T2 Metals Files NI 43-101 Mineral Resource Estimate Report for the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada

Original announcement by tmx on

Company
T2 Metals Corp.
Ticker
TWO
Exchange
TSX
Region
Manitoba, Canada
Primary commodity
Copper
Secondary commodities
Zinc, Gold, Silver
Document categories
Resource update
Extracted
2026-08-20 21:30:53 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

T2 Metals Corp. has filed an NI 43-101 compliant Mineral Resource Estimate for its Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada, defining significant Indicated and Inferred resources across four VMS deposits. The estimate includes 10.04 million tonnes Indicated and 18.15 million tonnes Inferred, with a substantial portion accessible via open pit and supported by existing infrastructure. While the report highlights strong resource potential, a notable discrepancy in the reported contained zinc for one Indicated resource requires further clarification.

Reasoning: The company has filed a maiden NI 43-101 compliant Mineral Resource Estimate for its Sherridon project, defining significant copper, zinc, gold, and silver resources across four VMS deposits, with a substantial portion accessible via open pit and good infrastructure. However, a notable discrepancy in contained zinc for one Indicated resource requires clarification.

Positive factors

  • Significant contained metal in both Indicated and Inferred categories
  • NI 43-101 compliant report with QP sign-off
  • Maiden resource estimate for four VMS deposits
  • Deposits open at depth and along strike
  • Good existing infrastructure profile
  • High-grade near-surface mineralization identified

Negative factors

  • Significant portion of the resource is in the Inferred category
  • Discrepancy in reported contained zinc for Cold Lake UG Indicated resource

Rubric flags

  • Contained metal calculation discrepancy — The reported contained zinc for the Cold Lake UG Indicated resource (40.00 M lb) is approximately 10 times higher than the calculated contained metal based on the reported tonnes (0.31 Mt) and grade (0.58% Zn), which should be ~3.96 M lb. This suggests a significant error in the table.

Facts used in scoring: 85

Atlas analysis — T2 Metals Corp.: T2 Metals Files NI 43-101 Mineral Resource Estimate Report for the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada. indicated 650000 tonnes; inferred 420000 tonnes

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 prepared in compliance with National Instrument 43-101.

Evidence · text

“National Instrument 43-101 ("NI 43-101") Technical Report”

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 Technical Report was authored by independent Qualified Persons as defined under NI 43-101, and the company's President & CEO, a Qualified Person, has reviewed and approved the contents.

Evidence · text

“Mr. Geoffrey Reed of ReedLeyton Consulting, Mr. Bengt Anders Hogrelius of Hogrelius Geological Consultants, and Mr. Bouke van 't Riet of Arundon Mining Solutions Oy, each an independent Qualified Person as defined under NI 43-101. Each QP has read and approved the scientific and technical information in this news release relating to the Technical Report and the MRE.”

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 (US$20/t) and underground (US$55/t) resources 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.”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: This report defines the initial Mineral Resource Estimate for the four VMS deposits at the Sherridon project.

Evidence · text

“The MRE encompasses four copper-dominant volcanogenic massive sulphide ("VMS") deposits”

Extracted facts

Stored fact records: 85. Some facts used in scoring do not have a stored record.

Resource Estimates (85)

indicatedSherridon · copperTonnes: 650000Grade: 0.35Grade Unit: %Contained Metal: 5030000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
0.35
Grade Unit
%
Contained Metal
5030000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.35”

Context: 0.65

indicatedSherridon · zincTonnes: 650000Grade: 0.66Grade Unit: %Contained Metal: 9480000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
0.66
Grade Unit
%
Contained Metal
9480000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.66”

Context: 0.65

indicatedSherridon · goldTonnes: 650000Grade: 0.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
0.32
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.32”

Context: 0.65

indicatedSherridon · silverTonnes: 650000Grade: 7Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
7
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“7.0”

Context: 0.65

indicatedSherridon · copperTonnes: 650000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“0.91”

