NPM: Annual Report to shareholders

Original announcement by asx on

Company
NewPeak Metals Limited
Ticker
NPM
Exchange
ASX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
Zinc, Silver, Lead, Uranium, Rare earth elements, Scandium
Document categories
Drill results, Other
Extracted
2026-09-30 02:13:40 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

NewPeak Metals Limited reported a profit of $4.36 million for the year ended June 30, 2026, a significant improvement from the previous year's loss. The company announced new drill results from its Las Opeñas Gold Project in Argentina, including very long polymetallic intercepts of gold, zinc, and silver, and successful drilling at the Tansey Gold Project in Queensland. However, the auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern due to ongoing funding requirements and liquidity challenges.

Reasoning: While the company reported a profit and new polymetallic drill results at Las Opeñas show significant intercept lengths and improved zinc/silver grades, the material uncertainty regarding going concern and the decline in share price temper the overall positive outlook. The divestment considerations for multiple projects also suggest financial constraints or a narrowing strategic focus.

Positive factors

  • Company reported a profit for the year, reversing previous losses.
  • New drill results at Las Opeñas indicate a large-scale polymetallic system with very long intercepts, particularly strong for zinc and silver compared to prior results.
  • Successful drilling at Tansey extended historic gold mineralization.

Negative factors

  • Auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern.
  • Individual gold grades at Las Opeñas are generally low, and metal equivalent assumptions are not fully disclosed.
  • Company is considering divestment options for several projects (Tansey, Cachi, Treuer Range, George River), indicating a potential lack of funding or strategic shift away from these assets.
  • Share price declined significantly during the financial year.

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

Facts used in scoring: 37

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The document states that reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, implying QA/QC procedures and QP/CP sign-off.

Evidence · text

“The reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.”

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: The metal equivalent grades (AuEq) are reported with the constituent metals and their grades, but without disclosing the price, recovery, or payability assumptions used in the calculation.

Evidence · text

“0.42g/t AuEq (incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb)”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: All reported drill intercepts are given as downhole lengths without any mention of true width or drill orientation, meaning the apparent width may overstate the true thickness.

Evidence · text

“All 663m @ 0.42g/t AuEq”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The Las Opeñas drill results include very long intercepts (e.g., 663m, 657m) from surface, indicating a large-scale polymetallic system, which is exceptional for exploration-stage drilling.

Evidence · text

“discovery of a large-scale gold-zinc-silver system from surface, with polymetallic mineralisation extending through the entirety of two >650m holes.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The Las Opeñas results define a 'clear vector for the next phase of drilling' and indicate a 'large-scale' system, suggesting extension beyond previously known limits.

Evidence · text

“gold grades are increasing westwards across the recently drilled area, defining a clear vector for the next phase of drilling.”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Drilling at Tansey focused on 'targeting extension of historic mineralisation adjacent to and beneath the South Burnett Mine', which is characteristic of infill drilling to define known mineralization.

Evidence · text

“Drilling focused on an area immediately surrounding this mine, which produced gold between 1934-1942 from an underground mine over 80m deep. Historically, gold mineralisation was reported as present in quartz and quartz-calcite veins in graphitic mudstone adjacent to and within andesitic dyke rock.”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The Cachi Gold Project results are explicitly referenced as 'NewPeak’s maiden drill results included 27.25m @ 0.81g/t gold and 67.1g/t silver from 25.25m. Refer to NewPeak ASX Announcement dated 14 May 2021 for source data.', indicating a re-release of historical data.

Evidence · text

“NewPeak’s maiden drill results included 27.25m @ 0.81g/t gold and 67.1g/t silver from 25.25m. Refer to NewPeak ASX Announcement dated 14 May 2021 for source data.”

Extracted facts

Stored fact records: 37. Some facts used in scoring do not have a stored record.

