Liberty Gold Announces Black Pine Feasibility Study with US$2.4 Billion NPV(5%) and 60% IRR at $3,250/oz Au (after-tax)
Original announcement by globenewswire on
- Company
- Liberty Gold Corp.
- Ticker
- LGD
- Exchange
- Unavailable
- Region
- southern Idaho, USA
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Metallurgy, Permitting
- Extracted
- 2026-09-08 10:34:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Liberty Gold announced a Feasibility Study for its Black Pine Oxide Gold Project in Idaho, USA, revealing a post-tax NPV(5%) of US$2.4 billion and an IRR of 60.5% at a base case gold price of $3,250/oz Au. The study outlines a 16-year mine life with average annual payable gold production of 176,700 oz and a Probable Mineral Reserve of 4.04 million oz Au. The project features a conventional open-pit, run-of-mine heap leach operation with an initial capital cost of US$411.4 million, and permitting is advancing under the FAST-41 schedule.
Reasoning: The Feasibility Study demonstrates robust economics for a large-scale, long-life oxide gold project with a conventional heap leach operation, supported by a significant Probable Mineral Reserve and strong metallurgical recoveries, with permitting advancing.
Positive factors
- high_npv_irr
- large_reserve_base
- low_payback_period
- conventional_processing
- ni_43_101_compliant
- qp_signed
- high_recovery_for_route
- permitting_advancing
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 46
Classification and evidence
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: The document is a Feasibility Study, which is the highest level of study and supports a definitive feasibility study.
Evidence · text
“Liberty Gold Announces Black Pine Feasibility Study”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Feasibility Study was prepared in accordance with National Instrument 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Multiple Qualified Persons are listed in Table 7 and mentioned in the prose as responsible for various aspects of the study and estimates.
Evidence · text
“The scientific and technical information in this announcement has been reviewed and approved for release by Peter Shabestari, Vice President Exploration at Liberty Gold and the Company's designated Qualified Person within the meaning of NI 43-101.”
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Feasibility Study establishes a 4.04 million oz Au Probable Mineral Reserve.
Evidence · text
“4.04 million oz Au Probable Mineral Reserve”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The FS includes updated Mineral Resource and Mineral Reserve estimates.
Evidence · text
“incorporates updated Mineral Resource and Mineral Reserve estimates”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: An average gold recovery of 70.2% for a ROM heap leach operation is considered strong.
Evidence · table
“70.2%”
Context: Average Gold Recovery
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The project has undergone extensive metallurgical testwork, including eight metallurgical programs using bulk samples and large-diameter PQ core, and bulk sample column leach testing.
Evidence · text
“extensive metallurgical testwork, including eight metallurgical programs completed since 2019 using bulk samples and large-diameter PQ core”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The operation is described as a 'run-of-mine heap leach operation requiring no ore crushing, screening or agglomeration'.
Evidence · text
“open-pit, run-of-mine (“ROM”) heap-leach operation requiring no ore crushing, screening or agglomeration”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Gold recovery is based on 'recovery equations developed for the modeled metallurgical domains', implying variability testing.
Evidence · text
“recovery equations developed for the modeled metallurgical domains”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grades for both mineral reserves (0.05 g/t Au recoverable) and mineral resources (0.10 g/t Au) are clearly stated.
Evidence · text
“Mineral Reserves are reported to a cut-off grade of 0.05 g/t Au recoverable gold”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project is based on a 'run-of-mine heap leach operation'.
Evidence · text
“open-pit, run-of-mine (“ROM”) heap-leach operation”
Permitting Advancedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The project is 'advancing through federal and state permitting as a FAST-41 Covered Project' and the EIS process has been initiated.
Evidence · text
“Black Pine is currently advancing through federal and state permitting as a FAST-41 Covered Project”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Extracted facts
Stored fact records: 46. Some facts used in scoring do not have a stored record.
Resource Estimates (45)
Fact 1Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The initial capital cost of $411.4 million is a key economic metric for the project's development, indicating a significant but manageable investment for a large-scale operation.
Positive factors
- capital_efficient_development
Evidence · table
“$411.4 million”
Context: Initial Capital²
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 2Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The LOM AISC of $1,566/oz Au indicates competitive operating costs for a gold project, contributing positively to the overall economics.
Positive factors
- competitive_operating_costs
Evidence · table
“$1,566/oz Au”
Context: LOM AISC²
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 3Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The LOM Cash Cost of $1,388/oz Au further supports the competitive operating cost profile of the project.
Positive factors
- competitive_operating_costs
Evidence · table
“$1,388/oz Au”
Context: LOM Cash Cost²
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 4Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The after-tax NPV(5%) of $2.397 billion at a base case gold price of $3,250/oz Au indicates very strong project economics.
