Troilus présente un rapport technique mis à jour à la suite de l’achèvement de l’ingénierie de base, faisant ressortir une VAN après impôt à 5 % de 3,2 G$ US, un TRI de 22 % et des flux de trésorerie de 6,9 G$ US selon le scénario de base reposant sur un prix de l’or de 3 600 $ US l’once
Original announcement by globenewswire on
- Company
- Corporation minière Troilus
- Ticker
- TLG
- Exchange
- Unavailable
- Region
- Quebec, Canada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update, Metallurgy, Other
- Extracted
- 2026-09-09 12:33:48 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Troilus Mining Corp. has released an updated technical report for its Troilus gold-copper project in Quebec, Canada, highlighting robust economics and an expanded mineral reserve. The report outlines a post-tax NPV5% of US$3.2 billion, an IRR of 22%, and a 26-year mine life, with total payable production of 5.63 Moz gold, 472 Mlb copper, and 10.88 Moz silver. Mineral reserves increased by 26% to 478 Mt, with initial capital costs estimated at US$1.428 billion, backed by advanced engineering and market-validated pricing.
Reasoning: Troilus has released an updated technical report that significantly enhances the project's economic and operational profile. The report details a substantial increase in mineral reserves and contained metal, improved financial metrics (NPV, IRR), and a longer mine life, all supported by a higher level of engineering and cost definition. The use of a conventional, cyanide-free processing route further de-risks the project.
Positive factors
- Significant increase in mineral reserves (26% tonnage increase) and contained metal for gold, copper, and silver.
- Improved economic parameters with a post-tax NPV5% of US$3.2 billion and IRR of 22%.
- Higher confidence in capital cost estimates due to advanced engineering (95,000 hours) and market-validated pricing (90%).
- Extended mine life of 26 years and improved stripping ratio (2.4:1 vs 3.1:1 previously).
- Conventional processing route with gravity concentration and flotation, producing gold-rich copper concentrate and gold/silver doré, without cyanide.
Negative factors
- Resource cut-off grade changed from AuEq to NSR, which can make direct comparison to prior estimates less straightforward.
- The resource estimate includes inferred resources, which are less certain.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 18
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Mineral reserve tonnage increased by 26% from 380 Mt to 478 Mt compared to the 2024 feasibility study.
Evidence · text
“Le tonnage des réserves a augmenté d’environ 26 % par rapport à l’étude de faisabilité de 2024”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Total payable copper production over mine life increased by approximately 21% compared to the 2024 feasibility study.
Evidence · text
“production payable de cuivre sur la durée de vie de la mine supérieure d’environ 21 % à celle de l’étude de faisabilité de 2024”
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 reviewed and approved by several Qualified Persons (ing., géo.) from BBA, AGP, and WSP.
Evidence · text
“L’information scientifique et technique présentée dans le présent communiqué de presse relativement au rapport technique a été examinée et approuvée par les auteurs concernés du rapport technique présentés au tableau 8, notamment des représentants de BBA Inc., de WSP Canada Inc. et d’AGP Mining Consultants Inc., chacun étant une personne qualifiée indépendante de la Société au sens du Règlement 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report was prepared in accordance with Regulation 43-101 on information concerning mining projects.
Evidence · text
“rapport technique conforme au Règlement 43-101 mis à jour”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for mineral reserves is stated as CA$11.84/t RNF and for mineral resources as CA$11.33/t RNF.
Evidence · text
“Une teneur de coupure fondée sur le revenu net de fonderie (« RNF ») de 11,84 $ CA/t a été utilisée pour définir les réserves.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes 182.5 Mt of inferred resources, which have lower geological confidence.
Evidence · table
“182,5”
Context: Présumées
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document refers to an 'updated' technical report and compares it to a 'feasibility study of 2024', indicating this is not a maiden resource.
Evidence · text
“rapport technique mis à jour”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The processing route includes crushing, HPGR, ball milling, gravity concentration, and flotation.
Evidence · text
“schéma de traitement conventionnel comprenant un concassage en deux étapes, deux unités HPGR parallèles, le broyage à boulets, la concentration gravimétrique et la flottation.”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: The processing route includes gravity concentration, with approximately one-third of gold recovered from this circuit.