Drill Results (37)

26-LODH-023Las Opeñas · goldGrade: 0.16Grade Unit: g/tIntercept: 663 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.16
Grade Unit
g/t
Intercept
663 m
From
0 m
To
663 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-663
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept length is exceptional, suggesting a large system, but the gold grade is low. The polymetallic nature is a key positive, but the lack of full AuEq assumptions and true width disclosure are minor negatives.

Positive factors

  • Very long intercept length (663m) from surface, indicating broad mineralization.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.16 g/t) is weak for an epithermal deposit.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 663m @ 0.42g/t AuEq (incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · zincGrade: 0.65Grade Unit: %Intercept: 663 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.65
Grade Unit
%
Intercept
663 m
From
0 m
To
663 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-663
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and improved zinc grade compared to prior results are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (663m) from surface, indicating broad mineralization.
  • Zinc grade (0.65%) is higher than the prior average (0.51%) and best grade (0.51%) for the project, and the GT product is significantly higher.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 663m @ 0.42g/t AuEq (incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · silverGrade: 4.53Grade Unit: g/tIntercept: 663 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
4.53
Grade Unit
g/t
Intercept
663 m
From
0 m
To
663 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-663
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and improved silver grade compared to prior results are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (663m) from surface, indicating broad mineralization.
  • Silver grade (4.53 g/t) is higher than the prior average (3.14 g/t) and best grade (3.14 g/t) for the project, and the GT product is significantly higher.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 663m @ 0.42g/t AuEq (incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · leadGrade: 0.1Grade Unit: %Intercept: 663 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.1
Grade Unit
%
Intercept
663 m
From
0 m
To
663 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-663
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.42
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length is positive, but the lead grade is low and below prior results. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (663m) from surface, indicating broad mineralization.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Lead grade (0.10%) is lower than the prior average (0.14%) and best grade (0.14%) for the project.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 663m @ 0.42g/t AuEq (incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · goldGrade: 0.34Grade Unit: g/tIntercept: 283 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.34
Grade Unit
g/t
Intercept
283 m
From
7 m
To
290 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:7-290
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and higher AuEq grade are positive, but the gold grade itself is weak and below prior best. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (283m) with a higher gold equivalent grade (0.67 g/t AuEq).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.34 g/t) is weak for an epithermal deposit and below the prior best grade (0.67 g/t).
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“283m @ 0.67g/t AuEq (incl. 0.34g/t Au, 0.84% Zn, 5.02g/t Ag & 0.14% Pb) from 7m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · zincGrade: 0.84Grade Unit: %Intercept: 283 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.84
Grade Unit
%
Intercept
283 m
From
7 m
To
290 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:7-290
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong zinc grade, significantly exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (283m) with a strong zinc grade (0.84%), significantly higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“283m @ 0.67g/t AuEq (incl. 0.34g/t Au, 0.84% Zn, 5.02g/t Ag & 0.14% Pb) from 7m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · silverGrade: 5.02Grade Unit: g/tIntercept: 283 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
5.02
Grade Unit
g/t
Intercept
283 m
From
7 m
To
290 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:7-290
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong silver grade, significantly exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (283m) with a strong silver grade (5.02 g/t), significantly higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“283m @ 0.67g/t AuEq (incl. 0.34g/t Au, 0.84% Zn, 5.02g/t Ag & 0.14% Pb) from 7m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · leadGrade: 0.14Grade Unit: %Intercept: 283 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.14
Grade Unit
%
Intercept
283 m
From
7 m
To
290 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:7-290
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and lead grade matching prior results are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (283m).
  • Lead grade (0.14%) matches the prior average and best grade for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“283m @ 0.67g/t AuEq (incl. 0.34g/t Au, 0.84% Zn, 5.02g/t Ag & 0.14% Pb) from 7m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · goldGrade: 0.23Grade Unit: g/tIntercept: 465 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.23
Grade Unit
g/t
Intercept
465 m
From
0 m
To
465 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-465
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept length is exceptional, suggesting a large system, but the gold grade is low. The polymetallic nature is a key positive, but the lack of full AuEq assumptions and true width disclosure are minor negatives.

