# Selkirk Copper Announces Positive PEA for the Minto Project, Delivering After-Tax NPV of C$494M with 48% IRR Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066 Original source: https://orestocks.com/company/SCMI.V/press-releases/6638301159061344 Publisher: orestocks Original announcement: 2026-09-22T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T12:18:46.689Z Atlas analysis updated: 2026-09-22T12:18:46.689Z - Company: Selkirk Copper Mines Inc. - Ticker: SCMI.V - Exchange: Unavailable - Region: Yukon, Canada - Primary commodity: Copper - Secondary commodities: Gold, Silver - Document categories: Resource update, Production, Metallurgy - Extracted: 2026-09-22 12:18:47 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Selkirk Copper announced a positive Preliminary Economic Assessment \(PEA\) for its Minto Project, outlining robust after-tax economics with a C$494 million NPV7% and a 47.8% IRR at planning prices. The study highlights a 13-year mine life, leveraging existing infrastructure for a low-cost restart and targeting first concentrate production by H2 2028. The PEA is underpinned by a 2026 Mineral Resource Estimate showing significant increases in contained copper, gold, and silver, with further upside expected from an ongoing drill program. Reasoning: The Preliminary Economic Assessment demonstrates robust economics for the Minto Project restart, driven by significant resource growth, existing infrastructure, and strong metallurgical performance, positioning the company for potential concentrate production by H2 2028. While the PEA includes inferred resources, the overall outlook is highly positive. - Positive factor: Robust after-tax NPV and IRR at planning prices - Positive factor: Leveraging existing infrastructure for capital efficiency - Positive factor: Significant increase in Measured & Indicated Resources and contained metals - Positive factor: High-grade copper-gold-silver concentrate with negligible deleterious elements - Positive factor: Short after-tax payback period of 1.9 years - Positive factor: Exploration upside potential beyond current study - Positive factor: Positive metallurgical recoveries for copper, gold, and silver - Positive factor: Strong community and government engagement for permitting - Negative factor: PEA includes Inferred Mineral Resources, which are speculative - Negative factor: Project economics are sensitive to commodity prices and CAD:USD exchange rate - Negative factor: Timely delivery of several scopes of work required for restart plan Facts used in scoring: 27 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("concentrator"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 24. Some facts used in scoring do not have a stored record. ## Resource Estimates (21) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-0) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:ddd9d3dcc00d0764b289 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 21779000 - Grade: 0.59 - Grade Unit: % - Contained Metal: 283 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated open pit copper resource contributes significantly to the overall project, demonstrating good confidence and scale. - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained metal for open pit - Positive factor: Part of a larger resource update with substantial growth Evidence · table > 0.59 Context: 21,779 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 21,779 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-1) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:ddd9d3dcc00d0764b289 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 21779000 - Grade: 0.17 - Grade Unit: g/t - Contained Metal: 122 - Contained Unit: koz - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated open pit gold resource adds value as a byproduct to the copper mineralization. - Positive factor: Indicated resource category provides good confidence - Positive factor: Contributes to overall project economics as a byproduct Evidence · table > 0.17 Context: 21,779 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 21,779 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-2) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:ddd9d3dcc00d0764b289 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 21779000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 1294 - Contained Unit: koz - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated open pit silver resource adds value as a byproduct to the copper mineralization. - Positive factor: Indicated resource category provides good confidence - Positive factor: Contributes to overall project economics as a byproduct Evidence · table > 1.8 Context: 21,779 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 21,779 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-3) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5a09bbc0d3862d6cacd1 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 7052000 - Grade: 0.55 - Grade Unit: % - Contained Metal: 85 - Contained Unit: mlbs - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred open pit copper resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.55 Context: 7,052 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 7,052 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-4) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5a09bbc0d3862d6cacd1 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 7052000 - Grade: 0.13 - Grade Unit: g/t - Contained Metal: 30 - Contained Unit: koz - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred open pit gold resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.13 Context: 7,052 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 7,052 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-5) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5a09bbc0d3862d6cacd1 - Deposit or zone: Open Pit - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 7052000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 354 - Contained Unit: koz - Cutoff Grade: 30 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred open pit silver resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 1.6 Context: 7,052 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 7,052 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-6) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:9a6761c3c2791fe6185a - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: measured - Tonnes: 348000 - Grade: 0.92 - Grade Unit: % - Contained Metal: 7 - Contained Unit: mlbs - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This measured underground copper resource provides high