Positive factors
- robust_project_returns
- high_npv
Evidence · table
“$2,397 million”
Context: After-Tax NPV(5%)
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 5Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The after-tax IRR of 60.5% at a base case gold price of $3,250/oz Au demonstrates excellent financial returns for the project.
Positive factors
- robust_project_returns
- high_irr
Evidence · table
“60.5%”
Context: After-Tax IRR
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 6Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: A payback period of 2.0 years indicates a rapid return on initial capital investment, enhancing project attractiveness.
Positive factors
- low_payback_period
Evidence · table
“2.0 years”
Context: After-Tax Payback Period
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 7Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: A 16-year mine life indicates a long-term production profile, providing stability and sustained value generation.
Positive factors
- long_mine_life
Evidence · table
“16 years”
Context: Mine Life
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 8Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: A process throughput of 74,200 tonnes per day indicates a large-scale operation, supporting the significant production profile.
Positive factors
- large_scale_operation
Evidence · table
“74,200 tonnes per day (LOM average)”
Context: Process Throughput
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 9Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Processing 433.3 million tonnes of ore over the LOM highlights the substantial scale of the Black Pine project.
Positive factors
- large_scale_operation
Evidence · table
“433.3 million tonnes”
Context: Total Tonnes of Ore Mined and Processed
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 10Black Pine · goldGrade: 0.29Grade Unit: g/t AuView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Grade
- 0.29
- Grade Unit
- g/t Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The LOM head grade of 0.29 g/t Au is consistent with a large-scale, bulk-tonnage oxide gold deposit amenable to heap leaching.
Positive factors
- consistent_grade
Evidence · table
“0.29 g/t Au”
Context: Head Grade (5 year; 10 year; LOM)
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 11Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: A strip ratio of 1.34:1 (waste:ore) is favorable for an open-pit operation, indicating efficient mining and lower waste handling costs.
Positive factors
- favorable_strip_ratio
Evidence · table
“1.34:1”
Context: Strip Ratio (Waste:Ore)
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 12Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Total payable gold ounces of 2,838 koz over the LOM highlights the significant production potential of the project.
Positive factors
- significant_production
Evidence · table
“2,838 koz¹”
Context: Total Payable Gold Ounces
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 13Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Average annual payable gold production of 177 koz over the LOM indicates a consistent and substantial output from the project.
Positive factors
- consistent_production
Evidence · table
“177 koz”
Context: Average Annual Payable Gold Production (LOM)
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 14Black Pine · goldView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Average annual payable gold production of 202 koz in Years 1-5 demonstrates strong early production, contributing to a quick payback period.
Positive factors
- strong_early_production
Evidence · table
“202 koz”
Context: Average Annual Payable Gold Production (Yr 1-5)
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableBlack Pine · goldTonnes: 433300000Grade: 0.29Grade Unit: g/tContained Metal: 4.04Contained Unit: Million ozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- probable
- Tonnes
- 433300000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 4.04
- Contained Unit
- Million oz
- Cutoff Grade
- 0.05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Probable Mineral Reserve of 4.04 million oz Au at 0.29 g/t Au, compliant with NI 43-101 and signed off by a QP, forms a robust foundation for the project's economics and mine life.
Positive factors
- probable_reserve
- large_reserve_base
- qp_signed
- ni_43_101_compliant
- cut_off_disclosed
Evidence · table
“433.3”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 37614000Grade: 0.28Grade Unit: g/tContained Metal: 336Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 37614000
- Grade
- 0.28
- Grade Unit
- g/t
- Contained Metal
- 336
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated Mineral Resource in the CD area contributes to the overall resource base, providing geological confidence for future planning.
Positive factors
- indicated_resource
- qp_signed
- ni_43_101_compliant
- cut_off_disclosed
Evidence · table
“37,614”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 12223000Grade: 0.2Grade Unit: g/tContained Metal: 80Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 12223000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 80
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred Mineral Resource in the CD area represents potential for future conversion but has lower geological confidence.
Negative factors
- inferred_resource
Evidence · table
“12,223”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 188399000Grade: 0.35Grade Unit: g/tContained Metal: 2097Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 188399000
- Grade
- 0.35
- Grade Unit
- g/t
- Contained Metal
- 2097
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The large Indicated Mineral Resource in the Discovery area is a significant component of the overall resource, providing high confidence for development.
Positive factors
- indicated_resource
- large_tonnage
- qp_signed
- ni_43_101_compliant
- cut_off_disclosed
Evidence · table
“188,399”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · silverTonnes: 188399000Grade: 1.4Grade Unit: g/tContained Metal: 8147Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 188399000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 8147
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated silver resource in the Discovery area provides significant byproduct potential, adding value to the project.
