T2 Metals Announces NI 43-101 Mineral Resource Estimate at the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada
Original announcement by orestocks on
- Company
- T2 Metals Corp.
- Ticker
- TWO
- Exchange
- TSXV
- Region
- Manitoba, Canada
- Primary commodity
- Copper
- Secondary commodities
- Zinc, Gold, Silver
- Document categories
- Resource update
- Extracted
- 2026-10-01 03:59:29 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
T2 Metals Corp. has announced a maiden NI 43-101 compliant Mineral Resource Estimate for its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada. The MRE defines a total Indicated Mineral Resource of 10.04 million tonnes at 1.0% CuEq and a total Inferred Mineral Resource of 18.15 million tonnes at 1.7% CuEq, demonstrating substantial resources at shallow depths. The estimate, prepared by independent Qualified Persons, highlights the project's potential for expansion and supports its advancement towards a Preliminary Economic Assessment.
Reasoning: T2 Metals announced a maiden NI 43-101 compliant Mineral Resource Estimate for its Sherridon Project, defining significant Indicated and Inferred resources of copper, zinc, gold, and silver across four VMS deposits, with clear potential for expansion and strong infrastructure, supporting advancement to a PEA.
Positive factors
- Maiden NI 43-101 compliant MRE for the project
- Substantial Indicated and Inferred resources defined
- High-grade near-surface mineralization identified
- Deposits remain open for expansion along strike and at depth
- Multiple Qualified Persons signed off on the estimate
- Good infrastructure with year-round road and rail access
- Co-funding received from Manitoba Mineral Development Fund
- MRE supports advancement to a Preliminary Economic Assessment
Negative factors
- No Measured resource category defined
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 68
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is explicitly stated as an 'independent NI 43-101 Mineral Resource Estimate'.
Evidence · text
“independent NI 43-101 Mineral Resource Estimate”
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 MRE was prepared by and reviewed by multiple independent Qualified Persons (QPs) as defined by NI 43-101.
Evidence · text
“The MRE was prepared by Geoffrey Reed, MAIG, MAusIMM (QP) Geo, of ReedLeyton Consulting Pty Ltd, independent Qualified Person, NI 43-101.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: This is the first formal Mineral Resource Estimate for the Sherridon Project.
Evidence · text
“This NI 43-101 resource at Sherridon confirms what we have long believed, that this is a robust VMS system with scale, grade, and clear growth potential.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The MRE includes a substantial Inferred Mineral Resource of 18.15 million tonnes.
Evidence · text
“Total Inferred Mineral Resource of 18.15 million tonnes grading 1.08% Cu, 1.00% Zn, 0.27 g/t Au and 7.05 g/t Ag”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes a Total Indicated Mineral Resource of 10.04 million tonnes.
Evidence · text
“Total Indicated Mineral Resource of 10.04 million tonnes (Mt) grading 0.39% Cu, 0.83% Zn, 0.30 g/t Au and 4.75 g/t Ag”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grades for both open pit and underground mining methods are clearly stated.
Evidence · text
“Mineral resources are estimated at a NSR cut-off of US$20 per tonne and US$55 per tonne for open pit and underground respectively.”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The scale and grade of the MRE are stated to support advancement to a Preliminary Economic Assessment (PEA).
Evidence · text
“Scale and grade of the MRE supports advancement of Sherridon to a Preliminary Economic Assessment (PEA)”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The maiden MRE defines substantial Indicated and Inferred tonnages for the project.
Evidence · text
“10.04 Million Tonnes @ 1.0% CuEq 1 Indicated Plus 18.15 Million Tonnes @ 1.7% CuEq1Inferred”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The MRE reports significant contained metal for copper, zinc, and gold in both Indicated and Inferred categories.
Evidence · text
“Project contains 86 million lb of copper and 96,000 oz of gold in the Indicated category and 430 million lb of copper and 158,000 oz gold in the Inferred category”
Extracted facts
Stored fact records: 68. Some facts used in scoring do not have a stored record.
