T2 Metals Files NI 43-101 Mineral Resource Estimate Report for 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 02:47:17 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
T2 Metals Corp. has filed its NI 43-101 compliant technical report for the Mineral Resource Estimate (MRE) at its 100%-owned Sherridon Copper-Zinc-Gold-Silver Project in Manitoba, Canada. The MRE, which was previously announced on May 7, 2026, defines Indicated Resources of 10.04 Mt grading 0.39% Cu, 0.83% Zn, 0.30 g/t Au, and 4.75 g/t Ag, and Inferred Resources of 18.15 Mt grading 1.08% Cu, 1.00% Zn, 0.27 g/t Au, and 7.05 g/t Ag. The report highlights the project's brownfields nature, established infrastructure, and potential for growth across four copper-dominant VMS deposits.
Reasoning: T2 Metals has filed the NI 43-101 technical report for its Sherridon MRE, which was previously announced. While the filing itself is a procedural step with low novelty, the MRE establishes a substantial resource base across four VMS deposits with reasonable grades and good infrastructure, providing a solid foundation for future development. The high proportion of inferred resources is typical for this stage.
Positive factors
- Significant resource base established across multiple deposits
- NI 43-101 compliant report filed, enhancing credibility
- High percentage of mineralization accessible within shallow open pits
- Project benefits from established infrastructure and First Nations support
- VMS deposit type with copper-dominant mineralization
Negative factors
- Resource estimate numbers were previously announced, reducing novelty of this filing
- A significant portion of the resource is in the Inferred category, indicating lower confidence for economic studies
Facts used in scoring: 85
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, a high reporting standard.
Evidence · text
“independent 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 and approved by independent Qualified Persons as defined under NI 43-101.
Evidence · text
“The Technical Report was authored by 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 and underground scenarios 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.”
Metal Equivalent Opaquepositive · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: Metal equivalent grade is reported with disclosed price and recovery assumptions.
Evidence · text
“Copper equivalent (CuEq) values were calculated using metal prices of US$5.00/lb copper, US$1.30/lb zinc, US$3,500/oz gold and US$45.00/oz silver, with metallurgical recovery factors of 92% for copper, 83% for zinc, 65% for gold and 57% for silver. The formula applied was: CuEq% = Cu% + (Zn% × 0.2346) + (Au g/t × 0.00721) + (Ag g/t × 0.00008).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This document is filing the technical report for a previously announced Mineral Resource Estimate.
Evidence · text
“T2 Metals Files NI 43-101 Mineral Resource Estimate Report for the Sherridon Copper-Zinc-Gold-Silver Project, Manitoba, Canada”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The MRE numbers were announced on May 7, 2026, making this June 26, 2026 filing a re-release of previously disclosed data.
Evidence · text
“The Technical Report supports the MRE announced in the Company's news release dated May 7, 2026”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource is in the Inferred category, which is speculative and has lower geological confidence.
Evidence · text
“Inferred Mineral Resource of 18.15 Mt grading 1.08% Cu, 1.00% Zn, 0.27 g/t Au and 7.05 g/t Ag”
Extracted facts
Stored fact records: 85. Some facts used in scoring do not have a stored record.
Resource Estimates (85)
indicatedSherridon Copper-Gold Zinc-Silver- Project · copperTonnes: 650000Grade: 0.35Grade Unit: %Contained Metal: 5.03Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:39d4075d3b0517b022cc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 5.03
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Cold Lake OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development.
Positive factors
- Indicated category provides reasonable geological confidence
- Open pit mining method suggests lower operating costs
Negative factors
- Grade is moderate for VMS copper deposits
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 650000Grade: 0.66Grade Unit: %Contained Metal: 9.48Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:39d4075d3b0517b022cc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.66
- Grade Unit
- %
- Contained Metal
- 9.48
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 650000Grade: 0.32Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:39d4075d3b0517b022cc
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 650000Grade: 7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:39d4075d3b0517b022cc
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Cold Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“7.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 650000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:39d4075d3b0517b022cc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 650000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Cold Lake OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“0.91”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 310000Grade: 0.32Grade Unit: %Contained Metal: 2.21Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bfe5a4d6e65b0b9b24f6
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.32
- Grade Unit
- %
- Contained Metal
- 2.21
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Cold Lake UG is of weak grade, which may be challenging for underground economic extraction.
