Silver X Increases Measured and Indicated Resources 173% to 10.4 Mt at 213 g/t AgEq (70.8 Moz AgEq) and Inferred Resources 43% to 21.6 Mt at 252 g/t AgEq (180.9 Moz AgEq)
Original announcement by orestocks on
- Company
- SILVER X MINING CORP.
- Ticker
- AGX.V
- Exchange
- Unavailable
- Region
- Peru
- Primary commodity
- Silver
- Secondary commodities
- Lead, Zinc
- Document categories
- Resource update
- Extracted
- 2026-09-22 12:11:33 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Silver X Mining Corp. announced a significant update to the Mineral Resource Estimate for its Nueva Recuperada Project in Peru, effective August 31, 2026. The update nearly tripled Measured and Indicated (M&I) silver ounces by 211% to 41.8 Moz (10.4 Mt at 125 g/t Ag) and increased M&I AgEq ounces by 117% to 70.8 Moz (10.4 Mt at 213 g/t AgEq). Inferred resources also grew by 43% in tonnage to 21.6 Mt at 252 g/t AgEq (180.9 Moz AgEq). The update includes a new bulk tonnage resource at Blenda Rubia and highlights the high-grade Red Silver Mining Unit, substantially increasing the geological confidence for the project's 2025 PEA mining inventory.
Reasoning: The updated Mineral Resource Estimate shows substantial growth in both Measured & Indicated and Inferred resources, particularly tripling M&I silver ounces, driven by new estimates at key mining units and a new bulk tonnage resource, significantly de-risking the project and strengthening the PEA. The Measured category is 0.0 Mt, meaning all M&I is Indicated, and a significant portion of the total resource remains Inferred.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
- Maiden Resource
- PEA-Supporting
Negative factors
- All Inferred
Facts used in scoring: 23
Classification and evidence
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Measured and Indicated tonnage increased 173% from 3.8 Mt to 10.4 Mt, and Measured and Indicated silver ounces increased 211% from 13.4 Moz to 41.8 Moz, significantly improving resource confidence.
Evidence · text
“Measured and Indicated tonnage up 173%, from 3.8 to 10.4 million tonnes, containing 70.8 million ounces AgEq, up 117% from 32.5 million ounces.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Measured and Indicated tonnage increased 173% from 3.8 Mt to 10.4 Mt, and Inferred tonnage increased 43% from 15.1 Mt to 21.6 Mt.
Evidence · text
“Measured and Indicated tonnage up 173%, from 3.8 to 10.4 million tonnes... Inferred tonnage up 43%, from 15.1 to 21.6 million tonnes”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Measured and Indicated silver ounces increased 211% from 13.4 Moz to 41.8 Moz, and M&I AgEq ounces increased 117% from 32.5 Moz to 70.8 Moz.
Evidence · text
“Measured and Indicated silver up 211%, from 13.4 to 41.8 million ounces, and Inferred silver of 120.1 million ounces.”
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 updated Mineral Resource Estimate was prepared by Mr. A. David Heyl, B.Sc., C.P.G, a qualified person as defined by NI 43-101, who has reviewed and approved the technical content.
Evidence · text
“The updated Mineral Resource Estimate, with an effective date of August 31, 2026, was prepared by Mr. A. David Heyl, B.Sc., C.P.G, a qualified person as defined by NI 43-101, who has reviewed and approved the technical content of this news release for Silver X.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The updated Mineral Resource Estimate was prepared by a qualified person as defined by NI 43-101 and is reported in accordance with CIM Definition Standards (2014).
Evidence · text
“The updated Mineral Resource Estimate, with an effective date of August 31, 2026, was prepared by Mr. A. David Heyl, B.Sc., C.P.G, a qualified person as defined by NI 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Resources are reported using an NSR cutoff of US$60/t, which is clearly stated.
Evidence · text
“The August 31, 2026 estimates use an NSR cutoff of US$60/t”
Metal Equivalent Opaquepositive · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: Metal equivalent is calculated using 36-month trailing average metal prices and metallurgical recoveries, which are fully disclosed.
Evidence · text
“Silver equivalent is calculated using 36-month trailing average metal prices of US$41.86/oz Ag, US$3,179/oz Au, US$10,230/t Cu, US$2,009/t Pb and US$2,925/t Zn and metallurgical recoveries of 83% Ag, 60% Au, 80% Cu, 86% Pb and 84% Zn.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Blenda Rubia vein within the Plata Mining Unit is described as a 'new bulk tonnage resource'.
Evidence · text
“including a new bulk tonnage resource at the Blenda Rubia vein ("BR") within the Plata Mining Unit.”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: Measured and Indicated resources now represent approximately 85% of the 12.25 million tonne mining inventory underpinning the 14-year mine plan in the Company's 2025 Preliminary Economic Assessment, up from 31%.
