PAT: Annual Report to shareholders
Original announcement by asx on
- Company
- Patriot Resources Limited
- Ticker
- PAT
- Exchange
- ASX
- Region
- Peru
- Primary commodity
- Silver
- Secondary commodities
- Gold, Copper, Lead, Zinc
- Document categories
- Resource update, Metallurgy, Agreement transaction
- Extracted
- 2026-09-30 10:12:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Patriot Resources Limited's annual report highlights a maiden Inferred Mineral Resource of 31.4 Moz AgEq for its Tassa Silver-Gold Project in Peru, supported by positive historical metallurgical test work showing 85.05% silver recovery. The company is strategically focusing on Tassa, divesting its Zambian copper and Canadian lithium assets, and has secured key community agreements for drilling. Despite these operational advancements, the company faces a material uncertainty regarding its going concern status, requiring further capital raising, and experienced delays in drilling approvals which impacted share price growth.
Reasoning: The report details a maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, positive metallurgical test results, and strategic acquisitions and divestments, alongside progress on community agreements. However, the company faces challenges with delayed drilling approvals and a material uncertainty regarding its ability to continue as a going concern, necessitating further capital raising.
Positive factors
- Maiden Mineral Resource Estimate established for Tassa project
- Positive historical metallurgical recovery for silver
- Successful community agreements secured for Tassa exploration
- Strategic acquisitions expanding project portfolio
- Validation of historical data for Tassa project
Negative factors
- Resource estimate is entirely in the Inferred category
- Delayed drilling approvals impacted share price growth
- Material uncertainty related to going concern noted by auditor
- Company requires further capital raising
Low confidence — this extraction should be reviewed alongside the original source.
Rubric flags
- Material uncertainty related to going concern — The auditor's report highlights a material uncertainty regarding the group's ability to continue as a going concern, indicating a significant financial risk.
- All Inferred — The maiden resource estimate is entirely in the Inferred category, indicating a lower level of geological confidence.
Facts used in scoring: 18
Classification and evidence
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Resource Estimates (17)
inferredTassa Silver-Gold Project · silverTonnes: 18530000Contained Metal: 31.39Contained Unit: mozView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Contained Metal
- 31.39
- Contained Unit
- moz
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Metal Equivalent
- Metal Eq. Grade
- 52.68
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, providing a baseline for future development, though its inferred nature limits confidence.
Positive factors
- Maiden resource estimate provides a baseline for project valuation
- Significant contained metal ounces reported
Negative factors
- Resource is entirely in the Inferred category, indicating lower confidence
Evidence · table
“52.68”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredTassa Silver-Gold Project · silverTonnes: 18530000Grade: 42.73Grade Unit: g/tView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 42.73
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Contribution to the maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, with silver being the dominant metal.
Positive factors
- Silver is the primary commodity and a significant component of the resource
Negative factors
- Resource is entirely in the Inferred category
Evidence · table
“42.73”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredTassa Silver-Gold Project · goldTonnes: 18530000Grade: 0.06Grade Unit: g/tView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 0.06
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Contribution to the maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, with gold as a minor component.
Negative factors
- Gold grade is relatively low
- Resource is entirely in the Inferred category
Evidence · table
“0.06”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredTassa Silver-Gold Project · copperTonnes: 18530000Grade: 468Grade Unit: g/tView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 468
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Contribution to the maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, with copper as a minor component.
Negative factors
- Copper grade is relatively low
- Resource is entirely in the Inferred category
Evidence · table
“468”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredTassa Silver-Gold Project · leadTonnes: 18530000Grade: 1212Grade Unit: g/tView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 1212
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Contribution to the maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, with lead as a minor component.
Negative factors
- Lead grade is relatively low
- Resource is entirely in the Inferred category
Evidence · table
“1,212”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredTassa Silver-Gold Project · zincTonnes: 18530000Grade: 1121Grade Unit: g/tView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Eugene Gotora
- Resource group id
- resource:ff0fc1ed4ce14da368c1
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 1121
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2026-02-16
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Contribution to the maiden Inferred Mineral Resource for the Tassa Silver-Gold Project, with zinc as a minor component.
Negative factors
- Zinc grade is relatively low
- Resource is entirely in the Inferred category
Evidence · table
“1,121”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 7View all detailsHide details
Identity
- Ticker
- PAT
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: A capital raise was successfully completed post-period, providing necessary funding but also highlighting the company's ongoing need for external financing.
Positive factors
- Successful capital raise provides funding for operations
Negative factors
- Capital raise indicates ongoing need for funding
- Potential for shareholder dilution
Evidence · text
“On 19 August 2026, the Company Issued 51,985,455 shares at $0.055 per share to raise $2,859,200 before costs.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 8Tassa Silver-Gold ProjectView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Resource scope
- Resource group id
- resource:3af61be5a686b42c6362
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Secured a five-year Exploration Agreement with the Tassa Community, covering all surface exploration activities, including drilling, which is crucial for project advancement.