Positive factors
- Indicated category provides reasonable geological confidence
Negative factors
- Grade is weak for VMS copper deposits in an underground scenario
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 310000Grade: 0.58Grade Unit: %Contained Metal: 40Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bfe5a4d6e65b0b9b24f6
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 0.58
- Grade Unit
- %
- Contained Metal
- 40
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 310000Grade: 0.46Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bfe5a4d6e65b0b9b24f6
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 310000Grade: 7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bfe5a4d6e65b0b9b24f6
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Cold Lake UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“7.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 310000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bfe5a4d6e65b0b9b24f6
- Deposit or zone
- Cold Lake
Resource Data
- Category
- indicated
- Tonnes
- 310000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Cold Lake UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“0.94”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 1890000Grade: 0.61Grade Unit: %Contained Metal: 25.48Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:9ae920d332a4b99b42cd
- Deposit or zone
- Lost Lake
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 0.61
- Grade Unit
- %
- Contained Metal
- 25.48
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Lost Lake OP contributes significantly to the overall resource base with moderate grade and good confidence, supporting potential open pit development.
Positive factors
- Indicated category provides reasonable geological confidence
- Open pit mining method suggests lower operating costs
- Grade is moderate for VMS copper deposits
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 1890000Grade: 2.25Grade Unit: %Contained Metal: 93.97Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:9ae920d332a4b99b42cd
- Deposit or zone
- Lost Lake
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- Grade
- 2.25
- Grade Unit
- %
- Contained Metal
- 93.97
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Lost Lake OP is of moderate grade, providing a valuable polymetallic component to the resource.
Positive factors
- Grade is moderate for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 1890000Grade: 0.59Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:9ae920d332a4b99b42cd
- Deposit or zone
- Lost Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Lost Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 1890000Grade: 8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:9ae920d332a4b99b42cd
- Deposit or zone
- Lost Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Lost Lake OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“8.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 1890000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:9ae920d332a4b99b42cd
- Deposit or zone
- Lost Lake
Resource Data
- Category
- indicated
- Tonnes
- 1890000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Lost Lake OP Indicated resource is strong, indicating significant overall polymetallic value.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“2.13”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 3230000Grade: 0.34Grade Unit: %Contained Metal: 24.22Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b389039e53c6eeffc9a3
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 24.22
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Bob OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development.
Positive factors
- Indicated category provides reasonable geological confidence
- Open pit mining method suggests lower operating costs
Negative factors
- Grade is moderate for VMS copper deposits
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 3230000Grade: 0.33Grade Unit: %Contained Metal: 23.5Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b389039e53c6eeffc9a3
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 23.5
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 3230000Grade: 0.27Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b389039e53c6eeffc9a3
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 3230000Grade: 3.9Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b389039e53c6eeffc9a3
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Bob OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“3.9”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 3230000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b389039e53c6eeffc9a3
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 3230000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Bob OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“0.69”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 990000Grade: 0.34Grade Unit: %Contained Metal: 7.43Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:05667e649aab9dad34c6
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 7.43
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Bob UG is of weak grade, which may be challenging for underground economic extraction.
Positive factors
- Indicated category provides reasonable geological confidence
Negative factors
- Grade is weak for VMS copper deposits in an underground scenario
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 990000Grade: 0.64Grade Unit: %Contained Metal: 13.99Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:05667e649aab9dad34c6
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 0.64
- Grade Unit
- %
- Contained Metal
- 13.99
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 990000Grade: 0.4Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:05667e649aab9dad34c6
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 990000Grade: 5Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:05667e649aab9dad34c6
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 990000
- Grade
- 5
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Bob UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“5.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 990000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:05667e649aab9dad34c6
- Deposit or zone
- Bob
Resource Data
- Category
- indicated
- Tonnes
- 990000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Bob UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“0.93”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 2310000Grade: 0.33Grade Unit: %Contained Metal: 16.77Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bffb1befe47d515f8c90
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 16.77
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Jungle OP contributes to the overall resource base with moderate grade and good confidence, supporting potential open pit development.
Positive factors
- Indicated category provides reasonable geological confidence
- Open pit mining method suggests lower operating costs
Negative factors
- Grade is moderate for VMS copper deposits
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 2310000Grade: 0.3Grade Unit: %Contained Metal: 15.25Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bffb1befe47d515f8c90
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 15.25
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
Evidence · table
“0.30”
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 2310000Grade: 0.08Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bffb1befe47d515f8c90
- Deposit or zone
- Jungle
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 2310000Grade: 2.8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bffb1befe47d515f8c90
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- Grade
- 2.8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Jungle OP is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
Evidence · table
“2.8”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 2310000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bffb1befe47d515f8c90
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 2310000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Jungle OP Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“0.53”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 650000Grade: 0.33Grade Unit: %Contained Metal: 4.74Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:03ea54333e4e24f41e09
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 0.33
- Grade Unit
- %
- Contained Metal
- 4.74
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This indicated resource for copper at Jungle UG is of weak grade, which may be challenging for underground economic extraction.