Context: 0.65

indicatedSherridon · copperTonnes: 310000Grade: 0.32Grade Unit: %Contained Metal: 2210000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
310000
Grade
0.32
Grade Unit
%
Contained Metal
2210000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.32”

Context: 0.31

indicatedSherridon · zincTonnes: 310000Grade: 0.58Grade Unit: %Contained Metal: 40000000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
310000
Grade
0.58
Grade Unit
%
Contained Metal
40000000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for an underground VMS deposit, but the reported contained metal is significantly higher than calculated, reducing confidence.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Contained metal calculation discrepancy

Evidence · table

“0.58”

Context: 0.31

indicatedSherridon · goldTonnes: 310000Grade: 0.46Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
310000
Grade
0.46
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.46”

Context: 0.31

indicatedSherridon · silverTonnes: 310000Grade: 7Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
310000
Grade
7
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“7.0”

Context: 0.31

indicatedSherridon · copperTonnes: 310000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
310000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an underground VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“0.94”

Context: 0.31

indicatedSherridon · copperTonnes: 1890000Grade: 0.61Grade Unit: %Contained Metal: 25480000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1890000
Grade
0.61
Grade Unit
%
Contained Metal
25480000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.61”

Context: 1.89

indicatedSherridon · zincTonnes: 1890000Grade: 2.25Grade Unit: %Contained Metal: 93970000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1890000
Grade
2.25
Grade Unit
%
Contained Metal
93970000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“2.25”

Context: 1.89

indicatedSherridon · goldTonnes: 1890000Grade: 0.59Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1890000
Grade
0.59
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade gold resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.59”

Context: 1.89

indicatedSherridon · silverTonnes: 1890000Grade: 8Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1890000
Grade
8
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade silver resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“8.0”

Context: 1.89

indicatedSherridon · copperTonnes: 1890000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1890000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“2.13”

Context: 1.89

indicatedSherridon · copperTonnes: 3230000Grade: 0.34Grade Unit: %Contained Metal: 24220000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
3230000
Grade
0.34
Grade Unit
%
Contained Metal
24220000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.34”

Context: 3.23

indicatedSherridon · zincTonnes: 3230000Grade: 0.33Grade Unit: %Contained Metal: 23500000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
3230000
Grade
0.33
Grade Unit
%
Contained Metal
23500000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.33”

Context: 3.23

indicatedSherridon · goldTonnes: 3230000Grade: 0.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
3230000
Grade
0.27
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.27”

Context: 3.23

indicatedSherridon · silverTonnes: 3230000Grade: 3.9Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
3230000
Grade
3.9
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“3.9”

Context: 3.23

indicatedSherridon · copperTonnes: 3230000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
3230000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“0.69”

Context: 3.23

indicatedSherridon · copperTonnes: 990000Grade: 0.34Grade Unit: %Contained Metal: 7430000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
990000
Grade
0.34
Grade Unit
%
Contained Metal
7430000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.34”

Context: 0.99

indicatedSherridon · zincTonnes: 990000Grade: 0.64Grade Unit: %Contained Metal: 13990000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
990000
Grade
0.64
Grade Unit
%
Contained Metal
13990000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.64”

Context: 0.99

indicatedSherridon · goldTonnes: 990000Grade: 0.4Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
990000
Grade
0.4
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.40”

Context: 0.99

indicatedSherridon · silverTonnes: 990000Grade: 5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
990000
Grade
5
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“5.0”

Context: 0.99

indicatedSherridon · copperTonnes: 990000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
990000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an underground VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“0.93”

Context: 0.99

indicatedSherridon · copperTonnes: 2310000Grade: 0.33Grade Unit: %Contained Metal: 16770000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
2310000
Grade
0.33
Grade Unit
%
Contained Metal
16770000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.33”

Context: 2.31

indicatedSherridon · zincTonnes: 2310000Grade: 0.3Grade Unit: %Contained Metal: 15250000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
2310000
Grade
0.3
Grade Unit
%
Contained Metal
15250000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.30”