Positive factors

  • Very long intercept length (465m) from surface, indicating broad mineralization.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.23 g/t) is weak for an epithermal deposit.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“465m @ 0.50g/t AuEq (incl. 0.23g/t Au, 0.70% Zn, 4.17g/t Ag & 0.11% Pb) from surface.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · zincGrade: 0.7Grade Unit: %Intercept: 465 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.7
Grade Unit
%
Intercept
465 m
From
0 m
To
465 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-465
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and improved zinc grade compared to prior results are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (465m) from surface, indicating broad mineralization.
  • Zinc grade (0.70%) is higher than the prior average (0.51%) and best grade (0.51%) for the project, and the GT product is significantly higher.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“465m @ 0.50g/t AuEq (incl. 0.23g/t Au, 0.70% Zn, 4.17g/t Ag & 0.11% Pb) from surface.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · silverGrade: 4.17Grade Unit: g/tIntercept: 465 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
4.17
Grade Unit
g/t
Intercept
465 m
From
0 m
To
465 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-465
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and improved silver grade compared to prior results are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (465m) from surface, indicating broad mineralization.
  • Silver grade (4.17 g/t) is higher than the prior average (3.14 g/t) and best grade (3.14 g/t) for the project, and the GT product is significantly higher.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“465m @ 0.50g/t AuEq (incl. 0.23g/t Au, 0.70% Zn, 4.17g/t Ag & 0.11% Pb) from surface.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-023Las Opeñas · leadGrade: 0.11Grade Unit: %Intercept: 465 mView all details
Link to this fact

Identity

Hole ID
26-LODH-023
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.11
Grade Unit
%
Intercept
465 m
From
0 m
To
465 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-023:0-465
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length is positive, but the lead grade is low and below prior results. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (465m) from surface, indicating broad mineralization.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Lead grade (0.11%) is lower than the prior average (0.14%) and best grade (0.14%) for the project.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“465m @ 0.50g/t AuEq (incl. 0.23g/t Au, 0.70% Zn, 4.17g/t Ag & 0.11% Pb) from surface.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · goldGrade: 0.1Grade Unit: g/tIntercept: 657 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
657 m
From
0 m
To
657 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:0-657
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept length is exceptional, suggesting a large system, but the gold grade is very low. The polymetallic nature is a key positive, but the lack of full AuEq assumptions and true width disclosure are minor negatives.

