# NNL: Kopsa Resource Jumps to 1.52Moz AuEq

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150933

Publisher: asx

Original announcement: 2026-10-11T21:24:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-11T22:32:01.117Z

Atlas analysis updated: 2026-10-11T22:32:01.117Z

- Company: Nordic Resources Ltd

- Ticker: NNL

- Exchange: ASX

- Region: Central Finland

- Primary commodity: Gold

- Secondary commodities: Copper, Silver

- Document categories: Resource update

- Extracted: 2026-10-11 22:32:01 UTC

Narrative sentiment: 1.00 · Bullish

## Minestarters Atlas summary

Nordic Resources Ltd announced an interim Mineral Resource Estimate update for its Kopsa gold-copper-silver deposit in Central Finland, increasing the pit-constrained JORC \(2012\) compliant resource by 86% to 1.52 Moz AuEq. The updated estimate incorporates 9,631m of new drilling and reports 86% of the total AuEq ounces in the higher-confidence Measured and Indicated categories. The company's total district resources now stand at 1.93 Moz AuEq, with a mining license conditionally granted for Kopsa.

Reasoning: The Kopsa MRE increased by 86% to 1.52 Moz AuEq, with 86% of ounces in Measured and Indicated categories, indicating significant growth and de-risking for the project.

- Positive factor: Tonnage Growth

- Positive factor: Contained Metal Growth

- Positive factor: Category Upgrade

- Positive factor: QP/CP Signed

- Positive factor: JORC Compliant

- Positive factor: Pit-Constrained

- Positive factor: Low Strip Ratio

- Positive factor: High M&I Percentage

- Positive factor: Metal Equivalent Assumptions Disclosed

- Positive factor: No Deleterious Elements

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 28

## Classification and evidence

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The Kopsa MRE increased by 86% in tonnage.

Evidence · text

> Kopsa MRE increasing by 86%

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Kopsa MRE increased to 1.52 Moz AuEq, representing significant contained metal growth.

Evidence · text

> 1.52Moz AuEq

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: 86% of the total AuEq ounces report to Measured and Indicated resource categories, indicating high confidence.

Evidence · text

> 86% of the total AuEq ounces report to Measured and Indicated resource categories.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The announcement includes Competent Persons’ Statements by Dr Hannu Makkonen and Mr Chris Martin.

Evidence · text

> Competent Persons’ Statements

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource estimate is stated as JORC \(2012\) compliant.

Evidence · text

> JORC \(2012\) compliant resource

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource includes a Measured category of 14.15 Mt.

Evidence · table

> Measured Resources

Context: 14.15

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource includes an Indicated category of 23.09 Mt.

Evidence · table

> Indicated Resources

Context: 23.09

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document is an 'INTERIM MRE LIFTS KOPSA' announcement, indicating an update to an existing resource.

Evidence · text

> INTERIM MRE LIFTS KOPSA

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The company states that Kopsa is expected to advance to a Scoping Study.

Evidence · text

> Kopsa is expected to advance to a Scoping Study

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource is reported using a cutoff grade of 0.4g/t AuEq.

Evidence · text

> using a cutoff grade of 0.4g/t AuEq

## Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

## Resource Estimates (28)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-0)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:013d742c6203148ce188

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Contained Metal: 0.51
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.13
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Measured resource of 14.15 Mt at 1.13 g/t AuEq contributes to high confidence in the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 1.13

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-1)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:013d742c6203148ce188

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Grade: 0.15
- Grade Unit: %
- Contained Metal: 22
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Measured resource of 14.15 Mt at 0.15% Cu contributes to high confidence in the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 0.15

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-2)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:013d742c6203148ce188

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Grade: 2.34
- Grade Unit: g/t
- Contained Metal: 1.06
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Measured resource of 14.15 Mt at 2.34 g/t Ag contributes to high confidence in the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 2.34

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-3)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:850ee36e643da7f726de

#### Resource Data

- Category: indicated
- Tonnes: 23090000
- Grade: 0.61
- Grade Unit: moz
- Contained Metal: 0.79
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.06
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Indicated resource of 23.09 Mt at 1.06 g/t AuEq contributes significantly to the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 0.61

Context: 23.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-4)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:850ee36e643da7f726de

#### Resource Data

- Category: indicated
- Tonnes: 23090000
- Grade: 0.16
- Grade Unit: %
- Contained Metal: 37
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.06
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Indicated resource of 23.09 Mt at 0.16% Cu contributes significantly to the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 0.16

Context: 23.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-5)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:850ee36e643da7f726de

#### Resource Data

- Category: indicated
- Tonnes: 23090000
- Grade: 1.79
- Grade Unit: moz
- Contained Metal: 1.79
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.06
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Indicated resource of 23.09 Mt at 2.41 g/t Ag contributes significantly to the updated estimate.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Resource

Evidence · table

> 1.79

Context: 23.09

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-6)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f969540ebedbe3967db

#### Resource Data

- Category: inferred
- Tonnes: 6790000
- Grade: 0.16
- Grade Unit: moz
- Contained Metal: 0.22
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.01
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Inferred resource of 6.79 Mt at 1.01 g/t AuEq adds to the overall resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 0.16

Context: 6.79

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-7)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f969540ebedbe3967db

#### Resource Data

- Category: inferred
- Tonnes: 6790000
- Grade: 0.19
- Grade Unit: %
- Contained Metal: 13
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12
- Prior Tonnes: 6750000
- Prior Grade: 0.19
- Prior Contained Metal: 13

#### Metal Equivalent

- Metal Eq. Grade: 1.01
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Inferred resource of 6.79 Mt at 0.19% Cu, consistent with prior estimates, adds to the overall resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 0.19

Context: 6.79

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**Dilutive Growth**

Polarity: negative

Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.