Positive factors
- indicated_resource
- byproduct_potential
Evidence · table
“1.4”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 27503000Grade: 0.19Grade Unit: g/tContained Metal: 169Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 27503000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 169
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred gold resource in the Discovery area indicates further exploration potential but requires additional drilling to upgrade confidence.
Negative factors
- inferred_resource
Evidence · table
“27,503”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · silverTonnes: 27503000Grade: 1Grade Unit: g/tContained Metal: 912Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 27503000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 912
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred silver resource in the Discovery area adds to the byproduct potential, but its speculative nature requires further work.
Positive factors
- byproduct_potential
Negative factors
- inferred_resource
Evidence · table
“1.0”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 9657000Grade: 0.26Grade Unit: g/tContained Metal: 82Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 9657000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 82
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated Mineral Resource in the E Pit area contributes to the overall resource base with reasonable confidence.
Positive factors
- indicated_resource
Evidence · table
“9,657”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 11825000Grade: 0.22Grade Unit: g/tContained Metal: 82Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 11825000
- Grade
- 0.22
- Grade Unit
- g/t
- Contained Metal
- 82
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred Mineral Resource in the E Pit area adds to the project's potential but requires further geological confirmation.
Negative factors
- inferred_resource
Evidence · table
“11,825”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 6543000Grade: 0.32Grade Unit: g/tContained Metal: 66Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 6543000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 66
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated Mineral Resource in the F area contributes to the overall resource base with reasonable confidence.
Positive factors
- indicated_resource
Evidence · table
“6,543”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 1217000Grade: 0.24Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 1217000
- Grade
- 0.24
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred Mineral Resource in the F area adds to the project's potential but requires further geological confirmation.
Negative factors
- inferred_resource
Evidence · table
“1,217”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 3601000Grade: 0.33Grade Unit: g/tContained Metal: 38Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 3601000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 38
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated Mineral Resource in the J Zone contributes to the overall resource base with reasonable confidence.
Positive factors
- indicated_resource
Evidence · table
“3,601”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 12731000Grade: 0.25Grade Unit: g/tContained Metal: 104Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 12731000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 104
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred Mineral Resource in the J Zone adds to the project's potential but requires further geological confirmation.
Negative factors
- inferred_resource
Evidence · table
“12,731”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 7324000Grade: 0.51Grade Unit: g/tContained Metal: 120Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 7324000
- Grade
- 0.51
- Grade Unit
- g/t
- Contained Metal
- 120
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated Mineral Resource in the M Zone shows a higher grade, contributing positively to the overall resource quality.
Positive factors
- indicated_resource
- higher_grade
Evidence · table
“7,324”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · silverTonnes: 7324000Grade: 2.6Grade Unit: g/tContained Metal: 606Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 7324000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 606
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated silver resource in the M Zone provides additional byproduct potential, enhancing the project's value.
Positive factors
- indicated_resource
- byproduct_potential
Evidence · table
“2.6”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 5406000Grade: 0.21Grade Unit: g/tContained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 5406000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred gold resource in the M Zone adds to the project's potential but requires further geological confirmation.
Negative factors
- inferred_resource
Evidence · table
“5,406”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · silverTonnes: 5406000Grade: 1.3Grade Unit: g/tContained Metal: 217Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 5406000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 217
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred silver resource in the M Zone adds to the byproduct potential, but its speculative nature requires further work.
Positive factors
- byproduct_potential
Negative factors
- inferred_resource
Evidence · table
“1.3”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 237679000Grade: 0.26Grade Unit: g/tContained Metal: 1998Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 237679000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 1998
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The very large Indicated Mineral Resource in the Rangefront area is a major component of the overall resource, providing high confidence for development.
Positive factors
- indicated_resource
- large_tonnage
Evidence · table
“237,679”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 59787000Grade: 0.19Grade Unit: g/tContained Metal: 371Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 59787000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 371
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred gold resource in the Rangefront area adds significant potential but requires further geological confirmation.
Negative factors
- inferred_resource
Evidence · table
“59,787”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 490816000Grade: 0.3Grade Unit: g/tContained Metal: 4737Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 490816000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 4737
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated In-Situ gold resource of 4.74 million oz Au at 0.30 g/t Au represents a very substantial and high-confidence resource base for the project.
Positive factors
- indicated_resource
- large_tonnage
- qp_signed
- ni_43_101_compliant
- cut_off_disclosed
Evidence · table
“490,816”
Context: Total In-Situ
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · silverTonnes: 490816000Contained Metal: 8754Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 490816000
- Contained Metal
- 8754
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated In-Situ silver resource of 8.75 million oz Ag provides significant byproduct potential, enhancing the project's overall value.