Positive factors

  • Very long intercept length (657m) from surface, indicating broad mineralization.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.10 g/t) is weak for an epithermal deposit and below the prior average (0.448 g/t).
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 657m @ 0.30g/t AuEq (incl. 0.10g/t Au, 0.51% Zn, 3.14g/t Ag and 0.14% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · zincGrade: 0.51Grade Unit: %Intercept: 657 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.51
Grade Unit
%
Intercept
657 m
From
0 m
To
657 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:0-657
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and consistent zinc grade are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (657m) from surface, indicating broad mineralization.
  • Zinc grade (0.51%) matches the prior average and best grade for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 657m @ 0.30g/t AuEq (incl. 0.10g/t Au, 0.51% Zn, 3.14g/t Ag and 0.14% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · silverGrade: 3.14Grade Unit: g/tIntercept: 657 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
3.14
Grade Unit
g/t
Intercept
657 m
From
0 m
To
657 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:0-657
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and consistent silver grade are positive, suggesting a significant polymetallic system. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (657m) from surface, indicating broad mineralization.
  • Silver grade (3.14 g/t) matches the prior average and best grade for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 657m @ 0.30g/t AuEq (incl. 0.10g/t Au, 0.51% Zn, 3.14g/t Ag and 0.14% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · leadGrade: 0.14Grade Unit: %Intercept: 657 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.14
Grade Unit
%
Intercept
657 m
From
0 m
To
657 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:0-657
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The exceptional intercept length and consistent lead grade are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Very long intercept length (657m) from surface, indicating broad mineralization.
  • Lead grade (0.14%) matches the prior average and best grade for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“All 657m @ 0.30g/t AuEq (incl. 0.10g/t Au, 0.51% Zn, 3.14g/t Ag and 0.14% Pb) from surface”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · goldGrade: 0.32Grade Unit: g/tIntercept: 117 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.32
Grade Unit
g/t
Intercept
117 m
From
77 m
To
194 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-194
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and higher AuEq grade are positive, but the gold grade itself is weak and below prior best. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (117m) with a higher gold equivalent grade (0.60 g/t AuEq).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.32 g/t) is weak for an epithermal deposit and below the prior best grade (0.67 g/t).
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“117m @ 0.60g/t AuEq (incl. 0.32g/t Au, 0.66% Zn, 3.46g/t Ag & 0.16% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · zincGrade: 0.66Grade Unit: %Intercept: 117 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.66
Grade Unit
%
Intercept
117 m
From
77 m
To
194 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-194
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong zinc grade, exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (117m) with a strong zinc grade (0.66%), higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“117m @ 0.60g/t AuEq (incl. 0.32g/t Au, 0.66% Zn, 3.46g/t Ag & 0.16% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · silverGrade: 3.46Grade Unit: g/tIntercept: 117 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
3.46
Grade Unit
g/t
Intercept
117 m
From
77 m
To
194 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-194
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong silver grade, exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (117m) with a strong silver grade (3.46 g/t), higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“117m @ 0.60g/t AuEq (incl. 0.32g/t Au, 0.66% Zn, 3.46g/t Ag & 0.16% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · leadGrade: 0.16Grade Unit: %Intercept: 117 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.16
Grade Unit
%
Intercept
117 m
From
77 m
To
194 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-194
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and improved lead grade are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (117m).
  • Lead grade (0.16%) is higher than the prior average and best grade (0.14%) for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“117m @ 0.60g/t AuEq (incl. 0.32g/t Au, 0.66% Zn, 3.46g/t Ag & 0.16% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · goldGrade: 0.25Grade Unit: g/tIntercept: 202 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.25
Grade Unit
g/t
Intercept
202 m
From
77 m
To
279 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-279
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and higher AuEq grade are positive, but the gold grade itself is weak and below prior best. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (202m) with a higher gold equivalent grade (0.50 g/t AuEq).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.25 g/t) is weak for an epithermal deposit and below the prior best grade (0.67 g/t).
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“202m @ 0.50g/t AuEq (incl. 0.25g/t Au, 0.61% Zn, 3.15g/t Ag & 0.19% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · zincGrade: 0.61Grade Unit: %Intercept: 202 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.61
Grade Unit
%
Intercept
202 m
From
77 m
To
279 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-279
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong zinc grade, exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (202m) with a strong zinc grade (0.61%), higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“202m @ 0.50g/t AuEq (incl. 0.25g/t Au, 0.61% Zn, 3.15g/t Ag & 0.19% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · silverGrade: 3.15Grade Unit: g/tIntercept: 202 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
3.15
Grade Unit
g/t
Intercept
202 m
From
77 m
To
279 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-279
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and strong silver grade, exceeding prior results, are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (202m) with a strong silver grade (3.15 g/t), higher than prior average and best grades.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“202m @ 0.50g/t AuEq (incl. 0.25g/t Au, 0.61% Zn, 3.15g/t Ag & 0.19% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · leadGrade: 0.19Grade Unit: %Intercept: 202 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.19
Grade Unit
%
Intercept
202 m
From
77 m
To
279 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-279
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and improved lead grade are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (202m).
  • Lead grade (0.19%) is higher than the prior average and best grade (0.14%) for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“202m @ 0.50g/t AuEq (incl. 0.25g/t Au, 0.61% Zn, 3.15g/t Ag & 0.19% Pb) from 77m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · goldGrade: 0.2Grade Unit: g/tIntercept: 284 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
284 m
From
77 m
To
361 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-361
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and higher AuEq grade are positive, but the gold grade itself is weak and below prior best. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (284m) with a higher gold equivalent grade (0.40 g/t AuEq).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Gold grade (0.20 g/t) is weak for an epithermal deposit and below the prior best grade (0.67 g/t).
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“284m @ 0.40g/t AuEq (incl. 0.20g/t Au, 0.48% Zn, 2.52g/t Ag and 0.16% Pb) from 77m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · zincGrade: 0.48Grade Unit: %Intercept: 284 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
zinc
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.48
Grade Unit
%
Intercept
284 m
From
77 m
To
361 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-361
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept is positive, but the zinc grade is slightly below prior results. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (284m).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Zinc grade (0.48%) is slightly below the prior average and best grade (0.51%) for the project.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“284m @ 0.40g/t AuEq (incl. 0.20g/t Au, 0.48% Zn, 2.52g/t Ag and 0.16% Pb) from 77m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · silverGrade: 2.52Grade Unit: g/tIntercept: 284 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
2.52
Grade Unit
g/t
Intercept
284 m
From
77 m
To
361 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-361
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept is positive, but the silver grade is slightly below prior results. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (284m).
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Silver grade (2.52 g/t) is slightly below the prior average and best grade (3.14 g/t) for the project.
  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“284m @ 0.40g/t AuEq (incl. 0.20g/t Au, 0.48% Zn, 2.52g/t Ag and 0.16% Pb) from 77m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

