# Mining News in Republic Of Ireland

Canonical page: https://atlas-extractions.minestarters.com/news?regions=republic+of+ireland

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 15
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: Republic Of Ireland (republic of ireland)
Applied filters: {"regions":["republic of ireland"],"document_types":["drill_results","resource_update","metallurgy"],"document_type_match":"any"}
Sort: published_at desc
Offset: 0; page size: 10


[Next page](https://atlas-extractions.minestarters.com/news.md?regions=republic+of+ireland&page=2&page_size=10)

## Northmin Announces Positive Metallurgical Test Work Results from the Mineral Resources at Tynagh

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/northmin-announces-positive-metallurgical-test-work-results-from-the-mineral-res--d5710073-fa11-40c4-b411-4bc80650b52f) · [Markdown](https://atlas-extractions.minestarters.com/news/northmin-announces-positive-metallurgical-test-work-results-from-the-mineral-res--d5710073-fa11-40c4-b411-4bc80650b52f.md)
- Original announcement: 2026-09-14T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Northmin Corporation (NMB)
- Original source: [yahoo_press](https://finance.yahoo.com/markets/commodities/articles/northmin-announces-positive-metallurgical-test-100000949.html)
- Atlas sentiment: 0.165
- Atlas tags: Mill Route

Northmin Corporation has announced positive metallurgical test results from its West Pond tailings resource at the Tynagh Project in Ireland. The company engaged Loop Hydrometallurgy to conduct a scoping study for tailings re-treatment.

## NorthMin Corporation Announces Additional Barite Results Following Reanalysis of Drill Core Samples from Recently Reported High-Grade Copper and Polymetallic Intersections and Provides Update on Drilling Activities

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/northmin-corporation-announces-additional-barite-results-following-reanalysis-of--5786c517-5c5b-4da3-a2d5-930f4ead926f) · [Markdown](https://atlas-extractions.minestarters.com/news/northmin-corporation-announces-additional-barite-results-following-reanalysis-of--5786c517-5c5b-4da3-a2d5-930f4ead926f.md)
- Original announcement: 2026-08-18T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Northmin Corporation (NMB)
- Original source: [yahoo_press](https://finance.yahoo.com/markets/commodities/articles/northmin-corporation-announces-additional-barite-100000990.html)
- Atlas sentiment: 0.131
- Atlas tags: Infill Drilling

Northmin Corporation has released additional barium assay results following the reanalysis of drill core from its Tynagh Project in Ireland. The results relate to previously reported high-grade copper and polymetallic (Zn-Pb-Ag-Cu) intersections.

## Northmin Corporation Announces High Grade Copper Drilling Results from the Tynagh Project and the Issuance of Options to Directors, Officers and Employees

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/northmin-corporation-announces-high-grade-copper-drilling-results-from-the-tynag--19a376e5-d72a-41e0-9f76-e5b70aa20bf9) · [Markdown](https://atlas-extractions.minestarters.com/news/northmin-corporation-announces-high-grade-copper-drilling-results-from-the-tynag--19a376e5-d72a-41e0-9f76-e5b70aa20bf9.md)
- Original announcement: 2026-07-13T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Northmin Corporation (NMB)
- Original source: [yahoo_press](https://finance.yahoo.com/markets/commodities/articles/northmin-corporation-announces-high-grade-100000480.html)
- Atlas sentiment: 0
- Atlas tags: No QA/QC Disclosure

Northmin Corporation announced the first assay results from two drill holes at its Tynagh Project in Ireland. The company also issued 3.5 million incentive stock options to personnel.

## Northmin Corp Announces High Grade Silver in the Tynagh Stockpile

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/northmin-corp-announces-high-grade-silver-in-the-tynagh-stockpile--7ccaf5ec-46b0-4663-b335-10cea2a559d2) · [Markdown](https://atlas-extractions.minestarters.com/news/northmin-corp-announces-high-grade-silver-in-the-tynagh-stockpile--7ccaf5ec-46b0-4663-b335-10cea2a559d2.md)
- Original announcement: 2026-07-06T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Northmin Corp. (NMB)
- Original source: [yahoo_press](https://finance.yahoo.com/markets/commodities/articles/northmin-corp-announces-high-grade-100000427.html)
- Atlas sentiment: 0.104
- Atlas tags: No QA/QC Disclosure, Nearology Play

Northmin Corp announced rock sample assay results from its initial assessment of the Tynagh mine site stockpile in Ireland. While the headline claims high-grade silver, the document text does not provide specific assay grades or interval widths.

