Results of Updated Mineral Resource and Reserves; Increases Consolidated M&I to 731koz Au and Inferred Resource to 653koz Au
Original announcement by orestocks on
- Company
- Serabi Gold plc
- Ticker
- SBI.TO
- Exchange
- Unavailable
- Region
- Para, Brazil
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-10-01 04:02:13 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Serabi Gold plc announced updated Mineral Reserve and Resource estimates for its Palito Complex and Coringa Mine, showing substantial growth. Consolidated Measured and Indicated gold resources increased by 29% to 730,800 ounces, while Inferred resources grew by 50% to 653,300 ounces. Proven and Probable Reserves for the Palito Complex also saw a significant increase to 228,400 ounces, reflecting successful brownfield exploration.
Reasoning: Serabi Gold plc reported significant increases in both consolidated Measured & Indicated and Inferred gold resources, as well as a substantial increase in Proven and Probable reserves, based on new estimates incorporating recent drill results and prepared under NI 43-101. The Coringa Mine showed exceptional growth in both tonnage and grade across all resource categories.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
- QP/CP Signed
- NI 43-101 Compliant
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 51
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The consolidated Measured and Indicated resources increased by 29% to 2,485,800 tonnes and Inferred resources increased by 50% to 2,506,700 tonnes.
Evidence · text
“Consolidated Measured and Indicated (“M&I”) Resources of 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au), a 29% increase compared to 567,400 ounces (2,047,900 tonnes @ 8.6 g/t) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au), a 50% increase compared to 434,700 ounces (2,144,200 tonnes @ 6.3 g/t Au) in March 2025 for Palito and April 2024 for Coringa.”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Consolidated Measured and Indicated contained gold increased by 29% to 730,800 ounces and Inferred contained gold increased by 50% to 653,300 ounces.
Evidence · text
“Consolidated Measured and Indicated (“M&I”) Resources of 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au), a 29% increase compared to 567,400 ounces (2,047,900 tonnes @ 8.6 g/t) in March 2025 for Palito and April 2024 for Coringa. Consolidated Inferred Resources of 653,300 ounces (2,506,700 tonnes @ 8.1 g/t Au), a 50% increase compared to 434,700 ounces (2,144,200 tonnes @ 6.3 g/t Au) in March 2025 for Palito and April 2024 for Coringa.”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The consolidated M&I resources increased by 29%, indicating an improvement in resource confidence.
Evidence · text
“Consolidated Measured and Indicated (“M&I”) Resources of 730,800 ounces of contained gold (2,485,800 tonnes @ 9.1 g/t Au), a 29% increase compared to 567,400 ounces (2,047,900 tonnes @ 8.6 g/t) in March 2025 for Palito and April 2024 for Coringa.”
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: The Mineral Resource and Reserve estimates were prepared and approved by Carlos Guzman and Nicolas Fuster, who are Qualified Persons under NI 43-101, and Michael Hodgson also reviewed and approved the technical information.
Evidence · text
“The Mineral Reserve estimate for Palito Mine was prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. The Mineral Resource estimates for Palito Mine and Coringa Mine were prepared by Mr Carlos Guzman of NCL Ingeniería y Construcción SpA, who is a Qualified Person under the Canadian National Instrument 43-101. The scientific and technical information contained in this news release pertaining to the Palito Mine has been reviewed and approved by the following Qualified Persons under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"): Carlos Guzman,RM CMC, FAusIMM, NCL Ingeniería y Construcción SpA Nicolas Fuster, RM CMC, MAusIMM, NCL Ingeniería y Construcción SpA ... The scientific and technical information contained within this announcement has been reviewed and approved by Michael Hodgson, a Director of the Company.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The estimates were prepared in accordance with the standard of CIM and Canadian National Instrument 43-101.
Evidence · text
“prepared in accordance with the standard of CIM and Canadian National Instrument 43-101”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions that Qualified Persons verified sampling, preparation, security, and analytical procedures, and that duplicate samples are sent to accredited laboratories for independent verification.