26-LODH-027Las Opeñas · leadGrade: 0.16Grade Unit: %Intercept: 284 mView all details
Link to this fact

Identity

Hole ID
26-LODH-027
Project
Las Opeñas
Commodity
lead
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.16
Grade Unit
%
Intercept
284 m
From
77 m
To
361 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
26-LODH-027:77-361
Mining Method
open_pit

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The long intercept and improved lead grade are positive. Lack of full AuEq assumptions and true width are minor negatives.

Positive factors

  • Long intercept length (284m).
  • Lead grade (0.16%) is higher than the prior average and best grade (0.14%) for the project.
  • Part of a newly discovered large-scale polymetallic system.

Negative factors

  • Metal equivalent assumptions are not fully disclosed, reducing transparency.
  • True width not disclosed, implying apparent width only.

Evidence · text

“284m @ 0.40g/t AuEq (incl. 0.20g/t Au, 0.48% Zn, 2.52g/t Ag and 0.16% Pb) from 77m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

SBD003Tansey · goldGrade: 0.75Grade Unit: g/tIntercept: 43 mView all details
Link to this fact

Identity

Hole ID
SBD003
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
0.75
Grade Unit
g/t
Intercept
43 m
From
157 m
To
200 m
Intercept Depth
157 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD003:157-200
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (43m) with a gold grade (0.75 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“43m @ 0.75g/t Au from 157m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD003Tansey · goldGrade: 1.41Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
SBD003
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
1.41
Grade Unit
g/t
Intercept
16 m
From
185 m
To
201 m
Intercept Depth
157 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD003:185-201
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (16m) with a gold grade (1.41 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“incl. 16m @ 1.41g/t Au from 185m (SBD003)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD001Tansey · goldGrade: 0.68Grade Unit: g/tIntercept: 41 mView all details
Link to this fact