Resource Estimates (68)
indicatedSherridon · copperTonnes: 650000Grade: 0.35Grade Unit: %Contained Metal: 5030000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f2d0d823304f4e08971a
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 5030000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.91
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake open pit deposit with moderate copper grade and contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.35”
Context: 0.65
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
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
indicatedSherridon · zincTonnes: 650000Grade: 0.66Grade Unit: %Contained Metal: 9480000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f2d0d823304f4e08971a
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.66
- Grade Unit
- %
- Contained Metal
- 9480000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.91
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake open pit deposit with moderate zinc grade and contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.66”
Context: 0.65
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
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
indicatedSherridon · goldTonnes: 650000Grade: 0.32Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f2d0d823304f4e08971a
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.32
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.91
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.32”
Context: 0.65
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 650000Grade: 7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f2d0d823304f4e08971a
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.91
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“7.00”
Context: 0.65
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 310000Grade: 0.32Grade Unit: %Contained Metal: 2210000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:783475f67eebb6fbec37
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.32
- Grade Unit
- %
- Contained Metal
- 2210000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.94
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake underground deposit with a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.32”
Context: 0.31
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
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
indicatedSherridon · zincTonnes: 310000Grade: 0.58Grade Unit: %Contained Metal: 40000000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:783475f67eebb6fbec37
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 40000000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.94
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake underground deposit with a moderate zinc grade and significant contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.58”
Context: 0.31
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
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
indicatedSherridon · goldTonnes: 310000Grade: 0.46Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:783475f67eebb6fbec37
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.46
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.94
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake underground deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.46”
Context: 0.31
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 310000Grade: 7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:783475f67eebb6fbec37
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 7
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.94
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Cold Lake underground deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“7.00”
Context: 0.31
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 1890000Grade: 0.61Grade Unit: %Contained Metal: 25480000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:cc8bf38e1bec1efdf302
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 0.61
- Grade Unit
- %
- Contained Metal
- 25480000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Lost Lake open pit deposit with strong copper grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
- Strong copper grade for open pit VMS deposit
Evidence · table
“0.61”
Context: 1.89
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
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
indicatedSherridon · zincTonnes: 1890000Grade: 2.25Grade Unit: %Contained Metal: 93970000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:cc8bf38e1bec1efdf302
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 2.25
- Grade Unit
- %
- Contained Metal
- 93970000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Lost Lake open pit deposit with strong zinc grade and significant contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
- Strong zinc grade for open pit VMS deposit
Evidence · table
“2.25”
Context: 1.89
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
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
indicatedSherridon · goldTonnes: 1890000Grade: 0.59Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:cc8bf38e1bec1efdf302
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 0.59
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Lost Lake open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.59”
Context: 1.89
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 1890000Grade: 8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:cc8bf38e1bec1efdf302
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Lost Lake open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“8.00”
Context: 1.89
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 3230000Grade: 0.34Grade Unit: %Contained Metal: 24220000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0935c513f7222cc1704e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 24220000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob open pit deposit with a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.34”
Context: 3.23
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
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
indicatedSherridon · zincTonnes: 3230000Grade: 0.33Grade Unit: %Contained Metal: 23500000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0935c513f7222cc1704e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 23500000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob open pit deposit with a weak zinc grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.33”
Context: 3.23
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
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
indicatedSherridon · goldTonnes: 3230000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0935c513f7222cc1704e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.27
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.27”
Context: 3.23
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 3230000Grade: 3.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0935c513f7222cc1704e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 3.9
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.69
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“3.90”
Context: 3.23
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 990000Grade: 0.34Grade Unit: %Contained Metal: 7430000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5c934ba1fa7fddf2d0e6
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 7430000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.93
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob underground deposit with a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.34”
Context: 0.99
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
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
indicatedSherridon · zincTonnes: 990000Grade: 0.64Grade Unit: %Contained Metal: 13990000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5c934ba1fa7fddf2d0e6
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.64
- Grade Unit
- %
- Contained Metal
- 13990000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.93
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob underground deposit with a moderate zinc grade and contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.64”
Context: 0.99
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
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
indicatedSherridon · goldTonnes: 990000Grade: 0.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5c934ba1fa7fddf2d0e6
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.4
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.93
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob underground deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.40”
Context: 0.99