Why it applies: tonnage rose while contained metal went 13 from 13

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-8)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f969540ebedbe3967db

#### Resource Data

- Category: inferred
- Tonnes: 6790000
- Grade: 0.65
- Grade Unit: moz
- Contained Metal: 0.65
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.01
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Inferred resource of 6.79 Mt at 2.96 g/t Ag adds to the overall resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 0.65

Context: 6.79

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-9)

Kopsa · gold

#### Identity

- Project: Kopsa
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:77141e0fe7f5d2b26b88

#### Resource Data

- Tonnes: 44030000
- Contained Metal: 1.52
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.07
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Total Kopsa resource of 44.03 Mt at 1.07 g/t AuEq represents significant growth and high confidence.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 1.07

Context: 44.03

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 11

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-10)

Kopsa · copper

#### Identity

- Project: Kopsa
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:77141e0fe7f5d2b26b88

#### Resource Data

- Tonnes: 44030000
- Grade: 0.16
- Grade Unit: %
- Contained Metal: 71
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Total Kopsa resource of 44.03 Mt at 0.16% Cu represents significant growth and high confidence.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 0.16

Context: 44.03

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 12

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-11)

Kopsa · silver

#### Identity

- Project: Kopsa
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:77141e0fe7f5d2b26b88

#### Resource Data

- Tonnes: 44030000
- Grade: 2.47
- Grade Unit: g/t
- Contained Metal: 3.5
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Total Kopsa resource of 44.03 Mt at 2.47 g/t Ag represents significant growth and high confidence.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 2.47

Context: 44.03

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-12)

Angesneva · gold

#### Identity

- Project: Angesneva
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:102947c5318db6273827

#### Resource Data

- Category: indicated
- Tonnes: 3850000
- Contained Metal: 0.15
- Contained Unit: moz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.19
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Angesneva Indicated resource of 3.85 Mt at 1.19 g/t AuEq contributes to the overall district resource inventory.

- Positive factor: Contribution to District Resource

Evidence · table

> 1.19

Context: 3.85

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-13)

Hirsikangas · gold

#### Identity

- Project: Hirsikangas
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:fc631793ccf737c70e3e

#### Resource Data

- Category: indicated
- Tonnes: 2690000
- Contained Metal: 0.1
- Contained Unit: moz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.17
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Hirsikangas Indicated resource of 2.69 Mt at 1.17 g/t AuEq contributes to the overall district resource inventory.

- Positive factor: Contribution to District Resource

Evidence · table

> 1.17

Context: 2.69

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-14)

Hirsikangas · gold

#### Identity

- Project: Hirsikangas
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:e1e1fa8a867a46567b22

#### Resource Data

- Category: inferred
- Tonnes: 4600000
- Contained Metal: 0.16
- Contained Unit: moz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.1
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Hirsikangas Inferred resource of 4.60 Mt at 1.10 g/t AuEq contributes to the overall district resource inventory.

- Positive factor: Contribution to District Resource

Evidence · table

> 1.10

Context: 4.60

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-15)

Hirsikangas · gold

#### Identity

- Project: Hirsikangas
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:f9ea826d5d07db7cfd79

#### Resource Data

- Tonnes: 7290000
- Contained Metal: 0.26
- Contained Unit: moz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.13
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Total Hirsikangas resource of 7.29 Mt at 1.13 g/t AuEq contributes to the overall district resource inventory.

- Positive factor: Contribution to District Resource

Evidence · table

> 1.13

Context: 7.29

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-16)

MOGB Gold Projects · gold

#### Identity

- Project: MOGB Gold Projects
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f7800124f51fba7777f

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Contained Metal: 0.51
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.13
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Measured resource of 14.15 Mt at 1.13 g/t AuEq provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 1.13

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-17)

MOGB Gold Projects · copper

#### Identity

- Project: MOGB Gold Projects
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f7800124f51fba7777f

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Grade: 0.15
- Grade Unit: %
- Contained Metal: 22
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Measured resource of 14.15 Mt at 0.15% Cu provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 0.15

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-18)

MOGB Gold Projects · silver

#### Identity

- Project: MOGB Gold Projects
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:9f7800124f51fba7777f

#### Resource Data

- Category: measured
- Tonnes: 14150000
- Grade: 2.34
- Grade Unit: g/t
- Contained Metal: 1.06
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Measured resource of 14.15 Mt at 2.34 g/t Ag provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 2.34