## Group Eleven Drills Nine Cu-Ag Intervals, including 23.60% Cu, 506 g/t Ag, 2.04% Sb over 0.6m in a Wider 2.8m Zone and 6.6m of 1.60% Cu, 83 g/t Ag, 0.19% Sb

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-drills-nine-cu-ag-intervals-including-23-60-cu-506-g-t-ag-2-04-sb-o--90ddec3f-3198-4b12-b443-adc180e9ec93) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-drills-nine-cu-ag-intervals-including-23-60-cu-506-g-t-ag-2-04-sb-o--90ddec3f-3198-4b12-b443-adc180e9ec93.md)
- Original announcement: 2026-06-11T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/4829543575919148/group-eleven-drills-nine-cu-ag-intervals-including-23-60-cu-506-g-t-ag-2-04-sb-o)
- Atlas sentiment: 0.842
- Atlas tags: Bonanza Intercept, True Width Disclosed, Step-Out Extension, QA/QC Disclosed, Deleterious Elements Present, Cut-off Undisclosed

Group Eleven Resources announced new assay results from drill hole 26-3552-57 at its Ballywire discovery in Ireland, revealing nine zones of copper-silver mineralization. Highlights include a bonanza intercept of 0.6m grading 23.60% Cu, 506 g/t Ag, and 2.04% Sb, as well as 6.6m at 1.60% Cu, 83 g/t Ag, and 0.19% Sb. These results extend the Deeper Cu-Ag mineralization to an impressive strike length of 430m, with the company noting the high copper grades are among the best in Ireland's recent history.

## Group Eleven Drills 11.8m of 13.4% Zn+Pb (3.3% Zn and 10.1% Pb) and 45 g/t Ag in 80m Step-Out; and Confirms Deeper Cu-Ag Mineralization in 720m Step-Out

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-drills-11-8m-of-13-4-zn-pb-3-3-zn-and-10-1-pb-and-45-g-t-ag-in-80m--fb273457-f80a-4d65-8e70-a774c61c2138) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-drills-11-8m-of-13-4-zn-pb-3-3-zn-and-10-1-pb-and-45-g-t-ag-in-80m--fb273457-f80a-4d65-8e70-a774c61c2138.md)
- Original announcement: 2026-05-28T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/7081324622291165/group-eleven-drills-11-8m-of-13-4-zn-pb-3-3-zn-and-10-1-pb-and-45-g-t-ag-in-80m-)
- Atlas sentiment: 0.748
- Atlas tags: None

Group Eleven Resources announced new drill results from its Ballywire discovery in the Republic of Ireland, including a high-grade intercept of 11.8m at 3.3% Zn, 10.1% Pb, and 45 g/t Ag in an 80m step-out hole. The company also confirmed deeper copper-silver mineralization in a 720m step-out, significantly extending the known mineralized footprint. These results are supported by a substantially increased drill program, funded by a recent C$12.0m financing.

## Group Eleven Drills 23.5m of 12.3% Zn+Pb and 46 g/t Ag, Further Confirms Deeper Cu-Ag Mineralization and Extends Mineralized Strike by 600m to 3.2km

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-drills-23-5m-of-12-3-zn-pb-and-46-g-t-ag-further-confirms-deeper-cu--a260d5fc-7e7e-47f8-a1f4-bb897626c435) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-drills-23-5m-of-12-3-zn-pb-and-46-g-t-ag-further-confirms-deeper-cu--a260d5fc-7e7e-47f8-a1f4-bb897626c435.md)
- Original announcement: 2026-04-16T10:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/7179313468668130/group-eleven-drills-23-5m-of-12-3-zn-pb-and-46-g-t-ag-further-confirms-deeper-cu)
- Atlas sentiment: 0.473
- Atlas tags: None

Group Eleven Resources Corp. announced new assay results from its Ballywire discovery in the Republic of Ireland, including high-grade zinc-lead-silver intercepts and confirmation of deeper copper-silver mineralization. Hole 25-3552-53 returned 23.5m of 12.3% Zn+Pb and 46 g/t Ag, while hole 25-3552-52 extended the mineralized strike length by 600m to 3.2km. The company has also increased its funded drill program to between 67,000m and 75,000m.