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 990000Grade: 5.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:5c934ba1fa7fddf2d0e6
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 5.02
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.93
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Bob underground deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“5.02”
Context: 0.99
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 2310000Grade: 0.33Grade Unit: %Contained Metal: 16770000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4940d2b7941ae9f9a15e
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 16770000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle open pit deposit with a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.33”
Context: 2.31
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
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
indicatedSherridon · zincTonnes: 2310000Grade: 0.3Grade Unit: %Contained Metal: 15250000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4940d2b7941ae9f9a15e
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 15250000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle open pit deposit with a weak zinc grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Open pit mining method suggests lower operating costs
Evidence · table
“0.3”
Context: 2.31
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
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
indicatedSherridon · goldTonnes: 2310000Grade: 0.08Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4940d2b7941ae9f9a15e
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.08
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle open pit deposit with a very weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.08”
Context: 2.31
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 2310000Grade: 2.83Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4940d2b7941ae9f9a15e
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 2.83
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 0.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle open pit deposit with a very weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“2.83”
Context: 2.31
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 650000Grade: 0.33Grade Unit: %Contained Metal: 4740000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:bc67cf817f3773dc2be8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 4740000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle underground deposit with a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.33”
Context: 0.65
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
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
indicatedSherridon · zincTonnes: 650000Grade: 1.58Grade Unit: %Contained Metal: 22700000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:bc67cf817f3773dc2be8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 1.58
- Grade Unit
- %
- Contained Metal
- 22700000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle underground deposit with strong zinc grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
- Strong zinc grade for underground VMS deposit
Evidence · table
“1.58”
Context: 0.65
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
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
indicatedSherridon · goldTonnes: 650000Grade: 0.09Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:bc67cf817f3773dc2be8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.09
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle underground deposit with a very weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“0.09”
Context: 0.65
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 650000Grade: 2.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:bc67cf817f3773dc2be8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 2.5
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.17
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Indicated resource for Jungle underground deposit with a very weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated category provides reasonable confidence
Evidence · table
“2.5”
Context: 0.65
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 8080000Grade: 0.4Grade Unit: %Contained Metal: 71490000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:7a535c0c38e1ff7b4071
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 71490000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated open pit resource with significant tonnage and moderate copper grade, forming a strong foundation for the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Indicated tonnage for open pit
- Moderate copper grade for open pit VMS deposit
Evidence · table
“0.4”
Context: 8.08
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
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
indicatedSherridon · zincTonnes: 8080000Grade: 0.8Grade Unit: %Contained Metal: 142200000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:7a535c0c38e1ff7b4071
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 142200000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated open pit resource with significant tonnage and moderate zinc grade, forming a strong foundation for the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Indicated tonnage for open pit
- Moderate zinc grade for open pit VMS deposit
Evidence · table
“0.8”
Context: 8.08
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
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
indicatedSherridon · goldTonnes: 8080000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:7a535c0c38e1ff7b4071
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated open pit resource with significant tonnage and a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Indicated tonnage for open pit
Evidence · table
“0.3”
Context: 8.08
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 8080000Grade: 4.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:7a535c0c38e1ff7b4071
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 4.8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated open pit resource with significant tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Indicated tonnage for open pit
Evidence · table
“4.8”
Context: 8.08
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · copperTonnes: 1960000Grade: 0.3Grade Unit: %Contained Metal: 14380000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d83f3c8b5c6fd1567a9b
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 14380000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated underground resource with moderate tonnage and a weak copper grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated tonnage for underground
Evidence · table
“0.3”
Context: 1.96
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
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
indicatedSherridon · zincTonnes: 1960000Grade: 0.9Grade Unit: %Contained Metal: 40700000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d83f3c8b5c6fd1567a9b
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 40700000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated underground resource with moderate tonnage and moderate zinc grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated tonnage for underground
- Moderate zinc grade for underground VMS deposit
Evidence · table
“0.9”
Context: 1.96
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
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
indicatedSherridon · goldTonnes: 1960000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d83f3c8b5c6fd1567a9b
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated underground resource with moderate tonnage and a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated tonnage for underground
Evidence · table
“0.3”
Context: 1.96
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
indicatedSherridon · silverTonnes: 1960000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d83f3c8b5c6fd1567a9b
- Deposit or zone
- Total Indicated
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Indicated underground resource with moderate tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Indicated tonnage for underground
Evidence · table
“4.5”
Context: 1.96
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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
inferredSherridon · copperTonnes: 420000Grade: 1.42Grade Unit: %Contained Metal: 13140000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:9ce647bd0b43bc08e079
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 1.42
- Grade Unit
- %
- Contained Metal
