# Roxmore Resources Announces a Positive Preliminary Economic Assessment for the Converse Gold Project in Nevada Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c--dd228988-d9a2-4e27-a897-c4e82e167f32 Original source: https://money.tmx.com/en/quote/RM/news/7878490925687044/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c Publisher: tmx Original announcement: 2026-04-20T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Roxmore Resources Inc. - Ticker: RM - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-08-26 06:38:13 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Roxmore Resources has released a positive Preliminary Economic Assessment \(PEA\) for the Converse Gold Project in Nevada, projecting an after-tax NPV5% of US$2.7 billion and an IRR of 43%. The project features a 14-year life of mine based on a 5.2 million ounce gold resource \(Indicated and Inferred\) and will utilize a conventional open-pit heap leach operation. Reasoning: The announcement of a positive PEA with strong economics and a large, multi-million ounce gold resource in Nevada is highly material for a developer. - Positive factor: Strong economic indicators \(NPV5% of $2.7B, 43% IRR\) - Positive factor: Large scale resource \(5.2 Moz Au total\) - Positive factor: Tier 1 jurisdiction \(Nevada\) - Positive factor: Proven heap leach amenability - Positive factor: Significant M&I component \(103 Mt Indicated\) - Negative factor: High capital requirements \($829M pre-production\) - Negative factor: Significant Inferred component \(218 Mt\) - Negative factor: Silver not included in MRE due to data gaps Facts used in scoring: 4 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE includes 103 Mt of Indicated gold resource. Evidence · text > Indicated Mineral Resource estimate \("MRE"\) of 103 million tonnes \(Mt\) at an average gold grade of 0.65 g/t **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The MRE includes 218 Mt of Inferred gold resource. Evidence · text > Inferred Mineral Resource estimate of 218 Mt at an average gold grade of 0.43 g/t **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA was prepared in accordance with NI 43-101 standards. Evidence · text > The PEA was prepared in accordance with the disclosure standards of NI 43-101. **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: The project envisages an open pit heap-leach mine. Evidence · text > The PEA envisages an open pit heap-leach mine **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Multiple Qualified Persons \(April Barrios, Caleb Cook, etc.\) are named and responsible for specific sections. Evidence · text > The scientific and technical information contained in this news release has been reviewed and approved by the following independent Qualified Persons ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c--dd228988-d9a2-4e27-a897-c4e82e167f32#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: RM #### Resource Data - Category: indicated - Tonnes: 103000000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 2162000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Significant indicated resource component for a gold project. - Positive factor: Large tonnage - Positive factor: Indicated classification Evidence · text > Indicated Mineral Resource estimate \("MRE"\) of 103 million tonnes \(Mt\) at an average gold grade of 0.65 g/t, containing 2.16 million ounces \(Moz\) Au ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c--dd228988-d9a2-4e27-a897-c4e82e167f32#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: RM #### Resource Data - Category: inferred - Tonnes: 218000000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 3035000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Large scale but higher geological risk due to inferred classification. - Positive factor: Large scale - Negative factor: Speculative category Evidence · text > Inferred Mineral Resource estimate of 218 Mt at an average gold grade of 0.43 g/t containing 3.04 Moz Au ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c--dd228988-d9a2-4e27-a897-c4e82e167f32#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: RM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Standard recovery for a heap leach operation. - Positive factor: Amenable to heap leach Evidence · text > LOM Recoveries: average 70.9% across all material types ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/roxmore-resources-announces-a-positive-preliminary-economic-assessment-for-the-c--dd228988-d9a2-4e27-a897-c4e82e167f32#fact-resource-facts-3) gold #### Identity - Commodity: gold - Ticker: RM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-20T00:00:00.000Z Reasoning: Demonstrates high intrinsic leach kinetics if milling is applied. - Positive factor: High recovery potential via milling - Negative factor: Requires finer grind than heap leach Evidence · text > gold recoveries in the mid-90% range are achievable ## 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.