Evidence · text
“The Qualified Persons have verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying the information or opinions contained in this announcement in accordance with standards appropriate to their qualifications. ... As a matter of normal practice, the Company sends duplicate samples derived from a variety of the Company's activities to accredited laboratory facilities for independent verification.”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports Measured Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, indicating a high level of geological confidence.
Evidence · table
“Measured”
Context: Measured
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports Indicated Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, indicating a reasonable level of geological confidence.
Evidence · table
“Indicated”
Context: Indicated
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Proven Mineral Reserves for the Palito Complex, indicating the highest level of economic viability and confidence.
Evidence · table
“Proven”
Context: Proven
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Probable Mineral Reserves for the Palito Complex, indicating demonstrated economic viability.
Evidence · table
“Probable”
Context: Probable
High Recoverypositive · Story-specific tag
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Metallurgical recoveries of 95% for Palito and 93.8% for São Chico are stated for reserve estimates, which are strong for underground gold operations.
Evidence · text
“metallurgical recoveries of 95%. ... metallurgical recoveries of 93.8%.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades are clearly stated for all reserve and resource estimates.
Evidence · text
“reported at a COG of 3.19 g/t gold ... reported at a COG of 4.0 g/t gold ... reported at a COG of 2.73 ... reported at a COG of 3.32 g/t gold ... reported at a COG of 1.94”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The Palito Mine Proven & Probable Reserves show a grade decrease of 14.08% compared to the prior estimate.
Evidence · table
“6.1”
Context: Proven & Probable Reserves
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports Inferred Mineral Resources for Palito Mine, São Chico Mine, Coringa Mine, and consolidated figures, which is a speculative category with lower confidence.
Evidence · table
“Inferred”
Context: Inferred
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The São Chico Mine Mineral Reserve and Resource estimates have an effective date of July 31, 2023, and are stated as unchanged since then, making them over two years old relative to the announcement date.
Evidence · text
“The updated Mineral Reserve estimates for the Palito Mine and the São Chico Mine are based on data as at 31st January 2026 and 31st July 2023, respectively. ... São Chico Mineral Reserves remain unchanged since November 2023 Technical Report, as no mining activities occurred since that date. ... São Chico unchanged since July 31, 2023 Reserve Statement.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Reserve and Resource estimates for multiple mines.
Evidence · text
“Results of Updated Mineral Resource and Reserves”
Extracted facts
Stored fact records: 51. Some facts used in scoring do not have a stored record.
Resource Estimates (51)
provenPalito Complex · goldTonnes: 607100Grade: 6.6Grade Unit: g/tContained Metal: 128.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:c081ffb1c69fb196fc03
- Deposit or zone
- Palito
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 607100
- Grade
- 6.6
- Grade Unit
- g/t
- Contained Metal
- 128.9
- Contained Unit
- koz
- Cutoff Grade
- 3.19
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This Proven Reserve for Palito Mine shows a high-grade gold content (6.6 g/t Au) and is part of the updated estimates, contributing to the overall reserve growth.
