) - Negative factor: Low grades for both copper and gold Facts used in scoring: 8 ## 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: The technical report supports the initial resource estimate for the Planalto Project. Evidence · text > supporting the initial 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 technical report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 **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 Leonardo de Moraes Soares and Michael Bennell are named and have signed off. Evidence · text > The QP responsible for the Mineral Resources Estimate is geologist Leonardo Soares **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 report explicitly states a 0.16% copper-equivalent cut-off. Evidence · text > reported above a 0.16 % copper-equivalent cut off **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · table > 154.0 Context: Total Inferred ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-0) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: indicated - Tonnes: 47700000 - Grade: 0.53 - Grade Unit: % - Contained Metal: 253000 - Contained Unit: kt #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Indicated copper grade of 0.53% is moderate for an open pit porphyry-style deposit. - Positive factor: Solid indicated tonnage - Negative factor: Moderate grade Evidence · table > 0.53 Context: 47.7 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-1) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: indicated - Tonnes: 47700000 - Grade: 0.56 - Grade Unit: % CuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Copper equivalent grade reported with disclosed assumptions. - Positive factor: Clear CuEq disclosure Evidence · table > 0.56 Context: 47.7 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: LRA #### Resource Data - Category: indicated - Tonnes: 47700000 - Grade: 0.06 - Grade Unit: g/t - Contained Metal: 92000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Gold grade is marginal at 0.06 g/t. - Negative factor: Very low gold grade Evidence · table > 0.06 Context: 47.7 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-3) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: inferred - Tonnes: 154000000 - Grade: 0.36 - Grade Unit: % - Contained Metal: 549000 - Contained Unit: kt #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Large inferred resource but at a low average grade of 0.36% Cu. - Positive factor: Large tonnage scale - Negative factor: High proportion of inferred material - Negative factor: Low grade Evidence · table > 0.36 Context: 154.0 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-4) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: inferred - Tonnes: 154000000 - Grade: 0.38 - Grade Unit: % CuEq #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Inferred CuEq grade is low at 0.38%. - Negative factor: Low grade Evidence · table > 0.38 Context: 154.0 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-5) gold #### Identity - Commodity: gold - Ticker: LRA #### Resource Data - Category: inferred - Tonnes: 154000000 - Grade: 0.04 - Grade Unit: g/t - Contained Metal: 223500 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Gold grade is extremely low at 0.04 g/t. - Negative factor: Very low gold grade Evidence · table > 0.04 Context: 154.0 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-6) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: inferred - Tonnes: 77700000 - Grade: 0.51 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Inferred main mineralization grade is 0.51% Cu. Evidence · table > 0.51 Context: 77.7 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lara-exploration-announces-filing-of-technical-report-for-previously-announced-m--b7561bf8-efa9-4dae-ba01-3b9e559b042f#fact-resource-facts-7) copper #### Identity - Commodity: copper - Ticker: LRA #### Resource Data - Category: inferred - Tonnes: 76300000 - Grade: 0.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-10-17T00:00:00.000Z Reasoning: Host rock mineralization is low grade at 0.2% Cu. - Negative factor: Low grade host rock Evidence · table > 0.2 Context: 76.3 ## 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.