Evidence · text
“concentration gravimétrique et la flottation, permettant la production d’un concentré de cuivre riche en or ainsi que de dorés d’or et d’argent.”
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Resource Estimates (15)
provenTroilus · goldTonnes: 49000000Grade: 0.45Grade Unit: g/tContained Metal: 0.71Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Resource Data
- Category
- proven
- Tonnes
- 49000000
- Grade
- 0.45
- Grade Unit
- g/t
- Contained Metal
- 0.71
- Contained Unit
- Moz
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The proven gold reserve provides a high-confidence base for the project's economic viability, with a good grade and substantial contained metal.
Positive factors
- High confidence category (Proven) for a significant amount of gold.
- Grade is within the economic range for open pit gold deposits.
- Contained metal contributes significantly to the overall project scale.
Evidence · table
“0,45”
Context: 49
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTroilus · copperTonnes: 49000000Grade: 0.048Grade Unit: %Contained Metal: 52Contained Unit: MlbView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Resource Data
- Category
- proven
- Tonnes
- 49000000
- Grade
- 0.048
- Grade Unit
- %
- Contained Metal
- 52
- Contained Unit
- Mlb
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Proven copper reserves add to the project's overall metal endowment, though the grade indicates it's a byproduct, contributing to the polymetallic nature.
Positive factors
- High confidence category (Proven) for copper.
- Contributes to polymetallic revenue stream.
Negative factors
- Grade is relatively low for copper, suggesting it's a byproduct.
Evidence · table
“0,048”
Context: 49
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenTroilus · silverTonnes: 49000000Grade: 0.7Grade Unit: g/tContained Metal: 1.1Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Resource Data
- Category
- proven
- Tonnes
- 49000000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 1.1
- Contained Unit
- Moz
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Proven silver reserves provide an additional revenue stream, albeit at a lower grade, supporting the polymetallic nature of the project.
Positive factors
- High confidence category (Proven) for silver.
- Contributes to polymetallic revenue stream.
Negative factors
- Grade is relatively low for silver, suggesting it's a byproduct.
Evidence · table
“0,70”
Context: 49
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTroilus · goldTonnes: 429000000Grade: 0.43Grade Unit: g/tContained Metal: 5.98Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Resource Data
- Category
- probable
- Tonnes
- 429000000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 5.98
- Contained Unit
- Moz
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The probable gold reserves represent a significant portion of the project's value, with a strong grade and large contained metal, indicating robust economic potential.
Positive factors
- Large tonnage in the probable category, significantly increasing the overall reserve base.
- Good gold grade for an open pit operation.
- Substantial contained gold metal.
Evidence · table
“0,43”
Context: 429
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTroilus · copperTonnes: 429000000Grade: 0.055Grade Unit: %Contained Metal: 517Contained Unit: MlbView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Resource Data
- Category
- probable
- Tonnes
- 429000000
- Grade
- 0.055
- Grade Unit
- %
- Contained Metal
- 517
- Contained Unit
- Mlb
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Probable copper reserves add substantial contained metal, reinforcing the project's polymetallic nature and providing a valuable byproduct stream.
Positive factors
- Large contained copper metal in the probable category.
- Contributes significantly to the polymetallic revenue stream.
Negative factors
- Grade is relatively low for copper, suggesting it's a byproduct.
Evidence · table
“0,055”
Context: 429
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableTroilus · silverTonnes: 429000000Grade: 0.95Grade Unit: g/tContained Metal: 13.12Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Resource Data
- Category
- probable
- Tonnes
- 429000000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 13.12
- Contained Unit
- Moz
- Cutoff Grade
- 11.84
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Probable silver reserves provide a significant additional revenue stream, enhancing the project's overall economic robustness.
Positive factors
- Large contained silver metal in the probable category.
- Contributes to the polymetallic revenue stream.
Negative factors
- Grade is relatively low for silver, suggesting it's a byproduct.