Context: 2.31

indicatedSherridon · goldTonnes: 2310000Grade: 0.08Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
2310000
Grade
0.08
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.08”

Context: 2.31

indicatedSherridon · silverTonnes: 2310000Grade: 2.8Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
2310000
Grade
2.8
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an open pit VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“2.8”

Context: 2.31

indicatedSherridon · copperTonnes: 2310000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
2310000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“0.53”

Context: 2.31

indicatedSherridon · copperTonnes: 650000Grade: 0.33Grade Unit: %Contained Metal: 4740000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
0.33
Grade Unit
%
Contained Metal
4740000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.33”

Context: 0.65

indicatedSherridon · zincTonnes: 650000Grade: 1.58Grade Unit: %Contained Metal: 22700000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
1.58
Grade Unit
%
Contained Metal
22700000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“1.58”

Context: 0.65

indicatedSherridon · goldTonnes: 650000Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
0.09
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.09”

Context: 0.65

indicatedSherridon · silverTonnes: 650000Grade: 2.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Grade
2.5
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for an underground VMS deposit, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“2.5”

Context: 0.65

indicatedSherridon · copperTonnes: 650000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
650000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for an underground VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“1.17”

Context: 0.65

indicatedSherridon · copperTonnes: 8080000Grade: 0.4Grade Unit: %Contained Metal: 71490000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
8080000
Grade
0.4
Grade Unit
%
Contained Metal
71490000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for open pit mining, representing a significant portion of the maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Evidence · table

“0.4”

Context: 8.08

indicatedSherridon · zincTonnes: 8080000Grade: 0.8Grade Unit: %Contained Metal: 142200000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
8080000
Grade
0.8
Grade Unit
%
Contained Metal
142200000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for open pit mining, representing a significant portion of the maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Evidence · table

“0.8”

Context: 8.08

indicatedSherridon · goldTonnes: 8080000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
8080000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for open pit mining, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“0.3”

Context: 8.08

indicatedSherridon · silverTonnes: 8080000Grade: 4.8Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
8080000
Grade
4.8
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for open pit mining, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Evidence · table

“4.8”

Context: 8.08

indicatedSherridon · copperTonnes: 8080000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
8080000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for open pit mining, representing a significant portion of the maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“1.00”

Context: 8.08

indicatedSherridon · copperTonnes: 1960000Grade: 0.3Grade Unit: %Contained Metal: 14380000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1960000
Grade
0.3
Grade Unit
%
Contained Metal
14380000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade copper resource in the indicated category for underground mining, representing a significant portion of the maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Evidence · table

“0.3”

Context: 1.96

indicatedSherridon · zincTonnes: 1960000Grade: 0.9Grade Unit: %Contained Metal: 40700000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1960000
Grade
0.9
Grade Unit
%
Contained Metal
40700000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the indicated category for underground mining, representing a significant portion of the maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Evidence · table

“0.9”

Context: 1.96

indicatedSherridon · goldTonnes: 1960000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1960000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the indicated category for underground mining, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“0.3”

Context: 1.96

indicatedSherridon · silverTonnes: 1960000Grade: 4.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1960000
Grade
4.5
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the indicated category for underground mining, part of a maiden resource estimate.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Evidence · table

“4.5”

Context: 1.96

indicatedSherridon · copperTonnes: 1960000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
indicated
Tonnes
1960000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate copper equivalent grade for underground mining, representing a significant portion of the maiden resource estimate with disclosed metal equivalent assumptions.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Evidence · table

“1.00”

Context: 1.96

inferredSherridon · copperTonnes: 420000Grade: 1.42Grade Unit: %Contained Metal: 13140000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
420000
Grade
1.42
Grade Unit
%
Contained Metal
13140000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“1.42”

Context: 0.42

inferredSherridon · zincTonnes: 420000Grade: 2.08Grade Unit: %Contained Metal: 19240000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
420000
Grade
2.08
Grade Unit
%
Contained Metal
19240000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“2.08”

