# Surge Copper Files NI 43-101 Technical Report for the Berg PFS

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859

Original source: https://www.globenewswire.com/news-release/2026/07/30/3335910/0/en/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs.html

Publisher: globenewswire

Original announcement: 2026-07-30T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Surge Copper Corp.

- Ticker: SURG

- Exchange: Unavailable

- Region: British Columbia

- Primary commodity: Copper

- Secondary commodities: Molybdenum, Silver, Gold

- Document categories: Resource update, Metallurgy

- Extracted: 2026-08-20 19:19:31 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Surge Copper has filed a NI 43-101 Technical Report and Pre-Feasibility Study \(PFS\) for the Berg Copper Project in British Columbia. The report details a large-scale reserve base of 1.2 billion tonnes at 0.22% Cu, supporting a 28-year mine life with strong projected economics.

Reasoning: The filing of the NI 43-101 Technical Report for the Berg PFS formalizes a large-scale copper-molybdenum reserve base with strong economic indicators, though it is a restatement of previously announced PFS highlights.

- Positive factor: Strong base-case economics \(NPV 8% of C$4.6 billion\)

- Positive factor: Large-scale reserve base \(1.2 billion tonnes\)

- Positive factor: Long operating life \(28 years\)

- Positive factor: Proven and Probable reserves reported

- Negative factor: High initial capital requirement \(C$4.7 billion\)

Facts used in scoring: 5

## Classification and evidence

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The PFS reports maiden Proven and Probable Mineral Reserves of 1.2 billion tonnes.

Evidence · text

> comprising maiden Proven and Probable Mineral Reserves of approximately 1.2 billion tonnes

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Dr. Shane Ebert P.Geo. and Mark Wheeler, P.Eng. are named as Qualified Persons.

Evidence · text

> Dr. Shane Ebert P.Geo., is the Qualified Person for the Berg Copper Project

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The technical report was prepared in accordance with NI 43-101 standards.

Evidence · text

> prepared in accordance with National Instrument 43-101

## Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

## Resource Estimates (5)

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859#fact-resource-facts-0)

copper

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: copper
- Ticker: SURG

#### Resource Data

- Category: probable
- Tonnes: 1200000000
- Grade: 0.22
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-15T00:00:00.000Z

#### Dates

- Event date: 2026-07-30T00:00:00.000Z

Reasoning: Part of the maiden Proven and Probable Mineral Reserves reported in the PFS.

- Positive factor: Large-scale reserve base

Evidence · text

> maiden Proven and Probable Mineral Reserves of approximately 1.2 billion tonnes grading 0.22% copper

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859#fact-resource-facts-1)

molybdenum

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: molybdenum
- Ticker: SURG

#### Resource Data

- Category: probable
- Tonnes: 1200000000
- Grade: 0.026
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-15T00:00:00.000Z

#### Dates

- Event date: 2026-07-30T00:00:00.000Z

Reasoning: By-product molybdenum grade included in the reserve estimate.

Evidence · text

> 1.2 billion tonnes grading 0.22% copper, 0.026% molybdenum

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859#fact-resource-facts-2)

silver

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: silver
- Ticker: SURG

#### Resource Data

- Category: probable
- Tonnes: 1200000000
- Grade: 4.1
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-15T00:00:00.000Z

#### Dates

- Event date: 2026-07-30T00:00:00.000Z

Reasoning: By-product silver grade included in the reserve estimate.

Evidence · text

> 1.2 billion tonnes grading 0.22% copper, 0.026% molybdenum, 4.1 g/t silver

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859#fact-resource-facts-3)

gold

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: gold
- Ticker: SURG

#### Resource Data

- Category: probable
- Tonnes: 1200000000
- Grade: 0.02
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-06-15T00:00:00.000Z

#### Dates

- Event date: 2026-07-30T00:00:00.000Z

Reasoning: By-product gold grade included in the reserve estimate.

Evidence · text

> 1.2 billion tonnes grading 0.22% copper, 0.026% molybdenum, 4.1 g/t silver, and 0.02 g/t gold

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--fbf995a5-b809-49f4-8389-4ec3f69cd859#fact-resource-facts-4)

copper

#### Identity

- Commodity: copper
- Ticker: SURG

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-30T00:00:00.000Z

Reasoning: Metallurgical optimization via staged regrind was evaluated to reduce power costs.

- Positive factor: Favourable economic trade-off

- Negative factor: Limited impact on copper recovery

Evidence · text

> staged approach could reduce regrind power requirements... while having only a limited impact on copper recovery

## 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.