Positive factors
- Indicated category provides reasonable geological confidence
Negative factors
- Grade is weak for VMS copper deposits in an underground scenario
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 650000Grade: 1.58Grade Unit: %Contained Metal: 22.7Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:03ea54333e4e24f41e09
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 650000
- Grade
- 1.58
- Grade Unit
- %
- Contained Metal
- 22.7
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated zinc resource at Jungle UG is of moderate grade, providing a valuable polymetallic component to the resource.
Positive factors
- Grade is moderate for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 650000Grade: 0.09Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:03ea54333e4e24f41e09
- Deposit or zone
- Jungle
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated gold resource at Jungle UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 650000Grade: 2.5Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:03ea54333e4e24f41e09
- Deposit or zone
- Jungle
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The indicated silver resource at Jungle UG is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 650000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:03ea54333e4e24f41e09
- Deposit or zone
- Jungle
Resource Data
- Category
- indicated
- Tonnes
- 650000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Jungle UG Indicated resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade is moderate for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“1.17”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 8080000Grade: 0.4Grade Unit: %Contained Metal: 71.49Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bca88baa176b0153adac
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 71.49
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated open pit copper resource represents a significant portion of the overall resource with moderate grade and good confidence.
Positive factors
- Indicated category provides reasonable geological confidence
- Open pit mining method suggests lower operating costs
Negative factors
- Grade is moderate for VMS copper deposits
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 8080000Grade: 0.8Grade Unit: %Contained Metal: 142.2Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bca88baa176b0153adac
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 142.2
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated open pit zinc resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 8080000Grade: 0.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bca88baa176b0153adac
- Deposit or zone
- Total Indicated
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated open pit gold resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 8080000Grade: 4.8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bca88baa176b0153adac
- Deposit or zone
- Total Indicated
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated open pit silver resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 8080000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:bca88baa176b0153adac
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 8080000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated open pit copper equivalent resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“1.00”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 1960000Grade: 0.3Grade Unit: %Contained Metal: 14.38Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e47606334efa76d0d3f1
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 14.38
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated underground copper resource is of weak grade, which may be challenging for underground economic extraction.
Positive factors
- Indicated category provides reasonable geological confidence
Negative factors
- Grade is weak for VMS copper deposits in an underground scenario
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 1960000Grade: 0.9Grade Unit: %Contained Metal: 40.7Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e47606334efa76d0d3f1
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- Grade
- 0.9
- Grade Unit
- %
- Contained Metal
- 40.7
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated underground zinc resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 1960000Grade: 0.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e47606334efa76d0d3f1
- Deposit or zone
- Total Indicated
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated underground gold resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 1960000Grade: 4.5Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e47606334efa76d0d3f1
- Deposit or zone
- Total Indicated
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated underground silver resource is of weak grade, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
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
indicatedSherridon Copper-Gold Zinc-Silver- Project · copperTonnes: 1960000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e47606334efa76d0d3f1
- Deposit or zone
- Total Indicated
Resource Data
- Category
- indicated
- Tonnes
- 1960000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total indicated underground copper equivalent resource provides a consolidated view of the polymetallic value, indicating a moderate overall grade.
Positive factors
- Copper equivalent grade provides a combined value for polymetallic mineralization
Evidence · table
“1.00”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 420000Grade: 1.42Grade Unit: %Contained Metal: 13.14Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:8b6d809dbd9be7f5d4fc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 1.42
- Grade Unit
- %
- Contained Metal
- 13.14
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Cold Lake OP shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 420000Grade: 2.08Grade Unit: %Contained Metal: 19.24Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:8b6d809dbd9be7f5d4fc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- inferred
- Tonnes
- 420000
- Grade
- 2.08
- Grade Unit
- %
- Contained Metal
- 19.24
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Cold Lake OP is of moderate grade, providing a valuable polymetallic component, but with lower confidence.