- 13140000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Cold Lake open pit deposit with strong copper grade and contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Strong copper grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.42”
Context: 0.42
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
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
inferredSherridon · zincTonnes: 420000Grade: 2.08Grade Unit: %Contained Metal: 19240000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:9ce647bd0b43bc08e079
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 2.08
- Grade Unit
- %
- Contained Metal
- 19240000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Cold Lake open pit deposit with strong zinc grade and contained metal, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Strong zinc grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“2.08”
Context: 0.42
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
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
inferredSherridon · goldTonnes: 420000Grade: 0.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:9ce647bd0b43bc08e079
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 0.34
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Cold Lake open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.34”
Context: 0.42
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
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
inferredSherridon · silverTonnes: 420000Grade: 21Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:9ce647bd0b43bc08e079
- Deposit or zone
- Cold Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 21
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 2.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Cold Lake open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“21”
Context: 0.42
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
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
inferredSherridon · copperTonnes: 480000Grade: 1.38Grade Unit: %Contained Metal: 14440000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d486fabfef7926b5e896
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 1.38
- Grade Unit
- %
- Contained Metal
- 14440000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Lost Lake open pit deposit with strong copper grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Strong copper grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.38”
Context: 0.48
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
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
inferredSherridon · zincTonnes: 480000Grade: 3.31Grade Unit: %Contained Metal: 34610000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d486fabfef7926b5e896
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 3.31
- Grade Unit
- %
- Contained Metal
- 34610000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Lost Lake open pit deposit with strong zinc grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Strong zinc grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“3.31”
Context: 0.48
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
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
inferredSherridon · goldTonnes: 480000Grade: 0.76Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d486fabfef7926b5e896
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 0.76
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Lost Lake open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.76”
Context: 0.48
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
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
inferredSherridon · silverTonnes: 480000Grade: 17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:d486fabfef7926b5e896
- Deposit or zone
- Lost Lake
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 17
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 3.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Lost Lake open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“17”
Context: 0.48
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
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
inferredSherridon · copperTonnes: 5820000Grade: 0.97Grade Unit: %Contained Metal: 124400000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:29b743a2b7dcc1793c58
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.97
- Grade Unit
- %
- Contained Metal
- 124400000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob open pit deposit with significant tonnage and strong copper grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
- Strong copper grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.97”
Context: 5.82
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
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
inferredSherridon · zincTonnes: 5820000Grade: 0.8Grade Unit: %Contained Metal: 102730000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:29b743a2b7dcc1793c58
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 102730000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob open pit deposit with significant tonnage and moderate zinc grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
- Moderate zinc grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.8”
Context: 5.82
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
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
inferredSherridon · goldTonnes: 5820000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:29b743a2b7dcc1793c58
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.28”
Context: 5.82
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
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
inferredSherridon · silverTonnes: 5820000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:29b743a2b7dcc1793c58
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.5
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“6”
Context: 5.82
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
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
inferredSherridon · copperTonnes: 4190000Grade: 1.04Grade Unit: %Contained Metal: 95940000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0aaa94ec6486ec90376e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 1.04
- Grade Unit
- %
- Contained Metal
- 95940000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob underground deposit with significant tonnage and strong copper grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Strong copper grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.04”
Context: 4.19
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
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
inferredSherridon · zincTonnes: 4190000Grade: 0.96Grade Unit: %Contained Metal: 88560000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0aaa94ec6486ec90376e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 0.96
- Grade Unit
- %
- Contained Metal
- 88560000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob underground deposit with significant tonnage and moderate zinc grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Moderate zinc grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.96”
Context: 4.19
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
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
inferredSherridon · goldTonnes: 4190000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0aaa94ec6486ec90376e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob underground deposit with significant tonnage and a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.3”
Context: 4.19
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
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
inferredSherridon · silverTonnes: 4190000Grade: 7.29Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:0aaa94ec6486ec90376e
- Deposit or zone
- Bob
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 7.29
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Bob underground deposit with significant tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“7.29”
Context: 4.19
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
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
inferredSherridon · copperTonnes: 2880000Grade: 1.23Grade Unit: %Contained Metal: 77900000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1029826ee84a883f2da8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 1.23
- Grade Unit
- %
- Contained Metal
- 77900000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle open pit deposit with strong copper grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Strong copper grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.23”
Context: 2.88
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
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
inferredSherridon · zincTonnes: 2880000Grade: 0.78Grade Unit: %Contained Metal: 49430000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1029826ee84a883f2da8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 0.78