Positive factors
- Secured a long-term exploration agreement with the Tassa Community
- Agreement covers all surface exploration activities, including drilling
Evidence · text
“Additionally, the Company signed a five year Exploration Agreement with the Tassa Community covering all surface exploration activities, including drilling.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 9Kitumba 27715 ProjectView all detailsHide details
Identity
- Project
- Kitumba 27715 Project
- Region
- zambia
- Reported Region
- Zambia
- Ticker
- PAT
Resource scope
- Resource group id
- resource:13680944b583a60f01a9
- Ownership percent
- 20 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Acquisition of the remaining 20% interest in the Kitumba 27715 licence, consolidating full ownership ahead of drilling.
Positive factors
- Consolidates 100% ownership of the Kitumba licence
Evidence · text
“During the year, the Company acquired the remaining 20% of the 27715-HQ-LEL licence for US$50,000, consolidating 100% ownership ahead of drilling”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 10Licence 33543-HQ-LELView all detailsHide details
Identity
- Project
- Licence 33543-HQ-LEL
- Region
- zambia
- Reported Region
- Zambia
- Ticker
- PAT
Resource scope
- Resource group id
- resource:9d6759205f9181545829
- Ownership percent
- 90 %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Acquisition of a 90% interest in a new Zambian licence, strategically positioned near an existing copper project.
Positive factors
- Acquisition of a highly prospective licence along strike from a major copper project
Evidence · text
“On 29 July 2026, the Company announced it had acquired a 90% interest in exploration licence 33543-HQ-LEL in Zambia from MNS Global World Import and Export Limited.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 11Gorman Lithium ProjectView all detailsHide details
Identity
- Project
- Gorman Lithium Project
- Region
- canada
- Reported Region
- Canada
- Ticker
- PAT
Resource scope
- Resource group id
- resource:1998e6f3f4174490e6d9
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Initiated an expression of interest process for the Gorman Lithium Project, indicating a strategic divestment to focus on core assets.
Positive factors
- Divestment aligns with strategic focus on Tassa project
Evidence · text
“The Company has initiated an expression of interest process for the Gorman Project.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 12Zambia copper portfolioView all detailsHide details
Identity
- Project
- Zambia copper portfolio
- Region
- zambia
- Reported Region
- Zambia
- Ticker
- PAT
Resource scope
- Resource group id
- resource:6a4c916bd713d82dfaac
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Intends to divest the Zambia copper portfolio to become a 100% focused silver and gold Peruvian exploration company.
Positive factors
- Divestment aligns with strategic focus on Tassa project
Evidence · text
“The Company intends to divest its Zambia copper portfolio so that it can be a 100% focussed silver and gold Peruvian exploration company.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimation for the Tassa · silverTonnes: 18530000Grade: 42.73Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimation for the Tassa
- Commodity
- silver
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Resource group id
- resource:47818de076b143aab649
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 42.73
- Grade Unit
- g/t
Metal Equivalent
- Metal Eq. Grade
- 31.39
- Metal Eq. Unit
- moz AgEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“42.73”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimation for the Tassa · goldTonnes: 18530000Grade: 0.06Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimation for the Tassa
- Commodity
- gold
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Resource group id
- resource:47818de076b143aab649
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 0.06
- Grade Unit
- g/t
Metal Equivalent
- Metal Eq. Grade
- 31.39
- Metal Eq. Unit
- moz AgEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.06”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimation for the Tassa · copperTonnes: 18530000Grade: 468Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimation for the Tassa
- Commodity
- copper
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Resource group id
- resource:47818de076b143aab649
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 468
- Grade Unit
- g/t
Metal Equivalent
- Metal Eq. Grade
- 31.39
- Metal Eq. Unit
- moz AgEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“468”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimation for the Tassa · leadTonnes: 18530000Grade: 1212Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimation for the Tassa
- Commodity
- lead
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Resource group id
- resource:47818de076b143aab649
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 1212
- Grade Unit
- g/t
Metal Equivalent
- Metal Eq. Grade
- 31.39
- Metal Eq. Unit
- moz AgEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1,212”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimation for the Tassa · zincTonnes: 18530000Grade: 1121Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimation for the Tassa
- Commodity
- zinc
- Ticker
- PAT
Resource scope
- Estimate type
- resource
- Resource group id
- resource:47818de076b143aab649
Resource Data
- Category
- inferred
- Tonnes
- 18530000
- Grade
- 1121
- Grade Unit
- g/t
Metal Equivalent
- Metal Eq. Grade
- 31.39
- Metal Eq. Unit
- moz AgEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1,121”
Context: 18.53
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (1)
cyanidationTassa Silver-Gold Project · silverRecovery: 85.05 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Tassa Silver-Gold Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- PAT
Test Work
- Program Status
- preliminary
- Test Type
- cyanidation
- Processing Route
- cyanidation
- Sample
- six surface samples
Recovery
- Recovery
- 85.05 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Northern Metallurgy (QLD, Australia) and ALS Chemex (Peru)
- Consultant
- Northern Metallurgy (QLD, Australia)
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Positive historical silver recovery results from cyanidation test work, supporting the project's metallurgical viability, though the historical and preliminary nature warrants caution.
Positive factors
- High silver recovery achieved in historical test work
- Independent metallurgical review supports results
Negative factors
- Test work is historical and on surface samples, not necessarily representative of the full resource
- Only preliminary test work reported
Evidence · text
“An independent metallurgical review by Northern Metallurgy (QLD, Australia) and ALS Chemex (Peru) of historical cyanidation test work, which returned an average silver recovery of 85.05% across six surface samples.”
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.