Positive factors
- Proven Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“607.1”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Complex · goldTonnes: 485400Grade: 5.4Grade Unit: g/tContained Metal: 83.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:9753dcbc1690ca006a89
- Deposit or zone
- Palito
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 485400
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 83.8
- Contained Unit
- koz
- Cutoff Grade
- 3.19
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This Probable Reserve for Palito Mine indicates a high-grade gold content (5.4 g/t Au) and contributes to the overall reserve increase.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“485.4”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Complex · goldTonnes: 1092600Grade: 6.1Grade Unit: g/tContained Metal: 212.7Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:2594dfdd739d000eede4
- Deposit or zone
- Palito
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1092600
- Grade
- 6.1
- Grade Unit
- g/t
- Contained Metal
- 212.7
- Contained Unit
- koz
- Cutoff Grade
- 3.19
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The total reserves for Palito Mine show a strong grade of 6.1 g/t Au, contributing significantly to the overall reserve base.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“1,092.6”
Context: Total Reserves
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenPalito Complex · goldTonnes: 46100Grade: 8.2Grade Unit: g/tContained Metal: 12.2Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:a4200058e49868089722
- Deposit or zone
- São Chico
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 46100
- Grade
- 8.2
- Grade Unit
- g/t
- Contained Metal
- 12.2
- Contained Unit
- koz
- Cutoff Grade
- 4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This Proven Reserve for São Chico Mine is high-grade (8.2 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Proven Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“46.1”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
probablePalito Complex · goldTonnes: 14100Grade: 7.7Grade Unit: g/tContained Metal: 3.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:1acc63935c50e6f29126
- Deposit or zone
- São Chico
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 14100
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 3.5
- Contained Unit
- koz
- Cutoff Grade
- 4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This Probable Reserve for São Chico Mine is high-grade (7.7 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“14.1”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
probablePalito Complex · goldTonnes: 60200Grade: 8.1Grade Unit: g/tContained Metal: 15.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:a957cc30af8a74a25969
- Deposit or zone
- São Chico
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 60200
- Grade
- 8.1
- Grade Unit
- g/t
- Contained Metal
- 15.6
- Contained Unit
- koz
- Cutoff Grade
- 4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The total reserves for São Chico Mine are high-grade (8.1 g/t Au) but are unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“60.2”
Context: Total Reserves
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
provenPalito Complex · goldTonnes: 653200Grade: 6.7Grade Unit: g/tContained Metal: 141.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:8e9cbc25b06907f80333
- Deposit or zone
- Combined
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 653200
- Grade
- 6.7
- Grade Unit
- g/t
- Contained Metal
- 141.1
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Proven Reserve for the Palito Complex shows a strong grade of 6.7 g/t Au and contributes significantly to the overall reserve base.
Positive factors
- Proven Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“653.2”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Complex · goldTonnes: 499500Grade: 5.4Grade Unit: g/tContained Metal: 87.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:59c3e5192e08adbb345e
- Deposit or zone
- Combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 499500
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 87.3
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Probable Reserve for the Palito Complex shows a high-grade of 5.4 g/t Au and contributes to the overall reserve increase.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“499.5”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Complex · goldTonnes: 1152800Grade: 6.2Grade Unit: g/tContained Metal: 228.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:ef11b9b65f39158f2e45
- Deposit or zone
- Combined
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1152800
- Grade
- 6.2
- Grade Unit
- g/t
- Contained Metal
- 228.4
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The total combined reserves for the Palito Complex show significant tonnage and contained metal growth, despite a slight decrease in overall grade, indicating a material update.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“1,152.8”
Context: Total Reserves
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredPalito Mine · goldTonnes: 814800Grade: 10.5Grade Unit: g/tContained Metal: 275.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:beed9a1d2d680889b525
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 814800
- Grade
- 10.5
- Grade Unit
- g/t
- Contained Metal
- 275.1
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for Palito Mine is high-grade (10.5 g/t Au) and represents a high confidence category, contributing to the updated resource base.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“814.8”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 459800Grade: 7.7Grade Unit: g/tContained Metal: 113.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:35976cadd0a0f9e5c656
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 459800
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 113.5
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for Palito Mine is high-grade (7.7 g/t Au) and adds to the confidence of the resource base.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“459.8”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 1274600Grade: 9.5Grade Unit: g/tContained Metal: 388.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:5096f0db615d5278061a
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1274600
- Grade
- 9.5
- Grade Unit