Evidence · table
“0,95”
Context: 429
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
measuredTroilus · goldTonnes: 81600000Grade: 0.35Grade Unit: g/tContained Metal: 0.9Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Resource Data
- Category
- measured
- Tonnes
- 81600000
- Grade
- 0.35
- Grade Unit
- g/t
- Contained Metal
- 0.9
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The measured gold resource provides a high-confidence foundation for the project, with a solid grade and significant contained metal, supporting future reserve conversion.
Positive factors
- Highest confidence category (Measured) for a substantial tonnage.
- Good gold grade for an open pit operation.
- Contributes to the overall project scale with high confidence.
Evidence · table
“0,35”
Context: 81,6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
measuredTroilus · copperTonnes: 81600000Grade: 0.042Grade Unit: %Contained Metal: 76.4Contained Unit: MlbView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Resource Data
- Category
- measured
- Tonnes
- 81600000
- Grade
- 0.042
- Grade Unit
- %
- Contained Metal
- 76.4
- Contained Unit
- Mlb
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Measured copper resources add to the project's overall metal endowment with high confidence, though the grade indicates it's a byproduct.
Positive factors
- High confidence category (Measured) for copper.
- Contributes to polymetallic revenue stream.
Negative factors
- Grade is relatively low for copper, suggesting it's a byproduct.
Evidence · table
“0,042”
Context: 81,6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
measuredTroilus · silverTonnes: 81600000Grade: 0.64Grade Unit: g/tContained Metal: 1.7Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Resource Data
- Category
- measured
- Tonnes
- 81600000
- Grade
- 0.64
- Grade Unit
- g/t
- Contained Metal
- 1.7
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Measured silver resources provide an additional revenue stream with high confidence, supporting the polymetallic nature of the project.
Positive factors
- High confidence category (Measured) for silver.
- Contributes to polymetallic revenue stream.
Negative factors
- Grade is relatively low for silver, suggesting it's a byproduct.
Evidence · table
“0,64”
Context: 81,6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedTroilus · goldTonnes: 728600000Grade: 0.39Grade Unit: g/tContained Metal: 9.2Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Resource Data
- Category
- indicated
- Tonnes
- 728600000
- Grade
- 0.39
- Grade Unit
- g/t
- Contained Metal
- 9.2
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The indicated gold resource is a cornerstone of the project, offering a large, well-defined base for future development and reserve conversion.
Positive factors
- Very large tonnage in the indicated category, forming the bulk of the resource.
- Good gold grade for an open pit operation.
- Substantial contained gold metal, providing significant future potential.
Evidence · table
“0,39”
Context: 728,6
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"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedTroilus · copperTonnes: 728600000Grade: 0.049Grade Unit: %Contained Metal: 792.1Contained Unit: MlbView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Resource Data
- Category
- indicated
- Tonnes
- 728600000
- Grade
- 0.049
- Grade Unit
- %
- Contained Metal
- 792.1
- Contained Unit
- Mlb
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Indicated copper resources provide a substantial byproduct stream, enhancing the project's overall economic resilience.
Positive factors
- Very large contained copper metal in the indicated category.
- Significant contribution to the polymetallic revenue stream.
Negative factors
- Grade is relatively low for copper, suggesting it's a byproduct.
Evidence · table
“0,049”
Context: 728,6
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"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
indicatedTroilus · silverTonnes: 728600000Grade: 0.84Grade Unit: g/tContained Metal: 19.6Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Resource Data
- Category
- indicated
- Tonnes
- 728600000
- Grade
- 0.84
- Grade Unit
- g/t
- Contained Metal
- 19.6
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Indicated silver resources add a substantial additional revenue stream, further diversifying the project's economic base.
Positive factors
- Very large contained silver metal in the indicated category.
- Significant contribution to the polymetallic revenue stream.
Negative factors
- Grade is relatively low for silver, suggesting it's a byproduct.
Evidence · table
“0,84”
Context: 728,6
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"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
inferredTroilus · goldTonnes: 182500000Grade: 0.34Grade Unit: g/tContained Metal: 2Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Resource Data
- Category
- inferred
- Tonnes
- 182500000
- Grade
- 0.34
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The inferred gold resource represents upside potential for the project, but requires additional drilling to upgrade to higher confidence categories.