Positive factors
- Grade is moderate for VMS zinc deposits
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · goldTonnes: 420000Grade: 0.34Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:8b6d809dbd9be7f5d4fc
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Cold Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · silverTonnes: 420000Grade: 21Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:8b6d809dbd9be7f5d4fc
- Deposit or zone
- Cold Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Cold Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“21.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 420000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:8b6d809dbd9be7f5d4fc
- Deposit or zone
- Cold Lake
Resource Data
- Category
- inferred
- Tonnes
- 420000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Cold Lake OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“2.70”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 480000Grade: 1.38Grade Unit: %Contained Metal: 14.44Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:0628ab06b1bcb954ddfb
- Deposit or zone
- Lost Lake
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 1.38
- Grade Unit
- %
- Contained Metal
- 14.44
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Lost Lake OP shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 480000Grade: 3.31Grade Unit: %Contained Metal: 34.61Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:0628ab06b1bcb954ddfb
- Deposit or zone
- Lost Lake
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 3.31
- Grade Unit
- %
- Contained Metal
- 34.61
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Lost Lake OP is of strong grade, providing a valuable polymetallic component, but with lower confidence.
Positive factors
- Grade is strong for VMS zinc deposits
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · goldTonnes: 480000Grade: 0.76Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:0628ab06b1bcb954ddfb
- Deposit or zone
- Lost Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Lost Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · silverTonnes: 480000Grade: 17Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:0628ab06b1bcb954ddfb
- Deposit or zone
- Lost Lake
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Lost Lake OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“17.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 480000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:0628ab06b1bcb954ddfb
- Deposit or zone
- Lost Lake
Resource Data
- Category
- inferred
- Tonnes
- 480000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Lost Lake OP Inferred resource is exceptional, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is exceptional for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“3.50”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 5820000Grade: 0.97Grade Unit: %Contained Metal: 124.4Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:431d837f4cedbc83bd4d
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.97
- Grade Unit
- %
- Contained Metal
- 124.4
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Bob OP shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 5820000Grade: 0.8Grade Unit: %Contained Metal: 102.73Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:431d837f4cedbc83bd4d
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 102.73
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
- Inferred category indicates lower geological confidence
Evidence · table
“0.80”
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 5820000Grade: 0.28Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:431d837f4cedbc83bd4d
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · silverTonnes: 5820000Grade: 6Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:431d837f4cedbc83bd4d
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Bob OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“6.0”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 5820000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:431d837f4cedbc83bd4d
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 5820000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Bob OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.50”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 4190000Grade: 1.04Grade Unit: %Contained Metal: 95.94Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b5998b9c8b6831384654
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 1.04
- Grade Unit
- %
- Contained Metal
- 95.94
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Bob UG shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 4190000Grade: 0.96Grade Unit: %Contained Metal: 88.56Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b5998b9c8b6831384654
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 0.96
- Grade Unit
- %
- Contained Metal
- 88.56
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · goldTonnes: 4190000Grade: 0.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b5998b9c8b6831384654
- Deposit or zone
- Bob
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological confidence
Evidence · table
“0.30”
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 4190000Grade: 7.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b5998b9c8b6831384654
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- Grade
- 7.3
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Bob UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“7.3”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 4190000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:b5998b9c8b6831384654
- Deposit or zone
- Bob
Resource Data
- Category
- inferred
- Tonnes
- 4190000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Bob UG Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.70”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 2880000Grade: 1.23Grade Unit: %Contained Metal: 77.9Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:57506f4e84bc0e1068f5
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 1.23
- Grade Unit
- %
- Contained Metal
- 77.9
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Jungle OP shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 2880000Grade: 0.78Grade Unit: %Contained Metal: 49.43Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:57506f4e84bc0e1068f5
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 0.78
- Grade Unit
- %
- Contained Metal
- 49.43
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS zinc deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · goldTonnes: 2880000Grade: 0.28Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:57506f4e84bc0e1068f5
- Deposit or zone
- Jungle
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · silverTonnes: 2880000Grade: 6.8Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:57506f4e84bc0e1068f5
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- Grade
- 6.8
- Grade Unit
- g/t
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Jungle OP is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“6.8”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 2880000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:57506f4e84bc0e1068f5
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 2880000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Jungle OP Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.80”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104.26Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:c2a1046f45ed85bf73dc
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104.26
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: This inferred resource for copper at Jungle UG shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · zincTonnes: 4380000Grade: 1.08Grade Unit: %Contained Metal: 104.25Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:c2a1046f45ed85bf73dc
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 1.08
- Grade Unit
- %
- Contained Metal
- 104.25
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred zinc resource at Jungle UG is of moderate grade, providing a valuable polymetallic component, but with lower confidence.
