# Panoro Signs Cooperation Agreement with the Municipality of Cotabambas for the Cotabambas Copper/Gold/Silver Project, Peru Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6 Original source: https://panoro.com/en/news/2026/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-cotabambas-copper-gold-silver-project-peru/ Publisher: prospectors\_exchange Original announcement: 2026-09-16T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-17T12:49:16.174Z Atlas analysis updated: 2026-09-17T12:49:16.174Z - Company: Panoro Minerals Ltd. - Ticker: PML - Exchange: Unavailable - Region: Apurimac, Peru - Primary commodity: Copper - Secondary commodities: Gold, Silver, Molybdenum - Document categories: Resource update, Agreement transaction, Other - Extracted: 2026-09-17 12:49:16 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Panoro Minerals has signed a cooperation agreement with the Municipality of Cotabambas in Peru to support local social development and infrastructure, specifically road upgrades. This agreement aims to strengthen the company's social license and relationship with the local community surrounding the Cotabambas Copper/Gold/Silver Project. Reasoning: The agreement with the local municipality is a positive step for social license and community relations, which is critical for project advancement in Peru. - Positive factor: strengthens social license to operate - Positive factor: improves local infrastructure and connectivity - Positive factor: reaffirms long-term community commitment Facts used in scoring: 14 ## Classification and evidence **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Luis Vela, P.Geo., Vice President, Exploration, is named as the Qualified Person under NI 43-101. Evidence · text > reviewed and approved by Luis Vela, P.Geo., Vice President, Exploration, a “Qualified Person” under NI 43-101. ## Extracted facts Stored fact records: 14. Some facts used in scoring do not have a stored record. ## Resource Estimates (14) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-0) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e4c9cb7456ea47f4d98f - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.33 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-1) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e4c9cb7456ea47f4d98f - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-2) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e4c9cb7456ea47f4d98f - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 2.42 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-3) Cotabambas · molybdenum #### Identity - Project: Cotabambas - Commodity: molybdenum - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e4c9cb7456ea47f4d98f - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.0021 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper, 0.20 g/t gold, 2.42 g/t silver, and 0.0021% molybdenum #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-4) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c56fdddb928a20706c31 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.27 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-5) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c56fdddb928a20706c31 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.17 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-6) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c56fdddb928a20706c31 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 2.53 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-7) Cotabambas · molybdenum #### Identity - Project: Cotabambas - Commodity: molybdenum - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c56fdddb928a20706c31 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.0027 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper, 0.17 g/t gold, 2.53 g/t silver, and 0.0027% molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-8) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:5a5d535cd56e6be1f8e3 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 0.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-9) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:5a5d535cd56e6be1f8e3 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 0.44 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-10) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:5a5d535cd56e6be1f8e3 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 4.12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-11) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:99c5f77b78cad352caf8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 0.59 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of an estimated 93.1 million tonnes grading 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-12) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:99c5f77b78cad352caf8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 0.41 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of an estimated 93.1 million tonnes grading 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/panoro-signs-cooperation-agreement-with-the-municipality-of-cotabambas-for-the-c--e326b68f-d5d1-4b6c-87b5-290b40e47ea6#fact-resource-facts-13) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:99c5f77b78cad352caf8 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 5.31 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-16T00:00:00.000Z Reasoning: Provides baseline resource context for the project. Evidence · text > Inferred Mineral Resources of an estimated 93.1 million tonnes grading 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.