NYM: Investor Presentation - Redhill Copper Project Acquisition

Original announcement by asx on

Company
Narryer Metals Limited
Ticker
NYM
Exchange
ASX
Region
Chile
Primary commodity
Copper
Secondary commodities
Gold, Silver, Lead, Zinc
Document categories
Drill results, Agreement transaction, Resource update
Extracted
2026-09-22 00:35:59 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Narryer Metals Limited is acquiring the Redhill Copper Project in Chile, a high-grade copper and precious metals opportunity. The acquisition includes an existing 4.3 Mt Inferred Mineral Resource at 1.7% Cu, 0.3 g/t Au, and 33 g/t Ag, along with a substantial JORC Exploration Target of 16-49 Mt at 1.2-2.6% Cu. The transaction is supported by a strategic investment from 29Metals and aims to advance the project through further exploration and resource growth.

Reasoning: Narryer Metals is acquiring a copper project in Chile with an existing Inferred Resource and a large Exploration Target, backed by a strategic investor. While the resource is early-stage (Inferred), the acquisition provides significant growth potential in a favorable jurisdiction, supported by historical production and recent positive exploration results.

Positive factors

  • Acquisition of a high-grade copper project in a mining-friendly jurisdiction
  • Existing JORC Inferred Mineral Resource provides a strong base
  • Significant JORC Exploration Target indicates substantial upside potential
  • Strategic investment from 29Metals provides validation and funding
  • Historical high-grade production and recent fieldwork confirm prospectivity

Negative factors

  • Mineral Resource is entirely in the Inferred category, limiting engineering confidence
  • Exploration Target is conceptual and requires significant further work to convert to resources
  • Many drill results presented are historical, reducing novelty of the data itself

Facts used in scoring: 44

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Mineral Resources estimate and Exploration Target are stated to be JORC compliant.

Evidence · text

“JORC Exploration Target”

QP/CP Signedpositive

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

Why it applies: Dr Gavin England, a Competent Person, has consented to the inclusion of information in the Public Report.

Evidence · text

“Dr Gavin England, a Competent Person who is a member of the Australian Institute of Mining and Metallurgy and the Australian Institute of Geosciences. Dr England is the Technical Director of Narryer Minerals Limited.”

Inferred Resourcenegative

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

Why it applies: The existing Mineral Resource is entirely classified as Inferred.

Evidence · text

“Existing Inferred Mineral Resource”

All Inferrednegative

100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: The entire 4.3Mt Mineral Resource is in the Inferred category.

Evidence · text

“Total Inferred 4.3”

Stale Data Re-releasenegative

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

Why it applies: The Mineral Resource estimate is extracted from 29 Metals announcements dated 2021 and 2026, and drill results are from 2022 and 2016, indicating historical data being re-presented.

Evidence · text

“Information in this Presentation relating to the Project’s prior Mineral Resources estimate are extracted from 29 Metals Prospectus including the Independent Geology Report lodged with ASX on 2 July 2021 and 29 Metals ASX announcement dated 26 February 2026”

Metal Equivalent Opaquenegative

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

Why it applies: Metal equivalent grades are reported for the Exploration Target with full disclosure of prices, recoveries, and formula.

Evidence · text

“Copper equivalent grades for the exploration target in this release have been calculated using the formula CuEq = Cu% * 0.93 + (Au g/t * 0.784) + (Ag g/t * 0.01515) and are based on 12 month moving monthly average spot metal prices of A$12,081/t copper (LME spot price), A$4,420/oz (World Gold Council spot price) gold and A$68/oz silver (LBMA spot price) with metallurgical recoveries of 93% for copper,62% for gold and 78% for silver.”

Tonnage Growthpositive

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

Why it applies: The Exploration Target of 16-49Mt is significantly larger than the existing 4.3Mt Inferred Resource, indicating potential for substantial tonnage growth.

Evidence · text

“16-49Mt2 @1.2-2.6% Cu, 0.4-0.4g/t Au and 34-55g/t Ag (1.8 – 3.3% CuEq)# JORC Exploration Target*”

Extracted facts

Stored fact records: 29. Some facts used in scoring do not have a stored record.

Drill Results (26)

ZDD011Redhill · copperGrade: 1.87Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD011
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
1.87
Grade Unit
%
Intercept
3 m
From
41.1 m
To
44.1 m
Intercept Depth
41.1 m

Classification

Sample Type
drill
Group ID
ZDD011:41.1-44.1

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD011 returned a good copper grade over a moderate length, supporting the potential for vein extensions at Cutters Mine.