- Grade Unit
- %
- Contained Metal
- 49430000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle open pit deposit with moderate zinc grade and contained metal, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Moderate zinc grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.78”
Context: 2.88
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
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
inferredSherridon · goldTonnes: 2880000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1029826ee84a883f2da8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle open pit deposit with a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.28”
Context: 2.88
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
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
inferredSherridon · silverTonnes: 2880000Grade: 6.75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:1029826ee84a883f2da8
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 6.75
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.8
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle open pit deposit with a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
Negative factors
- Inferred category has lower confidence
Evidence · table
“6.75”
Context: 2.88
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
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
inferredSherridon · copperTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104260000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f750c2c0d1c092687cf6
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104260000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle underground deposit with significant tonnage and strong copper grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Strong copper grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.08”
Context: 4.38
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
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
inferredSherridon · zincTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104250000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f750c2c0d1c092687cf6
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104250000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle underground deposit with significant tonnage and strong zinc grade, contributing significantly to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Strong zinc grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.08”
Context: 4.38
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
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
inferredSherridon · goldTonnes: 4380000Grade: 0.16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f750c2c0d1c092687cf6
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 0.16
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle underground deposit with significant tonnage and a very weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.16”
Context: 4.38
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
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
inferredSherridon · silverTonnes: 4380000Grade: 5.35Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:f750c2c0d1c092687cf6
- Deposit or zone
- Jungle
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 5.35
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Inferred resource for Jungle underground deposit with significant tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“5.35”
Context: 4.38
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
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
inferredSherridon · copperTonnes: 9590000Grade: 1.1Grade Unit: %Contained Metal: 229880000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:e719e19b15da5ab275f6
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 229880000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred open pit resource with significant tonnage and strong copper grade, forming a substantial part of the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
- Strong copper grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.1”
Context: 9.59
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
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
inferredSherridon · zincTonnes: 9590000Grade: 1Grade Unit: %Contained Metal: 206010000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:e719e19b15da5ab275f6
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 206010000
- Contained Unit
- lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred open pit resource with significant tonnage and strong zinc grade, forming a substantial part of the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
- Strong zinc grade for open pit VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.0”
Context: 9.59
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
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
inferredSherridon · goldTonnes: 9590000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:e719e19b15da5ab275f6
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred open pit resource with significant tonnage and a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.3”
Context: 9.59
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
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
inferredSherridon · silverTonnes: 9590000Grade: 7.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:e719e19b15da5ab275f6
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 7.7
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred open pit resource with significant tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for open pit
Negative factors
- Inferred category has lower confidence
Evidence · table
“7.7”
Context: 9.59
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
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
inferredSherridon · copperTonnes: 8570000Grade: 1.1Grade Unit: %Contained Metal: 200200000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4e5c12550ff63c8c0a4c
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 200200000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred underground resource with significant tonnage and strong copper grade, forming a substantial part of the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Strong copper grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.1”
Context: 8.57
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
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
inferredSherridon · zincTonnes: 8570000Grade: 1Grade Unit: %Contained Metal: 192810000Contained Unit: lbView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4e5c12550ff63c8c0a4c
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 192810000
- Contained Unit
- lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred underground resource with significant tonnage and strong zinc grade, forming a substantial part of the maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
- Strong zinc grade for underground VMS deposit
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.0”
Context: 8.57
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
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
inferredSherridon · goldTonnes: 8570000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4e5c12550ff63c8c0a4c
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 0.2
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred underground resource with significant tonnage and a weak gold grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.2”
Context: 8.57
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
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
inferredSherridon · silverTonnes: 8570000Grade: 6.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Sherridon
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba, Canada
- Ticker
- TWO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Geoffrey Reed, Anders Hogrelius, Bouke van `t Riet
- Resource group id
- resource:4e5c12550ff63c8c0a4c
- Deposit or zone
- Total Inferred
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 6.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Metal Eq. Grade
- 1.7
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-07T00:00:00.000Z
Reasoning: Total Inferred underground resource with significant tonnage and a weak silver grade, contributing to the overall maiden MRE.
Positive factors
- Part of a maiden NI 43-101 MRE
- Significant Inferred tonnage for underground
Negative factors
- Inferred category has lower confidence
Evidence · table
“6.3”
Context: 8.57
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
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
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.