- g/t
- Contained Metal
- 388.6
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated Resource for Palito Mine shows a strong grade of 9.5 g/t Au and contributes to the overall resource confidence.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“1,274.6”
Context: Measured and Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalito Mine · goldTonnes: 743800Grade: 6.5Grade Unit: g/tContained Metal: 156.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:92adcc59c5c39d32bf1c
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 743800
- Grade
- 6.5
- Grade Unit
- g/t
- Contained Metal
- 156.6
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for Palito Mine is high-grade (6.5 g/t Au) and adds to the potential resource base, though with lower confidence.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“743.8”
Context: Inferred
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredSão Chico Mine · goldTonnes: 122500Grade: 8.1Grade Unit: g/tContained Metal: 31.9Contained Unit: kozView all detailsHide details
Identity
- Project
- São Chico Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:5e37a1a90b5bff3a949a
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 122500
- Grade
- 8.1
- Grade Unit
- g/t
- Contained Metal
- 31.9
- Contained Unit
- koz
- Cutoff Grade
- 3.32
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for São Chico Mine is high-grade (8.1 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“122.5”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
indicatedSão Chico Mine · goldTonnes: 28500Grade: 7.1Grade Unit: g/tContained Metal: 6.5Contained Unit: kozView all detailsHide details
Identity
- Project
- São Chico Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:bdbdd7f840e9976783ae
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 28500
- Grade
- 7.1
- Grade Unit
- g/t
- Contained Metal
- 6.5
- Contained Unit
- koz
- Cutoff Grade
- 3.32
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for São Chico Mine is high-grade (7.1 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“28.5”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
indicatedSão Chico Mine · goldTonnes: 150900Grade: 7.9Grade Unit: g/tContained Metal: 38.4Contained Unit: kozView all detailsHide details
Identity
- Project
- São Chico Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:b46f75fe8409f18652f0
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 150900
- Grade
- 7.9
- Grade Unit
- g/t
- Contained Metal
- 38.4
- Contained Unit
- koz
- Cutoff Grade
- 3.32
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated Resource for São Chico Mine is high-grade (7.9 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“150.9”
Context: Measured and Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredSão Chico Mine · goldTonnes: 8200Grade: 6.5Grade Unit: g/tContained Metal: 1.7Contained Unit: kozView all detailsHide details
Identity
- Project
- São Chico Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:67bda72f5ba9f4b82c22
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8200
- Grade
- 6.5
- Grade Unit
- g/t
- Contained Metal
- 1.7
- Contained Unit
- koz
- Cutoff Grade
- 3.32
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2023-07-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for São Chico Mine is high-grade (6.5 g/t Au) but is unchanged from a prior estimate, indicating low novelty for this specific component.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“8.2”
Context: Inferred
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
measuredPalito Complex · goldTonnes: 937700Grade: 10.2Grade Unit: g/tContained Metal: 307Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:eed08f46401b13b2a4b5
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 937700
- Grade
- 10.2
- Grade Unit
- g/t
- Contained Metal
- 307
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for Palito Complex is high-grade (10.2 g/t Au) and represents a high confidence category, contributing to the updated resource base.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“937.7”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Complex · goldTonnes: 488300Grade: 7.6Grade Unit: g/tContained Metal: 120Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:6fa23d7f5431e85ba1d4
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 488300
- Grade
- 7.6
- Grade Unit
- g/t
- Contained Metal
- 120
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for Palito Complex is high-grade (7.6 g/t Au) and adds to the confidence of the resource base.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“488.3”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Complex · goldTonnes: 1425500Grade: 9.3Grade Unit: g/tContained Metal: 427Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:ed457338472cddeada29
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1425500
- Grade
- 9.3
- Grade Unit
- g/t
- Contained Metal
- 427
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated Resource for Palito Complex shows a strong grade of 9.3 g/t Au and contributes to the overall resource confidence.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“1,425.5”
Context: Measured and Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalito Complex · goldTonnes: 752000Grade: 6.6Grade Unit: g/tContained Metal: 158.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Complex
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:d069f23d9890776061f7
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 752000
- Grade
- 6.6
- Grade Unit
- g/t
- Contained Metal
- 158.3
- Contained Unit
- koz
- Cutoff Grade
- 2.73
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for Palito Complex is high-grade (6.6 g/t Au) and adds to the potential resource base, though with lower confidence.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
Evidence · table
“752.0”
Context: Inferred
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCoringa Mine · goldTonnes: 358200Grade: 11.2Grade Unit: g/tContained Metal: 129.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:39b47ff31415d856c44b
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 358200
- Grade
- 11.2
- Grade Unit
- g/t
- Contained Metal
- 129.4
- Contained Unit
- koz
- Cutoff Grade
- 1.94