Positive factors

  • Good copper grade
  • Intercept contributes to understanding of vein extensions

Negative factors

  • Intercept length is moderate
  • Result is historical, reducing novelty

Evidence · table

“1.87”

Context: 3.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD011Redhill · silverGrade: 48Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD011
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
48
Grade Unit
g/t
Intercept
3 m
From
41.1 m
To
44.1 m
Intercept Depth
41.1 m

Classification

Sample Type
drill
Group ID
ZDD011:41.1-44.1

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD011 also showed a significant silver credit, enhancing the overall value of the intercept.

Positive factors

  • Significant silver credit

Negative factors

  • Intercept length is moderate
  • Result is historical, reducing novelty

Evidence · table

“48”

Context: 3.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD013Redhill · copperGrade: 5.2Grade Unit: %Intercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD013
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
5.2
Grade Unit
%
Intercept
1 m
From
23.9 m
To
24.9 m
Intercept Depth
23.9 m

Classification

Sample Type
drill
Group ID
ZDD013:23.9-24.9

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD013 returned a very high copper grade, matching historical production grades and indicating bonanza-grade potential over a narrow interval.

Positive factors

  • Very high copper grade
  • Matches historical high-grade production

Negative factors

  • Intercept length is narrow
  • Result is historical, reducing novelty

Evidence · table

“5.2”

Context: 1.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD013Redhill · silverGrade: 160Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD013
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
160
Grade Unit
g/t
Intercept
1 m
From
23.9 m
To
24.9 m
Intercept Depth
23.9 m

Classification

Sample Type
drill
Group ID
ZDD013:23.9-24.9

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD013 also showed a very high silver grade, further enhancing the bonanza-grade potential of this narrow intercept.

Positive factors

  • Very high silver grade

Negative factors

  • Intercept length is narrow
  • Result is historical, reducing novelty

Evidence · table

“160”

Context: 1.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD014Redhill · copperGrade: 2.6Grade Unit: %Intercept: 4.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD014
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
2.6
Grade Unit
%
Intercept
4.9 m
From
103.7 m
To
108.6 m
Intercept Depth
103.7 m

Classification

Sample Type
drill
Group ID
ZDD014:103.7-108.6

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD014 returned a good copper grade over a moderate length, indicating consistent mineralization at depth.

Positive factors

  • Good copper grade
  • Moderate intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“2.6”

Context: 4.9

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD014Redhill · silverGrade: 48Grade Unit: g/tIntercept: 4.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD014
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
48
Grade Unit
g/t
Intercept
4.9 m
From
103.7 m
To
108.6 m
Intercept Depth
103.7 m

Classification

Sample Type
drill
Group ID
ZDD014:103.7-108.6

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD014 also showed a significant silver credit, adding to the overall value of the intercept.

Positive factors

  • Significant silver credit

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“48”

Context: 4.9

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD005Redhill · copperGrade: 2Grade Unit: %Intercept: 5.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD005
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
2
Grade Unit
%
Intercept
5.5 m
From
116 m
To
121.5 m
Intercept Depth
116 m

Classification

Sample Type
drill
Group ID
ZDD005:116-121.5

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD005 from Cristina returned a good copper grade over a moderate length, indicating consistent mineralization.

Positive factors

  • Good copper grade
  • Moderate intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · text

“5.5m @ 2% Cu, 66 g/t Ag from 116m (drillhole ZDD005)”

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD005Redhill · silverGrade: 66Grade Unit: g/tIntercept: 5.5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD005
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
66
Grade Unit
g/t
Intercept
5.5 m
From
116 m
To
121.5 m
Intercept Depth
116 m

Classification

Sample Type
drill
Group ID
ZDD005:116-121.5

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD005 also showed a significant silver credit, adding to the overall value of the intercept.

Positive factors

  • Significant silver credit

Negative factors

  • Result is historical, reducing novelty

Evidence · text

“5.5m @ 2% Cu, 66 g/t Ag from 116m (drillhole ZDD005)”

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD007Redhill · goldGrade: 2.52Grade Unit: g/tIntercept: 4.26 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD007
Project
Redhill
Commodity
gold
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
2.52
Grade Unit
g/t
Intercept
4.26 m
From
24.6 m
To
28.86 m
Intercept Depth
24.6 m

Classification

Sample Type
drill
Group ID
ZDD007:24.6-28.86

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD007 from Gorda returned a high gold grade over a moderate length, indicating strong gold mineralization.

Positive factors

  • High gold grade
  • Moderate intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · text

“4.26m @ 2.52 g/t Au, 63 g/t Ag from 24.6m (drillhole ZDD007).”

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD007Redhill · silverGrade: 63Grade Unit: g/tIntercept: 4.26 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD007
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
63
Grade Unit
g/t
Intercept
4.26 m
From
24.6 m
To
28.86 m
Intercept Depth
24.6 m

Classification

Sample Type
drill
Group ID
ZDD007:24.6-28.86

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2022-09-22T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD007 also showed a significant silver credit, adding to the overall value of the intercept.