Positive factors
- Grade is moderate for VMS zinc deposits
Negative factors
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · goldTonnes: 4380000Grade: 0.16Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:c2a1046f45ed85bf73dc
- Deposit or zone
- Jungle
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred gold resource at Jungle UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · silverTonnes: 4380000Grade: 5.4Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:c2a1046f45ed85bf73dc
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- Grade
- 5.4
- Grade Unit
- g/t
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The inferred silver resource at Jungle UG is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological confidence
Evidence · table
“5.4”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 4380000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:c2a1046f45ed85bf73dc
- Deposit or zone
- Jungle
Resource Data
- Category
- inferred
- Tonnes
- 4380000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The copper equivalent grade for Jungle UG Inferred resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.70”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 9590000Grade: 1.1Grade Unit: %Contained Metal: 229.88Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:f437d46dc0224355bec7
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 229.88
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred open pit copper resource shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
- Open pit mining method suggests lower operating costs
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.10”
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 9590000Grade: 1Grade Unit: %Contained Metal: 206.01Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:f437d46dc0224355bec7
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 206.01
- Contained Unit
- m lb
- Cutoff Grade
- 20
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred open pit zinc resource is of moderate grade, providing a valuable polymetallic component, but with lower confidence.
Positive factors
- Grade is moderate for VMS zinc deposits
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.00”
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 9590000Grade: 0.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:f437d46dc0224355bec7
- Deposit or zone
- Total Inferred
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred open pit gold resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological confidence
Evidence · table
“0.30”
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 9590000Grade: 7.7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:f437d46dc0224355bec7
- Deposit or zone
- Total Inferred
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred open pit silver resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological 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 Copper-Gold Zinc-Silver- Project · copperTonnes: 9590000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:f437d46dc0224355bec7
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 9590000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred open pit copper equivalent resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.70”
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 Copper-Gold Zinc-Silver- Project · copperTonnes: 8570000Grade: 1.1Grade Unit: %Contained Metal: 200.2Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e51008fa8a6394906c93
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1.1
- Grade Unit
- %
- Contained Metal
- 200.2
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred underground copper resource shows strong grade, but the inferred category means lower confidence for economic studies.
Positive factors
- Grade is strong for VMS copper deposits
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.10”
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 Copper-Gold Zinc-Silver- Project · zincTonnes: 8570000Grade: 1Grade Unit: %Contained Metal: 192.81Contained Unit: m lbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e51008fa8a6394906c93
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- Grade
- 1
- Grade Unit
- %
- Contained Metal
- 192.81
- Contained Unit
- m lb
- Cutoff Grade
- 55
- Cutoff Unit
- US$/t
Prior Estimate
- Resource Date
- 2026-04-22
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred underground zinc resource is of moderate grade, providing a valuable polymetallic component, but with lower confidence.
Positive factors
- Grade is moderate for VMS zinc deposits
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.00”
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 Copper-Gold Zinc-Silver- Project · goldTonnes: 8570000Grade: 0.2Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e51008fa8a6394906c93
- Deposit or zone
- Total Inferred
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred underground gold resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS gold deposits
- Inferred category indicates lower geological confidence
Evidence · table
“0.20”
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 Copper-Gold Zinc-Silver- Project · silverTonnes: 8570000Grade: 6.3Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e51008fa8a6394906c93
- Deposit or zone
- Total Inferred
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
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred underground silver resource is of weak grade and lower confidence, contributing to the overall polymetallic nature but not a primary driver.
Negative factors
- Grade is weak for VMS silver deposits
- Inferred category indicates lower geological 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
inferredSherridon Copper-Gold Zinc-Silver- Project · copperTonnes: 8570000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sherridon Copper-Gold Zinc-Silver- Project
- 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
- Mr. Geoffrey Reed, Mr. Bengt Anders Hogrelius, Mr. Bouke van 't Riet
- Resource group id
- resource:e51008fa8a6394906c93
- Deposit or zone
- Total Inferred
Resource Data
- Category
- inferred
- Tonnes
- 8570000
- 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
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-05-07T00:00:00.000Z
Dates
- Event date
- 2026-06-26T00:00:00.000Z
Reasoning: The total inferred underground copper equivalent resource is strong, indicating significant overall polymetallic value, but with lower confidence.
Positive factors
- Copper equivalent grade is strong for VMS deposits
- Copper equivalent grade provides a combined value for polymetallic mineralization
Negative factors
- Inferred category indicates lower geological confidence
Evidence · table
“1.70”
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.