Evidence · text
“Measured and Indicated resources now represent approximately 85% of the 12.25 million tonne mining inventory underpinning the 14-year mine plan in the Company's 2025 Preliminary Economic Assessment ("PEA"), up from 31%.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports 21.6 million tonnes at 252 g/t AgEq (180.9 Moz AgEq) in the Inferred category, which is a speculative category with lower geological confidence.
Evidence · text
“Inferred resources total 21.6 million tonnes containing 180.9 million ounces AgEq”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Measured category for the overall project is reported as 0.0 Mt, indicating that all Measured and Indicated resources are currently in the Indicated category.
Evidence · table
“0.0”
Context: Measured
Extracted facts
Stored fact records: 23. Some facts used in scoring do not have a stored record.
Resource Estimates (23)
indicatedNueva Recuperada · silverTonnes: 10400000Grade: 41.8Grade Unit: mozContained Metal: 41.8Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:fb58b0bffde09543fc45
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10400000
- Grade
- 41.8
- Grade Unit
- moz
- Contained Metal
- 41.8
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 3800000
- Prior Contained Metal
- 13.4
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 213
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated silver resource for the Nueva Recuperada Project shows significant growth in tonnage and contained silver, substantially de-risking the project and strengthening the PEA. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
- PEA-Supporting
Evidence · table
“41.8”
Context: 10.4
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 10400000 against 3800000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 41.8 against 13.4 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada · leadTonnes: 10400000Grade: 166.3Grade Unit: ktContained Metal: 166.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:fb58b0bffde09543fc45
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10400000
- Grade
- 166.3
- Grade Unit
- kt
- Contained Metal
- 166.3
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 3800000
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 213
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated lead resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal, contributing positively to the project's overall economics. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“166.3”
Context: 10.4
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 10400000 against 3800000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada · zincTonnes: 10400000Grade: 175.6Grade Unit: ktContained Metal: 175.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:fb58b0bffde09543fc45
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 10400000
- Grade
- 175.6
- Grade Unit
- kt
- Contained Metal
- 175.6
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 3800000
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 213
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated zinc resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal, contributing positively to the project's overall economics. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“175.6”
Context: 10.4
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 10400000 against 3800000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · silverTonnes: 21600000Grade: 120.1Grade Unit: mozContained Metal: 120.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:c228de0db330a3e7206c
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 21600000
- Grade
- 120.1
- Grade Unit
- moz
- Contained Metal
- 120.1
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 15100000
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 252
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred silver resource for the Nueva Recuperada Project shows significant growth in tonnage and contained silver, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“120.1”
Context: 21.6
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 21600000 against 15100000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · leadTonnes: 21600000Grade: 388.8Grade Unit: ktContained Metal: 388.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:c228de0db330a3e7206c
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 21600000
- Grade
- 388.8
- Grade Unit
- kt
- Contained Metal
- 388.8
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 15100000
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 252
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred lead resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal, contributing positively to the project's overall economics. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“388.8”
Context: 21.6
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 21600000 against 15100000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · zincTonnes: 21600000Grade: 410.4Grade Unit: ktContained Metal: 410.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:c228de0db330a3e7206c
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 21600000
- Grade
- 410.4
- Grade Unit
- kt
- Contained Metal
- 410.4
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
- Prior Tonnes
- 15100000
- Prior Cutoff Grade
- 60
Metal Equivalent
- Metal Eq. Grade
- 252
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred zinc resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal, contributing positively to the project's overall economics. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“410.4”
Context: 21.6
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
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 21600000 against 15100000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada Project · silverTonnes: 520000Grade: 623Grade Unit: g/tContained Metal: 10.4Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:4f2eaf178771c7a407e0
- Deposit or zone
- Red Silver Mining Unit
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 520000
- Grade
- 623
- Grade Unit
- g/t
- Contained Metal
- 10.4
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Red Silver Mining Unit hosts a high-grade Indicated silver resource, contributing significantly to the project's overall value. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
- Bonanza Intercept
Evidence · text
“Red Silver Mining Unit hosts 10.4 Moz of Measured and Indicated silver (0.52 Mt at 623 g/t Ag)”
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · silverTonnes: 3110000Grade: 532Grade Unit: g/tContained Metal: 53.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:38c27f8c0938752fc01d
- Deposit or zone
- Red Silver Mining Unit
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 3110000
- Grade
- 532
- Grade Unit
- g/t
- Contained Metal
- 53.2
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Red Silver Mining Unit hosts a high-grade Inferred silver resource, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
- Bonanza Intercept
Negative factors
- Inferred Resource
Evidence · text
“53.2 Moz of Inferred silver (3.11 Mt at 532 g/t Ag)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada Project · silverTonnes: 5500000Grade: 11.7Grade Unit: mozContained Metal: 11.7Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:f4de95e926d7d4fa3b7d
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 11.7
- Grade Unit
- moz
- Contained Metal
- 11.7
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 112
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated silver resource for the Plata Mining Unit, including the new bulk tonnage resource, contributes significantly to the project's M&I base. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
