Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027
Original announcement by globenewswire on
- Company
- Magna Mining Inc.
- Ticker
- NICU
- Exchange
- Unavailable
- Region
- northeastern Ontario
- Primary commodity
- Nickel
- Secondary commodities
- Copper, Gold, Platinum, Palladium, Silver, Cobalt
- Document categories
- Other, Resource update
- Extracted
- 2026-10-21 12:40:10 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Magna Mining Inc. announced positive results from a Pre-Feasibility Study for its Crean Hill Project, outlining a 12-year mine life with robust economics, including an after-tax NPV7% of C$251.0 million and an IRR of 43.4%. The study, compliant with NI 43-101, led to the Board of Directors approving construction to commence in 2027, leveraging existing infrastructure at the brownfield site. The project is expected to produce a balanced mix of copper, nickel, and precious metals, with initial capital costs of C$127.0 million and a net initial funding requirement of C$72.4 million after tax credits and pre-commercial cash flow.
Reasoning: The Pre-Feasibility Study for the Crean Hill Project demonstrates strong economic viability, leading to a board approval for construction and a clear path to production, supported by updated resource and reserve estimates.
Positive factors
- Robust economics with high after-tax IRR of 43.4% and short payback period of 1.5 years
- Board approval for construction to commence in 2027, indicating project advancement
- Balanced production profile of multiple metals (nickel, copper, precious metals) reducing reliance on a single commodity
- Leveraging brownfield site and existing infrastructure for development
- Updated Mineral Resource and Reserve Estimates compliant with NI 43-101
Negative factors
- Productivity Mega Deduction (PMD) benefits are subject to legislative approval, introducing a minor uncertainty to the enhanced economics
Facts used in scoring: 42
Classification and evidence
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The document is a Pre-Feasibility Study (PFS) for the Crean Hill Project.
Evidence · text
“Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027”
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 PFS and resource/reserve estimates were overseen and signed off by multiple Qualified Persons (QPs) as defined by NI 43-101.
Evidence · text
“The following Qualified Persons (QPs) oversaw the completion of the work in preparation of the PFS and are responsible for the contents: Independent QP for Geology and Mineral Resource Estimates Mr. Allan Armitage, Ph.D., P.Geo., of SGS Geological Services. ... Independent QP for Underground Mining and Financial Analysis Mr. Henri Gouin, P.Eng., of SGS Geological Services. ... Independent QP for Underground Mining, Financial Analysis, Permitting and Environmental Mr. William van Breugel, P.Eng., Associate Engineer of SGS Geological Services. Independent QP for Processing and Recovery Mr. David Middleditch, B.Eng., MIMMM, President and Principal Metallurgist of Libertas Metallurgy Limited.”
Low Payback Periodpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The PFS estimates a short after-tax payback period of 1.5 years in the base case.
Evidence · table
“1.5 years”
Context: After-tax payback period
High IRRpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The PFS reports a strong after-tax Internal Rate of Return (IRR) of 43.4% in the base case.
Evidence · table
“43.4%”
Context: After-tax IRR
Construction Approvedpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The Company's Board of Directors has approved construction of the Crean Hill project to commence in 2027.
Evidence · text
“Based on the results of the PFS (summarized in Table 1), the Company’s Board of Directors has approved construction of the Crean Hill project, which will commence in 2027.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PFS and associated resource/reserve estimates were 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”)”
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The PFS is based on 11.4 million tons of probable reserves.
Evidence · text
“11.4 million tons of probable reserves”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mineral Resource Estimate includes a 'Total Indicated' category of 18,424,000 short tons.
Evidence · table
“18,424,000”
Context: Total Indicated
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Mineral Resource Estimate includes an 'Inferred' category of 884,000 short tons.
Evidence · table
“884,000”
Context: Contact Inferred
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Mineral Resources have been updated from a prior estimate in November 2024.
Evidence · text
“The current Mineral Resources have been updated from the November 1, 2024 Mineral Resources stated in the Preliminary Economic Assessment”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resource and Reserve Estimates clearly state a cut-off grade of 1.75% CuEq and 1.5% NiEq respectively.
Evidence · text
“The Crean Hill Mineral Resource Estimate is presented below in Table 6 and is based on a 1.75% CuEq cutoff grade.”
Metal Equivalent Opaquenegative · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: While metal prices and recoveries are disclosed for the cut-off grade and reserve calculations, the specific assumptions used to derive the CuEq % and NiEq % grades in the resource table are not explicitly detailed.
Evidence · text
“The MRE is reported at a base case cut-off grade of 1.75% CuEq. The underground base case cut-off grade of 1.75% CuEq considers metal prices of $7.30/lb Ni, $4.65/lb Cu, $14.85/lb Co, $1,225/oz Pt, $1,135/oz Pd and $3100/oz Au, metal recoveries of 85% for Ni, 91% for Cu,68% for Co,64% for Pt, 69.5% for Pd and70.5% for Au.”
Extracted facts
Stored fact records: 41. Some facts used in scoring do not have a stored record.