confidence for a portion of the project. - Positive factor: Highest confidence category - Positive factor: Contributes to overall resource base Evidence · table > 0.92 Context: 348 #### Tags used in scoring **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-7) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:9a6761c3c2791fe6185a - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: measured - Tonnes: 348000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 4 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This measured underground gold resource provides high confidence for a portion of the project. - Positive factor: Highest confidence category - Positive factor: Contributes to overall resource base Evidence · table > 0.39 Context: 348 #### Tags used in scoring **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-8) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:9a6761c3c2791fe6185a - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: measured - Tonnes: 348000 - Grade: 3.3 - Grade Unit: g/t - Contained Metal: 36 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This measured underground silver resource provides high confidence for a portion of the project. - Positive factor: Highest confidence category - Positive factor: Contributes to overall resource base Evidence · table > 3.3 Context: 348 #### Tags used in scoring **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-9) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5353c61abcea30d2e7a5 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 25679000 - Grade: 1.15 - Grade Unit: % - Contained Metal: 650 - Contained Unit: mlbs - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated underground copper resource contributes significantly to the overall project, demonstrating good confidence and scale. - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained metal for underground - Positive factor: Part of a larger resource update with substantial growth Evidence · table > 1.15 Context: 25,679 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 25,679 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-10) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5353c61abcea30d2e7a5 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 25679000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 404 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated underground gold resource adds significant value as a byproduct to the copper mineralization. - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained metal for underground - Positive factor: Contributes to overall project economics as a byproduct Evidence · table > 0.49 Context: 25,679 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 25,679 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-11) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:5353c61abcea30d2e7a5 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 25679000 - Grade: 4.4 - Grade Unit: g/t - Contained Metal: 3638 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This indicated underground silver resource adds significant value as a byproduct to the copper mineralization. - Positive factor: Indicated resource category provides good confidence - Positive factor: Significant contained metal for underground - Positive factor: Contributes to overall project economics as a byproduct Evidence · table > 4.4 Context: 25,679 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 25,679 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-12) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:a218a56f4bec782ee231 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 9812000 - Grade: 0.91 - Grade Unit: % - Contained Metal: 196 - Contained Unit: mlbs - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred underground copper resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.91 Context: 9,812 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9,812 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-13) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:a218a56f4bec782ee231 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 9812000 - Grade: 0.36 - Grade Unit: g/t - Contained Metal: 112 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred underground gold resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.36 Context: 9,812 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9,812 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-14) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:a218a56f4bec782ee231 - Deposit or zone: UG - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 9812000 - Grade: 3.5 - Grade Unit: g/t - Contained Metal: 1113 - Contained Unit: koz - Cutoff Grade: 80 - Cutoff Unit: CDN$ #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred underground silver resource provides future potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence Evidence · table > 3.5 Context: 9,812 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 9,812 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-15) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:bde1ca9a476392391c62 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 47806000 - Grade: 0.89 - Grade Unit: % - Contained Metal: 940 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured & Indicated copper resource shows substantial growth and forms a strong basis for the PEA. - Positive factor: Significant increase in contained copper \(182%\) - Positive factor: Indicated resource category provides good confidence - Positive factor: Large overall resource base Evidence · table > 0.89 Context: 47,806 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The total resource is classified as Measured + Indicated, which is extracted as Indicated, indicating reasonable geological confidence. Evidence · table > Meas + Ind Context: 47,806 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-16) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:bde1ca9a476392391c62 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 47806000 - Grade: 0.34 - Grade Unit: g/t - Contained Metal: 530 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured & Indicated gold resource shows substantial growth and forms a strong basis for the PEA. - Positive factor: Significant increase in contained gold \(184%\) - Positive factor: Indicated resource category provides good confidence - Positive factor: Large overall resource base Evidence · table > 0.34 Context: 47,806 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The total resource is classified as Measured + Indicated, which is extracted as Indicated, indicating reasonable