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for Coringa Mine shows exceptional grade (11.2 g/t Au) and significant growth compared to prior estimates, indicating a very positive update.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“358.2”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCoringa Mine · goldTonnes: 702100Grade: 7.7Grade Unit: g/tContained Metal: 174.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:86400670f20fa9145ab4
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 702100
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 174.4
- Contained Unit
- koz
- Cutoff Grade
- 1.94
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for Coringa Mine shows strong grade (7.7 g/t Au) and significant growth compared to prior estimates, indicating a very positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“702.1”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCoringa Mine · goldTonnes: 1060300Grade: 8.9Grade Unit: g/tContained Metal: 303.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:d791d04f760f9c99835b
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1060300
- Grade
- 8.9
- Grade Unit
- g/t
- Contained Metal
- 303.8
- Contained Unit
- koz
- Cutoff Grade
- 1.94
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured and Indicated Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, making it a highly material and positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“1,060.3”
Context: Measured and Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCoringa Mine · goldTonnes: 1754700Grade: 8.8Grade Unit: g/tContained Metal: 495Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:770922d12ab29c47f8b6
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1754700
- Grade
- 8.8
- Grade Unit
- g/t
- Contained Metal
- 495
- Contained Unit
- koz
- Cutoff Grade
- 1.94
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, indicating significant future potential.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“1,754.7”
Context: Inferred
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredConsolidated Palito Complex & Coringa Mine · goldTonnes: 1295400Grade: 10.5Grade Unit: g/tContained Metal: 436.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Palito Complex & Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:84337a3e4c081655200f
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1295400
- Grade
- 10.5
- Grade Unit
- g/t
- Contained Metal
- 436.4
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The consolidated Measured Resource shows a high grade of 10.5 g/t Au and significant growth, contributing to the overall positive resource update.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1,295.4”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedConsolidated Palito Complex & Coringa Mine · goldTonnes: 1190400Grade: 7.7Grade Unit: g/tContained Metal: 294.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Palito Complex & Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:191676e54ec9863e6958
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1190400
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 294.4
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The consolidated Indicated Resource shows a strong grade of 7.7 g/t Au and significant growth, contributing to the overall positive resource update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1,190.4”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedConsolidated Palito Complex & Coringa Mine · goldTonnes: 2485800Grade: 9.1Grade Unit: g/tContained Metal: 730.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Palito Complex & Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:3987e773b4a392ea023a
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2485800
- Grade
- 9.1
- Grade Unit
- g/t
- Contained Metal
- 730.8
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The consolidated Measured and Indicated Resource shows a strong grade of 9.1 g/t Au and significant growth in contained metal, making it a highly material and positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“2,485.8”
Context: Measured and Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredConsolidated Palito Complex & Coringa Mine · goldTonnes: 2506700Grade: 8.1Grade Unit: g/tContained Metal: 653.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Palito Complex & Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:25b4ae783483ada13372
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2506700
- Grade
- 8.1
- Grade Unit
- g/t
- Contained Metal
- 653.3
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The consolidated Inferred Resource shows a strong grade of 8.1 g/t Au and significant growth in contained metal, indicating substantial future potential.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“2,506.7”
Context: Inferred
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
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenPalito Mine · goldTonnes: 607000Grade: 6.6Grade Unit: g/tContained Metal: 129Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:8f6ef80eef68ad0c941b
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 607000
- Grade
- 6.6
- Grade Unit
- g/t
- Contained Metal
- 129
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Proven Reserve for Palito Mine shows significant tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a positive update.
Positive factors
- Proven Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“607”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Mine · goldTonnes: 485000Grade: 5.4Grade Unit: g/tContained Metal: 84Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:b2bc87a7b8ccbcbd2381
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 485000
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 84
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Probable Reserve for Palito Mine shows significant tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a positive update.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“485”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Mine · goldTonnes: 1093000Grade: 6.1Grade Unit: g/tContained Metal: 213Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:7e774a28b7c52b7fff56
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1093000
- Grade
- 6.1
- Grade Unit
- g/t
- Contained Metal
- 213
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The total Proven & Probable Reserves for Palito Mine show exceptional tonnage and contained metal growth compared to the prior estimate, despite a grade decrease, indicating a highly material update.
