# LODE GOLD'S NEW MINERAL RESOURCE ESTIMATE: 1.11 MOZ OF GOLD - 18.8 MT AT 1.84 G/T AU \(MEASURED & INDICATED\) AND 1.99 MOZ OF GOLD \(INFERRED\) - 33.1 MT AT 1.86 G/T AU AT FREMONT GOLD MINE Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lode-gold-s-new-mineral-resource-estimate-1-11-moz-of-gold-18-8-mt-at-1-84-g-t-a--bc4b9fd3-ad2a-4120-addb-4d9f3250d5fe Original source: https://money.tmx.com/en/quote/LOD/news/7234582499773883/lode-gold-s-new-mineral-resource-estimate-1-11-moz-of-gold-18-8-mt-at-1-84-g-t-a Publisher: tmx Original announcement: 2026-05-14T17:24:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Lode Gold Resources Inc - Ticker: LOD - Exchange: TSX - Region: California - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update - Extracted: 2026-08-24 05:38:49 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Lode Gold has announced a new Mineral Resource Estimate for the Fremont Gold Mine, reporting 1.11 Moz of gold in the Measured & Indicated category and 1.99 Moz in the Inferred category. The update reflects a strategic shift toward bulk underground mining and utilizes a lower 1 g/t Au cut-off grade compared to the previous 3 g/t estimate. Reasoning: The update represents a major expansion of the M&I resource \(from 133koz to 1.11Moz\) driven by a change in mining philosophy \(vein to bulk underground\) and a lower cut-off grade, significantly de-risking the project. - Positive factor: Significant M&I tonnage and metal growth vs 2025 MRE - Positive factor: Strategic pivot to bulk underground mining increases scale - Positive factor: Integration of 7,000 new samples improves geological confidence - Positive factor: NI 43-101 compliant with QP sign-off - Negative factor: Cut-off grade lowered from 3 g/t to 1 g/t to achieve growth - Negative factor: Silver credits not yet included in the model Facts used in scoring: 2 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Company states it has upgraded resources into the Measured & Indicated category through stricter RPEEE parameters. Evidence · text > upgrading resources into the Measured & Indicated \("M&I"\) category **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The MRE was prepared in compliance with NI 43-101 requirements. Evidence · text > prepared in compliance with National Instrument 43-101 \("NI 43-101"\) requirements **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: César Cerdán, MSc, MAIG, is named as the independent Qualified Person. Evidence · text > reviewed and approved by César Cerdán, MAIG, who is a Qualified Person \("QP"\) **Cut-off Lowered** Polarity: negative Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation. Why it applies: The cut-off grade was reduced from 3 g/t in the 2025 MRE to 1 g/t in the current update. Evidence · text > In the previous 2025 MRE... a 3 g/t cutoff was used... At current gold prices... use 1 g/t cutoff ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lode-gold-s-new-mineral-resource-estimate-1-11-moz-of-gold-18-8-mt-at-1-84-g-t-a--bc4b9fd3-ad2a-4120-addb-4d9f3250d5fe#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: LOD #### Resource Data - Category: indicated - Tonnes: 18776346 - Grade: 1.84 - Grade Unit: g/t - Contained Metal: 1110444 - Contained Unit: oz - Cutoff Grade: 1 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: Indicated resource shows strong scale and improved confidence through new data integration. - Positive factor: Significant tonnage increase vs previous 3 g/t cutoff model - Negative factor: Lower cut-off grade used Evidence · table > 1.84 Context: 18,776 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lode-gold-s-new-mineral-resource-estimate-1-11-moz-of-gold-18-8-mt-at-1-84-g-t-a--bc4b9fd3-ad2a-4120-addb-4d9f3250d5fe#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: LOD #### Resource Data - Category: inferred - Tonnes: 33106965 - Grade: 1.86 - Grade Unit: g/t - Contained Metal: 1978568 - Contained Unit: oz - Cutoff Grade: 1 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-14T00:00:00.000Z Reasoning: Large inferred component provides significant upside but remains speculative. - Positive factor: Large scale inferred resource - Negative factor: Inferred category is speculative Evidence · table > 1.86 Context: 33,107 ## 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.