Identity

Hole ID
SBD001
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
0.68
Grade Unit
g/t
Intercept
41 m
From
229 m
To
270 m
Intercept Depth
229 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD001:229-270
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (41m) with a gold grade (0.68 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“41m @ 0.68g/t Au from 229m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD001Tansey · goldGrade: 1.14Grade Unit: g/tIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
SBD001
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
1.14
Grade Unit
g/t
Intercept
9 m
From
229 m
To
238 m
Intercept Depth
229 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD001:229-238
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (9m) with a gold grade (1.14 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“incl. 9m @ 1.14g/t Au from 229m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD001Tansey · goldGrade: 0.97Grade Unit: g/tIntercept: 18 mView all details
Link to this fact

Identity

Hole ID
SBD001
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
0.97
Grade Unit
g/t
Intercept
18 m
From
252 m
To
270 m
Intercept Depth
229 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD001:252-270
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (18m) with a gold grade (0.97 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“and 18m @ 0.97g/t Au from 252m (SBD001)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD004Tansey · goldGrade: 0.56Grade Unit: g/tIntercept: 28 mView all details
Link to this fact

Identity

Hole ID
SBD004
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
0.56
Grade Unit
g/t
Intercept
28 m
From
107 m
To
135 m
Intercept Depth
107 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD004:107-135
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (28m) with a gold grade (0.56 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“28m @ 0.56g/t Au from 107m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

SBD004Tansey · goldGrade: 0.81Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
SBD004
Project
Tansey
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
NPM

Geometry

Grade
0.81
Grade Unit
g/t
Intercept
10 m
From
124 m
To
134 m
Intercept Depth
107 m

Classification

Deposit Type
orogenic
Program
resource
Sample Type
drill
Group ID
SBD004:124-134
Mining Method
underground

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The intercept confirms extension of historic mineralization, which is a positive for resource definition, but the grade is weak.

Positive factors

  • Moderate intercept length (10m) with a gold grade (0.81 g/t) that confirms extension of historic mineralization.
  • Successful infill drilling to extend known mineralization.

Negative factors

  • Gold grade is weak for an orogenic deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“incl. 10m @ 0.81g/t from 124m (SBD004)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

Fact 36Cachi · goldGrade: 0.81Grade Unit: g/tIntercept: 27.25 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Cachi
Commodity
gold
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
0.81
Grade Unit
g/t
Intercept
27.25 m
From
25.25 m
To
52.5 m
Intercept Depth
25.25 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
Cachi:25.25-52.5
Mining Method
open_pit

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-05-14T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a re-release of historical data, so novelty is low. The gold grade is weak, but it confirms historical mineralization.

Positive factors

  • Historical intercept shows gold mineralization in the project area.

Negative factors

  • This is a re-release of historical data with no new assays or interpretation, reducing novelty.
  • Gold grade (0.81 g/t) is weak for an epithermal deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“NewPeak’s maiden drill results included 27.25m @ 0.81g/t gold and 67.1g/t silver from 25.25m. Refer to NewPeak ASX Announcement dated 14 May 2021 for source data.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 37Cachi · silverGrade: 67.1Grade Unit: g/tIntercept: 27.25 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Cachi
Commodity
silver
Region
argentina
Reported Region
argentina
Ticker
NPM

Geometry

Grade
67.1
Grade Unit
g/t
Intercept
27.25 m
From
25.25 m
To
52.5 m
Intercept Depth
25.25 m

Classification

Deposit Type
epithermal
Sample Type
drill
Group ID
Cachi:25.25-52.5
Mining Method
open_pit

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2021-05-14T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a re-release of historical data, so novelty is low. The silver grade is weak, but it confirms historical mineralization.

Positive factors

  • Historical intercept shows silver mineralization in the project area.

Negative factors

  • This is a re-release of historical data with no new assays or interpretation, reducing novelty.
  • Silver grade (67.1 g/t) is weak for an epithermal deposit.
  • True width not disclosed, implying apparent width only.

Evidence · text

“NewPeak’s maiden drill results included 27.25m @ 0.81g/t gold and 67.1g/t silver from 25.25m. Refer to NewPeak ASX Announcement dated 14 May 2021 for source data.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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.