Context: 0.42

inferredSherridon · goldTonnes: 420000Grade: 0.34Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
420000
Grade
0.34
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.34”

Context: 0.42

inferredSherridon · silverTonnes: 420000Grade: 21Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
420000
Grade
21
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade silver resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“21.0”

Context: 0.42

inferredSherridon · copperTonnes: 420000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
420000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“2.70”

Context: 0.42

inferredSherridon · copperTonnes: 480000Grade: 1.38Grade Unit: %Contained Metal: 14440000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
480000
Grade
1.38
Grade Unit
%
Contained Metal
14440000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“1.38”

Context: 0.48

inferredSherridon · zincTonnes: 480000Grade: 3.31Grade Unit: %Contained Metal: 34610000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
480000
Grade
3.31
Grade Unit
%
Contained Metal
34610000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is an exceptional-grade zinc resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“3.31”

Context: 0.48

inferredSherridon · goldTonnes: 480000Grade: 0.76Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
480000
Grade
0.76
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade gold resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.76”

Context: 0.48

inferredSherridon · silverTonnes: 480000Grade: 17Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
480000
Grade
17
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade silver resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“17.0”

Context: 0.48

inferredSherridon · copperTonnes: 480000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
480000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“3.50”

Context: 0.48

inferredSherridon · copperTonnes: 5820000Grade: 0.97Grade Unit: %Contained Metal: 124400000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
5820000
Grade
0.97
Grade Unit
%
Contained Metal
124400000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“0.97”

Context: 5.82

inferredSherridon · zincTonnes: 5820000Grade: 0.8Grade Unit: %Contained Metal: 102730000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
5820000
Grade
0.8
Grade Unit
%
Contained Metal
102730000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“0.80”

Context: 5.82

inferredSherridon · goldTonnes: 5820000Grade: 0.28Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
5820000
Grade
0.28
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.28”

Context: 5.82

inferredSherridon · silverTonnes: 5820000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
5820000
Grade
6
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“6.0”

Context: 5.82

inferredSherridon · copperTonnes: 5820000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
5820000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.50”

Context: 5.82

inferredSherridon · copperTonnes: 4190000Grade: 1.04Grade Unit: %Contained Metal: 95940000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4190000
Grade
1.04
Grade Unit
%
Contained Metal
95940000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.04”

Context: 4.19

inferredSherridon · zincTonnes: 4190000Grade: 0.96Grade Unit: %Contained Metal: 88560000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4190000
Grade
0.96
Grade Unit
%
Contained Metal
88560000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“0.96”

Context: 4.19

inferredSherridon · goldTonnes: 4190000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4190000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.30”

Context: 4.19

inferredSherridon · silverTonnes: 4190000Grade: 7.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4190000
Grade
7.3
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“7.3”

Context: 4.19

inferredSherridon · copperTonnes: 4190000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4190000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an underground VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.70”

Context: 4.19

inferredSherridon · copperTonnes: 2880000Grade: 1.23Grade Unit: %Contained Metal: 77900000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
2880000
Grade
1.23
Grade Unit
%
Contained Metal
77900000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.23”

Context: 2.88

inferredSherridon · zincTonnes: 2880000Grade: 0.78Grade Unit: %Contained Metal: 49430000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
2880000
Grade
0.78
Grade Unit
%
Contained Metal
49430000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a moderate-grade zinc resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“0.78”

Context: 2.88

inferredSherridon · goldTonnes: 2880000Grade: 0.28Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
2880000
Grade
0.28
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.28”

Context: 2.88

inferredSherridon · silverTonnes: 2880000Grade: 6.8Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
2880000
Grade
6.8
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for an open pit VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“6.8”

Context: 2.88

inferredSherridon · copperTonnes: 2880000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
2880000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an open pit VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.80”