Positive factors
- Significant tonnage and contained gold in the inferred category, indicating future growth potential.
Negative factors
- Inferred category has lower geological confidence and cannot be used for economic studies without further drilling.
Evidence · table
“0,34”
Context: 182,5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
inferredTroilus · copperTonnes: 182500000Grade: 0.044Grade Unit: %Contained Metal: 177.8Contained Unit: MlbView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Resource Data
- Category
- inferred
- Tonnes
- 182500000
- Grade
- 0.044
- Grade Unit
- %
- Contained Metal
- 177.8
- Contained Unit
- Mlb
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Inferred copper resources add to the project's potential, but their lower confidence requires further work to be considered in economic studies.
Positive factors
- Additional contained copper metal in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Grade is relatively low for copper, suggesting it's a byproduct.
Evidence · table
“0,044”
Context: 182,5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
inferredTroilus · silverTonnes: 182500000Grade: 0.72Grade Unit: g/tContained Metal: 4.2Contained Unit: MozView all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Resource Data
- Category
- inferred
- Tonnes
- 182500000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 4.2
- Contained Unit
- Moz
- Cutoff Grade
- 11.33
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: Inferred silver resources contribute to the project's overall metal potential, but require further definition to increase confidence.
Positive factors
- Additional contained silver metal in the inferred category.
Negative factors
- Inferred category has lower geological confidence.
- Grade is relatively low for silver, suggesting it's a byproduct.
Evidence · table
“0,72”
Context: 182,5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
Metallurgical Results (3)
flotation, gravity, HPGR, ball millTroilus · goldRecovery: 86.7 %View all detailsHide details
Identity
- Project
- Troilus
- Commodity
- gold
- Ticker
- TLG
Test Work
- Program Status
- detailed
- Test Type
- flotation, gravity, HPGR, ball mill
- Processing Route
- conventional flowsheet comprising crushing, HPGR, ball milling, gravity concentration and flotation
Recovery
- Recovery
- 86.7 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- unspecified
- Consultant
- BBA Inc.
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The reported gold recovery is strong for the conventional, cyanide-free processing route, indicating good metallurgical performance and reduced environmental impact.
Positive factors
- High gold recovery for the chosen processing route.
- Conventional and proven processing route.
- Cyanide-free process, reducing environmental risk.
Evidence · text
“taux de recouvrement moyens pendant la préproduction et la période d’exploitation minière active d’environ 86,7 % pour l’or”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
flotation, gravity, HPGR, ball millTroilus · copperRecovery: 89.6 %View all detailsHide details
Identity
- Project
- Troilus
- Commodity
- copper
- Ticker
- TLG
Test Work
- Program Status
- detailed
- Test Type
- flotation, gravity, HPGR, ball mill
- Processing Route
- conventional flowsheet comprising crushing, HPGR, ball milling, gravity concentration and flotation
Recovery
- Recovery
- 89.6 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- unspecified
- Consultant
- BBA Inc.
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The reported copper recovery is excellent for the conventional processing route, contributing significantly to the project's economic viability.
Positive factors
- Very high copper recovery for the chosen processing route.
- Conventional and proven processing route.
- Cyanide-free process, reducing environmental risk.
Evidence · text
“89,6 % pour le cuivre”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
flotation, gravity, HPGR, ball millTroilus · silverRecovery: 87.5 %View all detailsHide details
Identity
- Project
- Troilus
- Commodity
- silver
- Ticker
- TLG
Test Work
- Program Status
- detailed
- Test Type
- flotation, gravity, HPGR, ball mill
- Processing Route
- conventional flowsheet comprising crushing, HPGR, ball milling, gravity concentration and flotation
Recovery
- Recovery
- 87.5 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- unspecified
- Consultant
- BBA Inc.
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-09T00:00:00.000Z
Reasoning: The reported silver recovery is strong for the conventional processing route, adding value to the polymetallic production.
Positive factors
- High silver recovery for the chosen processing route.
- Conventional and proven processing route.
- Cyanide-free process, reducing environmental risk.
Evidence · text
“87,5 % pour l’argent”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
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.