Resource Estimates (41)
indicatedCrean Hill Project · copperTonnes: 16171000Grade: 0.88Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.88
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for copper in the Contact zone provides a solid foundation for the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.88”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · nickelTonnes: 16171000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for nickel in the Contact zone provides a solid foundation for the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“1.00”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · cobaltTonnes: 16171000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for cobalt in the Contact zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.03”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · platinumTonnes: 16171000Grade: 0.93Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.93
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for platinum in the Contact zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.93”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · palladiumTonnes: 16171000Grade: 1.09Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1.09
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for palladium in the Contact zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“1.09”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · goldTonnes: 16171000Grade: 0.36Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 0.36
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for gold in the Contact zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.36”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · silverTonnes: 16171000Grade: 1.02Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Grade
- 1.02
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for silver in the Contact zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“1.02”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · copperTonnes: 16171000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.96
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for copper equivalent in the Contact zone provides a comprehensive view of the project's value, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Evidence · table
“2.96”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · nickelTonnes: 16171000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:60b63e640927a9ad3073
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 16171000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 1.88
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for nickel equivalent in the Contact zone provides a comprehensive view of the project's value, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Evidence · table
“1.88”
Context: 16,171,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · copperTonnes: 548000Grade: 0.74Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.74
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for copper in the Footwall zone provides a solid foundation for the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.74”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · nickelTonnes: 548000Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.41
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for nickel in the Footwall zone provides a solid foundation for the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.41”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · cobaltTonnes: 548000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for cobalt in the Footwall zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“0.01”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · platinumTonnes: 548000Grade: 3.18Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 3.18
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for platinum in the Footwall zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“3.18”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · palladiumTonnes: 548000Grade: 2.59Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 2.59
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for palladium in the Footwall zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“2.59”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · goldTonnes: 548000Grade: 1.38Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 1.38
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for gold in the Footwall zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“1.38”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · silverTonnes: 548000Grade: 4.25Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Grade
- 4.25
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for silver in the Footwall zone contributes to the polymetallic nature of the project, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Evidence · table
“4.25”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · copperTonnes: 548000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 3.62
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for copper equivalent in the Footwall zone provides a comprehensive view of the project's value, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Evidence · table
“3.62”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
indicatedCrean Hill Project · nickelTonnes: 548000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:ee86657116bc46cb1738
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 548000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.31
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Indicated resource for nickel equivalent in the Footwall zone provides a comprehensive view of the project's value, with transparent reporting standards.
Positive factors
- Indicated category provides high confidence for economic studies
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Evidence · table
“2.31”
Context: 548,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · copperTonnes: 802000Grade: 0.59Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.59
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for copper in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.59”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · nickelTonnes: 802000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for nickel in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.70”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · cobaltTonnes: 802000Grade: 0.03Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.03
- Grade Unit
- %
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for cobalt in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.03”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · platinumTonnes: 802000Grade: 1.03Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 1.03
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for platinum in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.03”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · palladiumTonnes: 802000Grade: 1.74Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 1.74
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for palladium in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.74”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · goldTonnes: 802000Grade: 0.33Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.33
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for gold in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.33”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · silverTonnes: 802000Grade: 0.29Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Grade
- 0.29
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for silver in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“0.29”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · copperTonnes: 802000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 2.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for copper equivalent in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“2.33”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
inferredCrean Hill Project · nickelTonnes: 802000View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Allan Armitage
- Resource group id
- resource:056e38ab4f7e74928390
- Deposit or zone
- Contact Inferred
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 802000
- Cutoff Grade
- 1.75
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-04-15
Metal Equivalent
- Metal Eq. Grade
- 1.48
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Inferred resource for nickel equivalent in the Contact Inferred zone, while compliant, carries lower confidence due to its category.
Positive factors
- NI 43-101 and CIM compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal equivalent assumptions disclosed in the document
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone
Evidence · table
“1.48”
Context: 802,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · copperTonnes: 9920065Grade: 0.62Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.62
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for copper in the Contact zone provides high confidence for project development, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.62”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · nickelTonnes: 9920065Grade: 0.68Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.68
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for nickel in the Contact zone provides high confidence for project development, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.68”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · cobaltTonnes: 9920065Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for cobalt in the Contact zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.02”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · platinumTonnes: 9920065Grade: 0.92Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.92
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for platinum in the Contact zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.92”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · palladiumTonnes: 9920065Grade: 1.08Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 1.08
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for palladium in the Contact zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“1.08”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · goldTonnes: 9920065Grade: 0.38Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 0.38
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for gold in the Contact zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.38”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · silverTonnes: 9920065Grade: 1Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:f4d9db3e28179188d201
- Deposit or zone
- Contact
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 9920065
- Grade
- 1
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for silver in the Contact zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“1.00”
Context: 9,920,065
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · copperTonnes: 384520Grade: 0.55Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- copper
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.55
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for copper in the Footwall zone provides high confidence for project development, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.55”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · nickelTonnes: 384520Grade: 0.31Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- nickel
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.31
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for nickel in the Footwall zone provides high confidence for project development, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.31”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · cobaltTonnes: 384520Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- cobalt
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for cobalt in the Footwall zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“0.01”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · platinumTonnes: 384520Grade: 2.35Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- platinum
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 2.35
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for platinum in the Footwall zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“2.35”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · palladiumTonnes: 384520Grade: 2.15Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- palladium
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 2.15
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for palladium in the Footwall zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“2.15”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · goldTonnes: 384520Grade: 1.04Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- gold
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 1.04
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for gold in the Footwall zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“1.04”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
probableCrean Hill Project · silverTonnes: 384520Grade: 3.2Grade Unit: g/tonneView all detailsHide details
Identity
- Project
- Crean Hill Project
- Commodity
- silver
- Region
- canada_on
- Reported Region
- northeastern Ontario
- Ticker
- NICU
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-04-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Henri Gouin, William van Breugel
- Resource group id
- resource:d086c0fb6d3575e0532c
- Deposit or zone
- Footwall
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 384520
- Grade
- 3.2
- Grade Unit
- g/tonne
- Cutoff Grade
- 1.5
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-09-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Probable Reserve for silver in the Footwall zone contributes to the project's economic viability, supported by transparent reporting and economic parameters.
Positive factors
- Probable Reserve category indicates demonstrated economic viability
- NI 43-101 compliant estimate with QP sign-off
- Cut-off grade disclosed for transparency
- Metal prices and recoveries for reserve calculation are disclosed
Evidence · table
“3.20”
Context: 384,520
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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
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.