geological confidence. Evidence · table > Meas + Ind Context: 47,806 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-17) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:bde1ca9a476392391c62 - Mining method: combined #### Resource Data - Category: indicated - Tonnes: 47806000 - Grade: 3.2 - Grade Unit: g/t - Contained Metal: 4969 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured & Indicated silver resource shows substantial growth and forms a strong basis for the PEA. - Positive factor: Significant increase in contained silver \(188%\) - Positive factor: Indicated resource category provides good confidence - Positive factor: Large overall resource base Evidence · table > 3.2 Context: 47,806 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The total resource is classified as Measured + Indicated, which is extracted as Indicated, indicating reasonable geological confidence. Evidence · table > Meas + Ind Context: 47,806 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-18) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:e9bf99105da9ee7132b4 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 16865000 - Grade: 0.76 - Grade Unit: % - Contained Metal: 281 - Contained Unit: mlbs #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total inferred copper resource provides future potential but has lower confidence and is included in the PEA economics. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence - Negative factor: PEA includes inferred resources, which are speculative Evidence · table > 0.76 Context: 16,865 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The total resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 16,865 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-19) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:e9bf99105da9ee7132b4 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 16865000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 142 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total inferred gold resource provides future potential but has lower confidence and is included in the PEA economics. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence - Negative factor: PEA includes inferred resources, which are speculative Evidence · table > 0.26 Context: 16,865 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The total resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 16,865 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-resource-facts-20) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Resource scope - Estimate type: resource - Effective date: 2026-06-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Sue Bird, Scott Fulton - Resource group id: resource:e9bf99105da9ee7132b4 - Mining method: combined #### Resource Data - Category: inferred - Tonnes: 16865000 - Grade: 2.7 - Grade Unit: g/t - Contained Metal: 1467 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-10 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total inferred silver resource provides future potential but has lower confidence and is included in the PEA economics. - Positive factor: Adds to overall resource base - Positive factor: Potential for future upgrade - Negative factor: Inferred category has lower geological confidence - Negative factor: PEA includes inferred resources, which are speculative Evidence · table > 2.7 Context: 16,865 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The total resource is classified as Inferred, indicating lower geological confidence. Evidence · table > Inferred Context: 16,865 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## Metallurgical Results (3) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-metallurgical-facts-21) Minto Project · copper #### Identity - Project: Minto Project - Commodity: copper - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, grinding, gravity, flotation, thickening, drying, filtration #### Recovery - Recovery: 88.7 % - Recovery Basis: actual\_test - Head Grade: 1.07 - Head Grade Unit: % - Conc. Grade: 38 - Conc. Grade Unit: % #### Lab - Laboratory: Blue Coast Research - Consultant: Hatch Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The estimated copper recovery of 88.7% and high concentrate grade are strong for the flotation processing route, contributing positively to project economics. - Positive factor: High copper recovery for flotation - Positive factor: High concentrate grade - Positive factor: Negligible deleterious elements Evidence · table > 88.7 Context: Copper #### Tags used in scoring **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-metallurgical-facts-22) Minto Project · gold #### Identity - Project: Minto Project - Commodity: gold - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, grinding, gravity, flotation, thickening, drying, filtration #### Recovery - Recovery: 84.6 % - Recovery Basis: actual\_test - Head Grade: 0.46 - Head Grade Unit: g/t - Conc. Grade: 15 - Conc. Grade Unit: g/t #### Lab - Laboratory: Blue Coast Research - Consultant: Hatch Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The estimated gold recovery of 84.6% and high concentrate grade are strong, contributing positively to project economics as a byproduct. - Positive factor: Strong gold recovery - Positive factor: High concentrate grade - Positive factor: Negligible deleterious elements Evidence · table > 84.6 Context: Gold #### Tags used in scoring **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/selkirk-copper-announces-positive-pea-for-the-minto-project-delivering-after-tax--b696765f-0e31-416f-9261-6b3bde38d066#fact-metallurgical-facts-23) Minto Project · silver #### Identity - Project: Minto Project - Commodity: silver - Region: canada\_yt - Reported Region: Yukon, Canada - Ticker: SCMI.V #### Test Work - Program Status: detailed - Test Type: flotation - Processing Route: crushing, grinding, gravity, flotation, thickening, drying, filtration #### Recovery - Recovery: 77.3 % - Recovery Basis: actual\_test - Head Grade: 4 - Head Grade Unit: g/t - Conc. Grade: 125 - Conc. Grade Unit: g/t #### Lab - Laboratory: Blue Coast Research - Consultant: Hatch Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The estimated silver recovery of 77.3% and high concentrate grade are good, contributing positively to project economics as a byproduct. - Positive factor: Good silver recovery - Positive factor: High concentrate grade - Positive factor: Negligible deleterious elements Evidence · table > 77.3 Context: Silver #### Tags used in scoring **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## 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.