- Maiden Resource
Evidence · table
“11.7”
Context: 5.5
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada Project · leadTonnes: 5500000Grade: 49.5Grade Unit: ktContained Metal: 49.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:f4de95e926d7d4fa3b7d
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 49.5
- Grade Unit
- kt
- Contained Metal
- 49.5
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 112
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated lead resource for the Plata Mining Unit contributes positively to the project's overall economics. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“49.5”
Context: 5.5
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
indicatedNueva Recuperada Project · zincTonnes: 5500000Grade: 55Grade Unit: ktContained Metal: 55Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:f4de95e926d7d4fa3b7d
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 55
- Grade Unit
- kt
- Contained Metal
- 55
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 112
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated zinc resource for the Plata Mining Unit contributes positively to the project's overall economics. The estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“55.0”
Context: 5.5
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · silverTonnes: 10000000Grade: 24.4Grade Unit: mozContained Metal: 24.4Contained Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:53c4dc5d5c5c124c78ad
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10000000
- Grade
- 24.4
- Grade Unit
- moz
- Contained Metal
- 24.4
- Contained Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 128
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred silver resource for the Plata Mining Unit shows growth and exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“24.4”
Context: 10.0
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · leadTonnes: 10000000Grade: 110Grade Unit: ktContained Metal: 110Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:53c4dc5d5c5c124c78ad
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10000000
- Grade
- 110
- Grade Unit
- kt
- Contained Metal
- 110
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 128
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred lead resource for the Plata Mining Unit shows growth and exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“110.0”
Context: 10.0
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · zincTonnes: 10000000Grade: 120Grade Unit: ktContained Metal: 120Contained Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:53c4dc5d5c5c124c78ad
- Deposit or zone
- Plata Mining Unit
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 10000000
- Grade
- 120
- Grade Unit
- kt
- Contained Metal
- 120
- Contained Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 128
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred zinc resource for the Plata Mining Unit shows growth and exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“120.0”
Context: 10.0
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
measuredNueva Recuperada · silverTonnes: 0Grade: 0Grade Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- silver
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:f86caae66be762c2ecc0
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- moz
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.0”
Context: 0.0
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
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
measuredNueva Recuperada · leadTonnes: 0Grade: 0Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- lead
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:f86caae66be762c2ecc0
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- kt
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.0”
Context: 0.0
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
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
measuredNueva Recuperada · zincTonnes: 0Grade: 0Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- zinc
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:f86caae66be762c2ecc0
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 0
- Grade
- 0
- Grade Unit
- kt
Metal Equivalent
- Metal Eq. Grade
- 0
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.0”
Context: 0.0
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
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · silverTonnes: 32000000Grade: 161.9Grade Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:8266e2029bd9d9a7789a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 32000000
- Grade
- 161.9
- Grade Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 237
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“161.9”
Context: 32.0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · leadTonnes: 32000000Grade: 555.1Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:8266e2029bd9d9a7789a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 32000000
- Grade
- 555.1
- Grade Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 237
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“555.1”
Context: 32.0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada · zincTonnes: 32000000Grade: 586Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:8266e2029bd9d9a7789a
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 32000000
- Grade
- 586
- Grade Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 237
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“586.0”
Context: 32.0
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · silverTonnes: 15500000Grade: 36.1Grade Unit: mozView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:5e84f6535293173bf511
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 15500000
- Grade
- 36.1
- Grade Unit
- moz
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 123
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“36.1”
Context: 15.5
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · leadTonnes: 15500000Grade: 159.5Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:5e84f6535293173bf511
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 15500000
- Grade
- 159.5
- Grade Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 123
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“159.5”
Context: 15.5
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
inferredNueva Recuperada Project · zincTonnes: 15500000Grade: 175Grade Unit: ktView all detailsHide details
Identity
- Project
- Nueva Recuperada Project
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- AGX.V
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- A. David Heyl
- Resource group id
- resource:5e84f6535293173bf511
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 15500000
- Grade
- 175
- Grade Unit
- kt
- Cutoff Grade
- 60
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-08-31
Metal Equivalent
- Metal Eq. Grade
- 123
- Metal Eq. Unit
- g/t AgEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- Bureau Veritas
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred AgEq resource for the Nueva Recuperada Project shows significant growth in tonnage and contained metal equivalent, indicating strong exploration potential. While Inferred, the estimate is NI 43-101 compliant with QP sign-off and disclosed metal equivalent assumptions. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
- Cut-off Disclosed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“175.0”
Context: 15.5
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
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
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.