Positive factors

  • Significant silver credit

Negative factors

  • Result is historical, reducing novelty

Evidence · text

“4.26m @ 2.52 g/t Au, 63 g/t Ag from 24.6m (drillhole ZDD007).”

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD024Redhill · copperGrade: 2.76Grade Unit: %Intercept: 9.72 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD024
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
2.76
Grade Unit
%
Intercept
9.72 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD024 from Franceses returned a high copper grade over a good length, indicating strong mineralization.

Positive factors

  • High copper grade
  • Good intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“2.76”

Context: 9.72

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD024Redhill · silverGrade: 30Grade Unit: g/tIntercept: 9.72 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD024
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
30
Grade Unit
g/t
Intercept
9.72 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD024 also showed a moderate silver credit, adding to the overall value of the intercept.

Positive factors

  • Moderate silver credit

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“30”

Context: 9.72

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD024Redhill · copperGrade: 8.2Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD024
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
8.2
Grade Unit
%
Intercept
3 m
From
11 m
To
14 m
Intercept Depth
11 m

Classification

Sample Type
drill
Group ID
ZDD024:11-14

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: A high-grade sub-interval within ZDD024 demonstrates exceptional copper potential, significantly enhancing the overall intercept.

Positive factors

  • Exceptional copper grade
  • Good intercept length for a sub-interval

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“8.2”

Context: 3m @ 8.2% Cu, 86 g/t Ag from 11m

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD024Redhill · silverGrade: 86Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD024
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
86
Grade Unit
g/t
Intercept
3 m
From
11 m
To
14 m
Intercept Depth
11 m

Classification

Sample Type
drill
Group ID
ZDD024:11-14

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The high-grade sub-interval within ZDD024 also includes a very high silver credit, adding to its overall value.

Positive factors

  • Very high silver grade

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“86”

Context: 3m @ 8.2% Cu, 86 g/t Ag from 11m

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD025Redhill · copperGrade: 1.2Grade Unit: %Intercept: 20.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD025
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
1.2
Grade Unit
%
Intercept
20.6 m
From
15.9 m
To
36.5 m
Intercept Depth
15.9 m

Classification

Sample Type
drill
Group ID
ZDD025:15.9-36.5

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD025 from Franceses returned a good copper grade over a very long length, indicating significant broad mineralization.

Positive factors

  • Good copper grade
  • Very long intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“1.2”

Context: 20.6

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD025Redhill · silverGrade: 11Grade Unit: g/tIntercept: 20.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD025
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
11
Grade Unit
g/t
Intercept
20.6 m
From
15.9 m
To
36.5 m
Intercept Depth
15.9 m

Classification

Sample Type
drill
Group ID
ZDD025:15.9-36.5

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD025 also showed a low silver credit, but the overall length and copper grade are more significant.

Negative factors

  • Silver grade is low
  • Result is historical, reducing novelty

Evidence · table

“11”

Context: 20.6

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD023Redhill · copperGrade: 0.9Grade Unit: %Intercept: 35 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD023
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
0.9
Grade Unit
%
Intercept
35 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD023 from Franceses returned a good copper grade over an exceptional length, indicating very significant broad mineralization.

Positive factors

  • Good copper grade
  • Exceptional intercept length

Negative factors

  • Result is historical, reducing novelty

Evidence · table

“0.9”

Context: 35.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

ZDD023Redhill · silverGrade: 10Grade Unit: g/tIntercept: 35 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ZDD023
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
10
Grade Unit
g/t
Intercept
35 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2016-01-01T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Drillhole ZDD023 also showed a low silver credit, but the overall length and copper grade are more significant.

Negative factors

  • Silver grade is low
  • Result is historical, reducing novelty

Evidence · table

“10”

Context: 35.0

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel sample RH-57Redhill · copperGrade: 3.3Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
Channel sample RH-57
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
3.3
Grade Unit
%
Intercept
5 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 3.3 % copper is exceptional against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 16.5 %·m is below (grade alone is exceptional; the better of the two is used).

Positive factors

  • 3.3 % copper is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.3”

Context: Channel sample RH-57

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel sample RH-57Redhill · silverGrade: 61Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
Channel sample RH-57
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
61
Grade Unit
g/t
Intercept
5 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 61 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 305.0 g/t·m is weak.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“61”

Context: Channel sample RH-57

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-70Redhill · copperGrade: 1Grade Unit: %Intercept: 26.1 mView all details
Link to this fact

Identity

Hole ID
Channel RH-70
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
1
Grade Unit
%
Intercept
26.1 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 26.1 %·m is weak (grade alone is strong; the better of the two is used).