Context: 2.88

inferredSherridon · copperTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104260000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4380000
Grade
1.08
Grade Unit
%
Contained Metal
104260000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.08”

Context: 4.38

inferredSherridon · zincTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104250000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4380000
Grade
1.08
Grade Unit
%
Contained Metal
104250000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.08”

Context: 4.38

inferredSherridon · goldTonnes: 4380000Grade: 0.16Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4380000
Grade
0.16
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.16”

Context: 4.38

inferredSherridon · silverTonnes: 4380000Grade: 5.4Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4380000
Grade
5.4
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for an underground VMS deposit, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“5.4”

Context: 4.38

inferredSherridon · copperTonnes: 4380000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
4380000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for an underground VMS deposit, part of a maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.70”

Context: 4.38

inferredSherridon · copperTonnes: 9590000Grade: 1.1Grade Unit: %Contained Metal: 229880000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
9590000
Grade
1.1
Grade Unit
%
Contained Metal
229880000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for open pit mining, representing a significant portion of the maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.10”

Context: 9.59

inferredSherridon · zincTonnes: 9590000Grade: 1Grade Unit: %Contained Metal: 206010000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
9590000
Grade
1
Grade Unit
%
Contained Metal
206010000
Contained Unit
lb
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the inferred category for open pit mining, representing a significant portion of the maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.00”

Context: 9.59

inferredSherridon · goldTonnes: 9590000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
9590000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for open pit mining, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.30”

Context: 9.59

inferredSherridon · silverTonnes: 9590000Grade: 7.7Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
9590000
Grade
7.7
Grade Unit
g/t
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for open pit mining, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“7.7”

Context: 9.59

inferredSherridon · copperTonnes: 9590000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
9590000
Cutoff Grade
20

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for open pit mining, representing a significant portion of the maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Open pit mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.70”

Context: 9.59

inferredSherridon · copperTonnes: 8570000Grade: 1.1Grade Unit: %Contained Metal: 200200000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
8570000
Grade
1.1
Grade Unit
%
Contained Metal
200200000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade copper resource in the inferred category for underground mining, representing a significant portion of the maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.10”

Context: 8.57

inferredSherridon · zincTonnes: 8570000Grade: 1Grade Unit: %Contained Metal: 192810000Contained Unit: lbView all details
Link to this fact

Identity

Project
Sherridon
Commodity
zinc
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
8570000
Grade
1
Grade Unit
%
Contained Metal
192810000
Contained Unit
lb
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong-grade zinc resource in the inferred category for underground mining, representing a significant portion of the maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Significant contained metal

Negative factors

  • Inferred resource

Evidence · table

“1.00”

Context: 8.57

inferredSherridon · goldTonnes: 8570000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
gold
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
8570000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade gold resource in the inferred category for underground mining, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“0.20”

Context: 8.57

inferredSherridon · silverTonnes: 8570000Grade: 6.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Sherridon
Commodity
silver
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
8570000
Grade
6.3
Grade Unit
g/t
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a weak-grade silver resource in the inferred category for underground mining, part of a maiden resource estimate, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type

Negative factors

  • Inferred resource

Evidence · table

“6.3”

Context: 8.57

inferredSherridon · copperTonnes: 8570000View all details
Link to this fact

Identity

Project
Sherridon
Commodity
copper
Region
canada_mb
Reported Region
Manitoba, Canada
Ticker
TWO

Resource Data

Category
inferred
Tonnes
8570000
Cutoff Grade
55

Review

Needs Review
No
Historical
No

Dates

Event date
2026-06-26T00:00:00.000Z

Reasoning: This is a strong copper equivalent grade in the inferred category for underground mining, representing a significant portion of the maiden resource estimate with disclosed metal equivalent assumptions, but with lower confidence due to category.

Positive factors

  • Maiden resource
  • Underground mining method
  • VMS deposit type
  • Metal equivalent assumptions disclosed

Negative factors

  • Inferred resource

Evidence · table

“1.70”

Context: 8.57

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.