Context: 14.15

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-19)

MOGB Gold Projects · gold

#### Identity

- Project: MOGB Gold Projects
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:5aed134e98f0f01bad5f

#### Resource Data

- Category: indicated
- Tonnes: 29600000
- Contained Metal: 1.03
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Indicated resource of 29.60 Mt at 1.09 g/t AuEq provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 1.09

Context: 29.60

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-20)

MOGB Gold Projects · copper

#### Identity

- Project: MOGB Gold Projects
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:5aed134e98f0f01bad5f

#### Resource Data

- Category: indicated
- Tonnes: 29600000
- Grade: 0.12
- Grade Unit: %
- Contained Metal: 37
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Indicated resource of 29.60 Mt at 0.12% Cu provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 0.12

Context: 29.60

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-21)

MOGB Gold Projects · silver

#### Identity

- Project: MOGB Gold Projects
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:5aed134e98f0f01bad5f

#### Resource Data

- Category: indicated
- Tonnes: 29600000
- Grade: 1.88
- Grade Unit: g/t
- Contained Metal: 1.79
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Indicated resource of 29.60 Mt at 1.88 g/t Ag provides high confidence for the overall district resource.

- Positive factor: High Confidence Category

- Positive factor: Significant Contribution to Overall Resource

Evidence · table

> 1.88

Context: 29.60

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-22)

MOGB Gold Projects · gold

#### Identity

- Project: MOGB Gold Projects
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b6e65fdfb730f6eb411c

#### Resource Data

- Category: inferred
- Tonnes: 11400000
- Contained Metal: 0.38
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.05
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Inferred resource of 11.40 Mt at 1.05 g/t AuEq adds to the overall district resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 1.05

Context: 11.40

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-23)

MOGB Gold Projects · copper

#### Identity

- Project: MOGB Gold Projects
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b6e65fdfb730f6eb411c

#### Resource Data

- Category: inferred
- Tonnes: 11400000
- Grade: 0.11
- Grade Unit: %
- Contained Metal: 13
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Inferred resource of 11.40 Mt at 0.11% Cu adds to the overall district resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 0.11

Context: 11.40

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-24)

MOGB Gold Projects · silver

#### Identity

- Project: MOGB Gold Projects
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b6e65fdfb730f6eb411c

#### Resource Data

- Category: inferred
- Tonnes: 11400000
- Grade: 1.77
- Grade Unit: g/t
- Contained Metal: 0.65
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined Inferred resource of 11.40 Mt at 1.77 g/t Ag adds to the overall district resource base.

- Positive factor: Contribution to Overall Resource

Evidence · table

> 1.77

Context: 11.40

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 26

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-25)

MOGB Gold Projects · gold

#### Identity

- Project: MOGB Gold Projects
- Commodity: gold
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b147f1a8bcd2fc74633e

#### Resource Data

- Tonnes: 55200000
- Contained Metal: 1.93
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Metal Eq. Grade: 1.09
- Metal Eq. Unit: g/t AuEq
- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined total resource of 55.2 Mt at 1.09 g/t AuEq represents significant growth and high confidence for the district.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 1.09

Context: 55.2

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 27

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-26)

MOGB Gold Projects · copper

#### Identity

- Project: MOGB Gold Projects
- Commodity: copper
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b147f1a8bcd2fc74633e

#### Resource Data

- Tonnes: 55200000
- Grade: 0.13
- Grade Unit: %
- Contained Metal: 71
- Contained Unit: kt
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined total resource of 55.2 Mt at 0.13% Cu represents significant growth and high confidence for the district.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 0.13

Context: 55.2

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### Fact 28

[Link to this fact](https://atlas-staging.minestarters.com/news/nnl-kopsa-resource-jumps-to-1-52moz-aueq--e0a874e1-d5d9-43d4-9d05-ad2c7c3746cd#fact-resource-facts-27)

MOGB Gold Projects · silver

#### Identity

- Project: MOGB Gold Projects
- Commodity: silver
- Region: finland
- Reported Region: Central Finland
- Ticker: NNL

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Dr Hannu Makkonen, Mr Chris Martin
- Resource group id: resource:b147f1a8bcd2fc74633e

#### Resource Data

- Tonnes: 55200000
- Grade: 1.97
- Grade Unit: g/t
- Contained Metal: 3.5
- Contained Unit: moz
- Cutoff Grade: 0.4
- Cutoff Unit: g/t AuEq

#### Prior Estimate

- Resource Date: 2026-10-12

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Lab

- Laboratory: Eurofins Mineral Testing, Eurofins Ahma Oy, ALS Geochemistry, ALS Hub laboratory

#### Location

- CRS: ETRS-TM35FIN
- EPSG: 3067
- Loc. Confidence: high

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-11T00:00:00.000Z

Reasoning: Combined total resource of 55.2 Mt at 1.97 g/t Ag represents significant growth and high confidence for the district.

- Positive factor: Significant Tonnage Growth

- Positive factor: High Confidence Categories

Evidence · table

> 1.97

Context: 55.2

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

## 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.