## Group Eleven Extends Previous Hit to 52.3m of 10.3% Zn+Pb, 330 g/t Ag and 0.40% Cu, Plus Drills Three New Deeper Cu-Ag Zones in 350m Step-Out, incl. 3.7m of 225 g/t Ag and 1.03% Cu

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-extends-previous-hit-to-52-3m-of-10-3-zn-pb-330-g-t-ag-and-0-40-cu--16a8d51a-afcb-4ced-b8f6-c90506de01f7) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-extends-previous-hit-to-52-3m-of-10-3-zn-pb-330-g-t-ag-and-0-40-cu--16a8d51a-afcb-4ced-b8f6-c90506de01f7.md)
- Original announcement: 2026-02-25T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/5626677517041172/group-eleven-extends-previous-hit-to-52-3m-of-10-3-zn-pb-330-g-t-ag-and-0-40-cu-)
- Atlas sentiment: 0.748
- Atlas tags: None

Group Eleven Resources has announced new drill results from its Ballywire discovery in the Republic of Ireland, extending a previous high-grade intercept to 52.3m of 10.3% Zn+Pb, 330 g/t Ag, and 0.40% Cu. The company also drilled three new deeper copper-silver zones in a 350m step-out, including 3.7m of 225 g/t Ag and 1.03% Cu. These results significantly expand the known mineralization and provide strong evidence for the continuity of Cu-Ag bearing fault zones across the Ballywire discovery.

## Group Eleven Drills 29.9m of 15.3% Zn+Pb, 552 g/t Ag and 0.67% Cu (from 339m), Incl. 8.4m of 18.2% Zn+Pb, 1776 g/t Ag and 2.21% Cu, Extending Massive Sulphide Zone by 80m at Ballywire

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-drills-29-9m-of-15-3-zn-pb-552-g-t-ag-and-0-67-cu-from-339m-incl-8--34cef584-b16d-4573-9349-92bc7a2b3644) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-drills-29-9m-of-15-3-zn-pb-552-g-t-ag-and-0-67-cu-from-339m-incl-8--34cef584-b16d-4573-9349-92bc7a2b3644.md)
- Original announcement: 2026-01-19T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/6520985301422334/group-eleven-drills-29-9m-of-15-3-zn-pb-552-g-t-ag-and-0-67-cu-from-339m-incl-8-)
- Atlas sentiment: 0.842
- Atlas tags: None

Group Eleven Resources announced exceptional drill results from its Ballywire discovery in the Republic of Ireland, including 29.9m of 15.3% Zn+Pb, 552 g/t Ag, and 0.67% Cu in hole 25-3552-51, which extended the massive sulphide zone by 80m. The company also discovered a new mineralized zone in a 400m gap with hole 25-468-19, intersecting 32.3m of 3.0% Zn+Pb and 11 g/t Ag. These results significantly expand the known mineralization and indicate substantial exploration upside at the project.

## Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag

- Atlas analysis: [Read analysis](https://atlas-extractions.minestarters.com/news/group-eleven-drills-new-mineralized-zone-south-of-main-discovery-trend-at-ballyw--2fc93441-26ea-487b-a973-11774bea2d38) · [Markdown](https://atlas-extractions.minestarters.com/news/group-eleven-drills-new-mineralized-zone-south-of-main-discovery-trend-at-ballyw--2fc93441-26ea-487b-a973-11774bea2d38.md)
- Original announcement: 2025-12-02T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Group Eleven Resources Corp. (GRLVF)
- Original source: [tmx](https://money.tmx.com/en/quote/GRLVF/news/7279137067085676/group-eleven-drills-new-mineralized-zone-south-of-main-discovery-trend-at-ballyw)
- Atlas sentiment: 0.722
- Atlas tags: Step-Out Extension, QA/QC Disclosed, True Width Disclosed, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept

Group Eleven Resources announced significant drill results from two step-out holes at its Ballywire discovery in the Republic of Ireland, including the discovery of a new mineralized zone south of the main trend. Hole 25-3552-47 intersected 7.31m of 5.16% Zn+Pb and 10.1 g/t Ag, with a high-grade sub-interval of 1.93m of 10.75% Zn+Pb and 18.7 g/t Ag. Hole 25-3552-45 also returned strong zinc-lead-silver intercepts, demonstrating the potential for additional parallel mineralized zones and extending known mineralization.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **Deleterious Elements Present:** A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** M&I share below the weak bound — very early stage, no engineering confidence.
- **Tonnage Growth:** Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Grade Decline:** Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **QP/CP Signed:** 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.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** 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.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.
- **DFS Bankable:** AACE Class 2-1 study complete and within the staleness window.
- **PFS Complete:** AACE Class 3 study complete.
- **PEA Only:** Only Class 4 / Initial Assessment economics available. Not bankable.
- **No Study:** No formal economic study — no engineering basis for the economics quoted.
- **Stale Study:** Beyond the staleness window measured from the estimate base date.
- **Inferred Heavy Feed:** Material Inferred share of LOM mill feed, or the share is undisclosed.
- **Resource Governance Undisclosed:** No QA/QC, top-cut methodology or QP independence disclosed. Caps study quality at the moderate tier.
- **NPV Cut vs Prior Study:** A restated study reduces NPV materially against its own predecessor on the same asset.
- **High IRR:** Post-tax real unlevered IRR in the strong tier or better.
- **Low IRR:** IRR below the moderate tier.
- **Below Jurisdiction Hurdle:** IRR below the greenfield or brownfield hurdle for its jurisdiction tier.
- **IRR Basis Undisclosed:** Real vs nominal not stated, so the tier is not comparable across studies.
- **Undervalued PNAV:** Funding-adjusted P/NAV in the strong tier or better.
- **Overvalued PNAV:** Funding-adjusted P/NAV in the red-flag tier.
- **Fast Payback:** Payback in the strong tier or better, on the required basis.
- **Slow Payback:** Payback in the weak tier or worse.
- **Bottom Quartile Cost:** P0-25 of the relevant commodity cost curve.
- **Top Quartile Cost:** P75-100 of the relevant commodity cost curve — first to cut in a downturn.
- **Cost Basis Undisclosed:** By-product vs co-product not stated, so quartile placement is unreliable.
- **Low Capital Intensity:** Below the benchmark for its project type.
- **High Capital Intensity:** Above the benchmark for its project type.
- **Conservative Pricing:** Conservative on the worst of the spot, 3-year and consensus comparisons.
- **Aggressive Pricing:** The study only works on a stretched price deck.
- **No Price Sensitivity:** No price sensitivity disclosed — treated as a deliberate signal, not a neutral gap.
- **No Discount Rate Sensitivity:** Blocks NPV normalisation to the common rate without reconstruction.
- **Price Deck Unstructured:** Prices given only as free text, so conservatism cannot be scored.
- **Long Reserve Life:** Reserve life index in the top tier of the single ladder.
- **Short Reserve Life:** Reserve life index in the critical tier.
- **Resource Life Upside:** Wide gap between reserve life and resource life — conversion upside rather than discovery dependence.
- **Fully Funded:** Funding coverage at or above 1.0x counting committed facilities only.
- **Material Funding Gap:** Funding coverage below the substantially-funded band.
- **Funding Gap Exceeds Market Cap:** Red flag regardless of headline NPV — the upside is not reachable by the current equity holder.
- **Encumbered by Stream:** An existing stream or royalty reduces attributable NAV and restricts future financing.
- **Stability Agreement:** Fiscal terms fixed, with a term covering the mine life.
- **High Government Take:** Total government take above the regional norm as a share of pre-tax cash flow.
- **Fully Permitted:** Key permits granted with no unresolved challenge.
- **Permit Challenge Outstanding:** An appeal or legal challenge is unresolved, which can defer first production indefinitely.
- **No Community Agreement:** Permits held but no IBA or benefit agreement — the start date is unsupported.
- **Closure Underprovisioned:** Closure provision materially below peers, unfunded, or undisclosed.
- **Upstream TSF:** Upstream tailings construction, which is banned in Brazil and Ecuador.