Positive factors
- indicated_resource
- byproduct_potential
Evidence · table
“8,754”
Context: Total In-Situ
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 130691000Grade: 0.2Grade Unit: g/tContained Metal: 851Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 130691000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 851
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred In-Situ gold resource of 851 koz at 0.20 g/t Au represents substantial exploration upside, though with lower confidence.
Negative factors
- inferred_resource
Evidence · table
“130,691”
Context: Total In-Situ
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · silverTonnes: 130691000Contained Metal: 1133Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 130691000
- Contained Metal
- 1133
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred In-Situ silver resource of 1.13 million oz Ag adds to the byproduct potential, but its speculative nature requires further work.
Positive factors
- byproduct_potential
Negative factors
- inferred_resource
Evidence · table
“1,133”
Context: Total In-Situ
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 18144000Grade: 0.25Grade Unit: g/tContained Metal: 145Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 18144000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 145
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Inferred gold resource in backfill and waste dumps indicates potential for reprocessing historical material, adding to the overall resource base.
Positive factors
- potential_from_waste
Negative factors
- inferred_resource
Evidence · table
“18,144”
Context: Inferred
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 30844000Grade: 0.19Grade Unit: g/tContained Metal: 190Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 30844000
- Grade
- 0.19
- Grade Unit
- g/t
- Contained Metal
- 190
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The Indicated gold resource in the Legacy Heap Leach Facility provides potential for reprocessing, adding to the project's economic viability.
Positive factors
- indicated_resource
- potential_from_legacy_operations
Evidence · table
“30,844”
Context: Indicated
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · goldTonnes: 521660000Grade: 0.29Grade Unit: g/tContained Metal: 4927Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 521660000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 4927
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated gold resource of 4.93 million oz Au at 0.29 g/t Au represents a very substantial and high-confidence resource base for the project.
Positive factors
- indicated_resource
- large_tonnage
- qp_signed
- ni_43_101_compliant
- cut_off_disclosed
Evidence · table
“521,660”
Context: Total
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedBlack Pine · silverTonnes: 521660000Contained Metal: 8754Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- indicated
- Tonnes
- 521660000
- Contained Metal
- 8754
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Indicated silver resource of 8.75 million oz Ag provides significant byproduct potential, enhancing the project's overall value.
Positive factors
- indicated_resource
- byproduct_potential
Evidence · table
“8,754”
Context: Total
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · goldTonnes: 148835000Grade: 0.21Grade Unit: g/tContained Metal: 996Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 148835000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 996
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred gold resource of 996 koz at 0.21 g/t Au represents substantial exploration upside, though with lower confidence.
Negative factors
- inferred_resource
Evidence · table
“148,835”
Context: Total
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredBlack Pine · silverTonnes: 148835000Contained Metal: 1133Contained Unit: kozView all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- silver
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Resource Data
- Category
- inferred
- Tonnes
- 148835000
- Contained Metal
- 1133
- Contained Unit
- koz
- Cutoff Grade
- 0.1
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The total Inferred silver resource of 1.13 million oz Ag adds to the byproduct potential, but its speculative nature requires further work.
Positive factors
- byproduct_potential
Negative factors
- inferred_resource
Evidence · table
“1,133”
Context: Total
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"
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 44Black PineView all detailsHide details
Identity
- Project
- Black Pine
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The project is advancing through federal and state permitting as a FAST-41 Covered Project, indicating progress towards development.
Positive factors
- permitting_advancing
Evidence · text
“Black Pine is currently advancing through federal and state permitting as a FAST-41 Covered Project”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 45Black PineView all detailsHide details
Identity
- Project
- Black Pine
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: The U.S. Forest Service formally initiating public scoping and preparation of the Environmental Impact Statement is a key permitting milestone.
Positive factors
- permitting_milestone
Evidence · text
“The U.S. Forest Service published a Notice of Intent on April 3, 2026, formally initiating public scoping and preparation of the Environmental Impact Statement”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
column leachBlack Pine · goldRecovery: 70.2 %View all detailsHide details
Identity
- Project
- Black Pine
- Commodity
- gold
- Region
- usa_id
- Reported Region
- southern Idaho, USA
- Ticker
- LGD
Test Work
- Program Status
- detailed
- Test Type
- column leach
- Processing Route
- ROM heap leach
Recovery
- Recovery
- 70.2 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Kappes, Cassiday & Associates
- Consultant
- GL Simmons Consulting LLC
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: An average gold recovery of 70.2% for a ROM heap leach operation is strong, supported by extensive metallurgical testwork and recovery equations developed for modeled domains, indicating a technically straightforward process.
Positive factors
- high_recovery
- pilot_scale_complete
- multi_domain_tested
- free_milling
Evidence · table
“70.2%”
Context: Average Gold Recovery
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
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.