Positive factors
- Probable Reserve
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“1,093”
Context: Proven & Probable Reserves
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenPalito Mine · goldTonnes: 422000Grade: 7.7Grade Unit: g/tContained Metal: 104Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:92461db47b81cb1e7a46
- Ownership percent
- 100 %
Resource Data
- Category
- proven
- Tonnes
- 422000
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 104
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Proven Reserve for Palito Mine, provided for comparison purposes.
Evidence · table
“422”
Context: Proven
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Mine · goldTonnes: 224000Grade: 6Grade Unit: g/tContained Metal: 43Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:6d84df7bd53b91afc060
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 224000
- Grade
- 6
- Grade Unit
- g/t
- Contained Metal
- 43
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Probable Reserve for Palito Mine, provided for comparison purposes.
Evidence · table
“224”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probablePalito Mine · goldTonnes: 646000Grade: 7.1Grade Unit: g/tContained Metal: 147Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:feb0b4d1eb38e4c68741
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 646000
- Grade
- 7.1
- Grade Unit
- g/t
- Contained Metal
- 147
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Proven & Probable Reserve for Palito Mine, provided for comparison purposes.
Evidence · table
“646”
Context: Proven & Probable Reserves
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredPalito Mine · goldTonnes: 815000Grade: 10.5Grade Unit: g/tContained Metal: 275Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:eb2cd24f07c22120620d
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 815000
- Grade
- 10.5
- Grade Unit
- g/t
- Contained Metal
- 275
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for Palito Mine shows tonnage and contained metal growth compared to the prior estimate, despite a slight grade decrease, indicating a positive update.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“815”
Context: Measured Resources
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 460000Grade: 7.7Grade Unit: g/tContained Metal: 114Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:ac979a4463983e2da0ef
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 460000
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 114
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for Palito Mine shows strong tonnage and contained metal growth compared to the prior estimate, with grade maintained, indicating a positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“460”
Context: Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 1275000Grade: 9.5Grade Unit: g/tContained Metal: 389Contained Unit: kozView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:2f1acf24309c78627439
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1275000
- Grade
- 9.5
- Grade Unit
- g/t
- Contained Metal
- 389
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured & Indicated Resource for Palito Mine shows strong tonnage and contained metal growth compared to the prior estimate, despite a slight grade decrease, indicating a material update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“1,275”
Context: Measured & Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalito Mine · goldTonnes: 744000Grade: 6.5Grade Unit: g/tContained Metal: 157Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:3051e905d67c2bf8b1cd
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 744000
- Grade
- 6.5
- Grade Unit
- g/t
- Contained Metal
- 157
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for Palito Mine shows tonnage growth but a decrease in grade and contained metal compared to the prior estimate, indicating a mixed update.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- Tonnage Growth
Negative factors
- Grade Decline
- Contained Metal Decline
Evidence · table
“744”
Context: Inferred Resources
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
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredPalito Mine · goldTonnes: 769000Grade: 10.8Grade Unit: g/tContained Metal: 267Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:8aa29e8adfa900166ecf
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 769000
- Grade
- 10.8
- Grade Unit
- g/t
- Contained Metal
- 267
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Measured Resource for Palito Mine, provided for comparison purposes.
Evidence · table
“769”
Context: Measured Resources
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 333000Grade: 7.7Grade Unit: g/tContained Metal: 83Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:62e7cb7b76e4aaad4f2a
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 333000
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 83
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Indicated Resource for Palito Mine, provided for comparison purposes.
Evidence · table
“333”
Context: Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedPalito Mine · goldTonnes: 1102000Grade: 9.9Grade Unit: g/tContained Metal: 350Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:8f8a4ed7e5ca131defae
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1102000
- Grade
- 9.9
- Grade Unit
- g/t
- Contained Metal
- 350
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Measured & Indicated Resource for Palito Mine, provided for comparison purposes.