Positive factors

  • 1 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.0”

Context: Channel RH-70

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-70Redhill · silverGrade: 8Grade Unit: g/tIntercept: 26.1 mView all details
Link to this fact

Identity

Hole ID
Channel RH-70
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
8
Grade Unit
g/t
Intercept
26.1 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 208.8 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“8”

Context: Channel RH-70

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-76Redhill · copperGrade: 2.9Grade Unit: %Intercept: 15.8 mView all details
Link to this fact

Identity

Hole ID
Channel RH-76
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
2.9
Grade Unit
%
Intercept
15.8 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 2.9 % copper is exceptional against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 45.8 %·m is weak (grade alone is exceptional; the better of the two is used).

Positive factors

  • 2.9 % copper is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.9”

Context: Channel RH-76

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-76Redhill · silverGrade: 29Grade Unit: g/tIntercept: 15.8 mView all details
Link to this fact

Identity

Hole ID
Channel RH-76
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
29
Grade Unit
g/t
Intercept
15.8 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 29 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 458.2 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“29”

Context: Channel RH-76

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-71aRedhill · copperGrade: 1.44Grade Unit: %Intercept: 4.7 mNeeds review: ungroundedView all details
Link to this fact

Identity

Hole ID
Channel RH-71a
Project
Redhill
Commodity
copper
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
1.44
Grade Unit
%
Intercept
4.7 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
ungrounded
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 1.44 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 6.8 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.44 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.44”

Context: Channel RH-71a

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Channel RH-71aRedhill · silverGrade: 7.4Grade Unit: g/tIntercept: 4.7 mNeeds review: ungroundedView all details
Link to this fact

Identity

Hole ID
Channel RH-71a
Project
Redhill
Commodity
silver
Region
chile
Reported Region
chile
Ticker
NYM

Geometry

Grade
7.4
Grade Unit
g/t
Intercept
4.7 m

Classification

Sample Type
drill

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
ungrounded
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from assay table. 7.4 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 34.8 g/t·m is below.

Negative factors

  • 7.4 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“7.4”

Context: Channel RH-71a

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Drilling shows potential vein extension, located ~600m north of the Cutter Vein working1 2022 short drilling program ~1."

Resource Estimates (3)

TotalRedhill Copper Project · copperTonnes: 49000000View all details
Link to this fact

Identity

Project
Redhill Copper Project
Commodity
copper
Region
chile
Reported Region
Chile
Ticker
NYM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Gavin England
Resource group id
resource:a72ebb3fcf2d4510cebe
Deposit or zone
Total
Mining method
underground

Resource Data

Tonnes
49000000

Prior Estimate

Resource Date
2026-09-22

Metal Equivalent

Metal Eq. Grade
3.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The high copper equivalent grade for the total Exploration Target highlights its significant combined metal value, with transparent assumptions.

Positive factors

  • High metal equivalent grade for the total Exploration Target
  • Metal equivalent grade provides a combined value metric
  • Assumptions for metal equivalent calculation are disclosed

Negative factors

  • Conceptual nature of Exploration Target, not a Mineral Resource
  • Requires significant exploration to convert to resource

Evidence · table

“3.3”

Context: 49

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

TotalRedhill Copper Project · goldTonnes: 49000000Grade: 0.4Grade Unit: g/tContained Metal: 672900Contained Unit: ozView all details
Link to this fact

Identity

Project
Redhill Copper Project
Commodity
gold
Region
chile
Reported Region
Chile
Ticker
NYM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Gavin England
Resource group id
resource:a72ebb3fcf2d4510cebe
Deposit or zone
Total
Mining method
underground

Resource Data

Tonnes
49000000
Grade
0.4
Grade Unit
g/t
Contained Metal
672900
Contained Unit
oz

Prior Estimate

Resource Date
2026-09-22

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The total Exploration Target includes a significant gold credit, adding to the overall value proposition.

Positive factors

  • Significant gold credit in the total Exploration Target

Negative factors

  • Conceptual nature of Exploration Target, not a Mineral Resource
  • Requires significant exploration to convert to resource

Evidence · table

“0.4”

Context: 49

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

TotalRedhill Copper Project · silverTonnes: 49000000Grade: 55Grade Unit: g/tContained Metal: 87000Contained Unit: kozView all details
Link to this fact

Identity

Project
Redhill Copper Project
Commodity
silver
Region
chile
Reported Region
Chile
Ticker
NYM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Gavin England
Resource group id
resource:a72ebb3fcf2d4510cebe
Deposit or zone
Total
Mining method
underground

Resource Data

Tonnes
49000000
Grade
55
Grade Unit
g/t
Contained Metal
87000
Contained Unit
koz

Prior Estimate

Resource Date
2026-09-22

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: The total Exploration Target provides a very significant silver credit, enhancing the project's precious metals potential.

Positive factors

  • Very significant silver credit in the total Exploration Target

Negative factors

  • Conceptual nature of Exploration Target, not a Mineral Resource
  • Requires significant exploration to convert to resource

Evidence · table

“55”

Context: 49

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.