Evidence · table
“1,102”
Context: Measured & Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPalito Mine · goldTonnes: 682000Grade: 7.4Grade Unit: g/tContained Metal: 162Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Palito Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:90cbd0fb311a9f4b56ae
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 682000
- Grade
- 7.4
- Grade Unit
- g/t
- Contained Metal
- 162
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-03-30
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-30T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Inferred Resource for Palito Mine, provided for comparison purposes.
Evidence · table
“682”
Context: Inferred Resources
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
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCoringa Mine · goldTonnes: 358000Grade: 11.2Grade Unit: g/tContained Metal: 129Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:4fd529404db231653b54
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 358000
- Grade
- 11.2
- Grade Unit
- g/t
- Contained Metal
- 129
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Measured Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal compared to the prior estimate, indicating a very positive update.
Positive factors
- Measured Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“358”
Context: Measured Resources
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCoringa Mine · goldTonnes: 702000Grade: 7.7Grade Unit: g/tContained Metal: 174Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:baf88c5a0f1027d184c6
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 702000
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 174
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Indicated Resource for Coringa Mine shows strong growth in tonnage, grade, and contained metal compared to the prior estimate, indicating a very positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“702”
Context: Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCoringa Mine · goldTonnes: 1060000Grade: 8.9Grade Unit: g/tContained Metal: 304Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:2218f6e448aeafdec689
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1060000
- Grade
- 8.9
- Grade Unit
- g/t
- Contained Metal
- 304
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The combined Measured & Indicated Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, making it a highly material and positive update.
Positive factors
- Indicated Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“1,060”
Context: Measured & Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCoringa Mine · goldTonnes: 1755000Grade: 8.8Grade Unit: g/tContained Metal: 495Contained Unit: kozView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:5ab56594337b624ccb11
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1755000
- Grade
- 8.8
- Grade Unit
- g/t
- Contained Metal
- 495
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-31
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: The Inferred Resource for Coringa Mine shows exceptional growth in tonnage, grade, and contained metal, indicating significant future potential.
Positive factors
- Inferred Resource
- QP/CP Signed
- NI 43-101 Compliant
- High Grade
- Tonnage Growth
- Contained Metal Growth
- Grade Improvement
Evidence · table
“1,755”
Context: Inferred Resources
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
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCoringa Mine · goldTonnes: 172000Grade: 9Grade Unit: g/tContained Metal: 49Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:727fd5ec3ca0b143041b
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 172000
- Grade
- 9
- Grade Unit
- g/t
- Contained Metal
- 49
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-04-16
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Measured Resource for Coringa Mine, provided for comparison purposes.
Evidence · table
“172”
Context: Measured Resources
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
indicatedCoringa Mine · goldTonnes: 623000Grade: 6.5Grade Unit: g/tContained Metal: 130Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:41188d7f306d6b1b28f3
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 623000
- Grade
- 6.5
- Grade Unit
- g/t
- Contained Metal
- 130
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-04-16
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Indicated Resource for Coringa Mine, provided for comparison purposes.
Evidence · table
“623”
Context: Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
indicatedCoringa Mine · goldTonnes: 795000Grade: 7Grade Unit: g/tContained Metal: 179Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:0decd102fddf2d068c1d
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 795000
- Grade
- 7
- Grade Unit
- g/t
- Contained Metal
- 179
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-04-16
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Measured & Indicated Resource for Coringa Mine, provided for comparison purposes.
Evidence · table
“795”
Context: Measured & Indicated Resources
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
inferredCoringa Mine · goldTonnes: 1454000Grade: 5.8Grade Unit: g/tContained Metal: 271Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Coringa Mine
- Commodity
- gold
- Ticker
- SBI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101, other
- QP Signed
- Yes
- Qualified person names
- Carlos Guzman, Nicolas Fuster, Michael Hodgson
- Resource group id
- resource:c6db18ff78bbc140cf31
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1454000
- Grade
- 5.8
- Grade Unit
- g/t
- Contained Metal
- 271
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2024-04-16
Lab
- Laboratory
- Palito laboratory and ALS laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-04-28T00:00:00.000Z
Reasoning: This is a historical Inferred Resource for Coringa Mine, provided for comparison purposes.
Evidence · table
“1,454”
Context: Inferred Resources
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
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.