Aftermath Silver Berenguela & Challacollo Project Updates

Original announcement by tmx on

Company
Aftermath Silver Ltd.
Ticker
AAG
Exchange
TSX
Region
Northern Chile
Primary commodity
Silver
Secondary commodities
Gold
Document categories
Resource update, Economic study
Extracted
2026-09-19 06:20:49 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Aftermath Silver provided updates for its Berenguela (Peru) and Challacollo (Chile) projects. The Berenguela Prefeasibility Study is progressing on schedule for early 2027, while the Challacollo project continues drilling to test vein extensions, supported by a restated silver-gold resource estimate.

Reasoning: The document provides a summary of the Challacollo resource (restatement) and an update on the Berenguela PFS progress.

Positive factors

  • Challacollo resource update provides clear silver-gold breakdown
  • Berenguela PFS remains on schedule and budget
  • Ongoing drilling at Challacollo to test extensions

Negative factors

  • Challacollo resource is a restatement of a 2020 estimate
  • QP for Challacollo is noted as non-independent

Facts used in scoring: 20

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides a summary of the Mineral Resource Estimate for the Challacollo project.

Evidence · text

“Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold Project”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Challacollo MRE is based on a technical report from December 15, 2020.

Evidence · text

“announced on December 15, 2020”

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: While a QP is named, the document explicitly states he is a non-independent director.

Evidence · text

“Michael Parker... is a non-independent qualified person”

PFS Completepositive

AACE Class 3 study complete.

Why it applies: The Berenguela project is currently undergoing a Prefeasibility Study (PFS) on schedule.

Evidence · text

“our Prefeasability Report for the Berenguela project is on schedule and on budget”

Extracted facts

Stored fact records: 20. Some facts used in scoring do not have a stored record.

Resource Estimates (20)

indicatedChallacollo Silver-Gold Project · silverTonnes: 5597000Grade: 170Grade Unit: g/tContained Metal: 30639Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
silver
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:1c3730302a4ee9408437
Deposit or zone
Challacollo
Mining method
open_pit
Material type
Open Pit

Resource Data

Category
indicated
Tonnes
5597000
Grade
170
Grade Unit
g/t
Contained Metal
30639
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Indicated silver resource for Challacollo (restatement).

Evidence · table

“170”

Context: 5,597

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

indicatedChallacollo Silver-Gold Project · goldTonnes: 5597000Grade: 0.27Grade Unit: g/tContained Metal: 49Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
gold
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:1c3730302a4ee9408437
Deposit or zone
Challacollo
Mining method
open_pit
Material type
Open Pit

Resource Data

Category
indicated
Tonnes
5597000
Grade
0.27
Grade Unit
g/t
Contained Metal
49
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Indicated gold resource for Challacollo (restatement).

Evidence · table

“0.27”

Context: 5,597

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

indicatedChallacollo Silver-Gold Project · silverTonnes: 1043000Grade: 134Grade Unit: g/tContained Metal: 4510Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
silver
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:aabb0e6192b942658573
Deposit or zone
Challacollo
Mining method
underground
Material type
Underground

Resource Data

Category
indicated
Tonnes
1043000
Grade
134
Grade Unit
g/t
Contained Metal
4510
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Indicated silver resource for Challacollo (restatement).

Evidence · table

“134”

Context: 1,043

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

indicatedChallacollo Silver-Gold Project · goldTonnes: 1043000Grade: 0.29Grade Unit: g/tContained Metal: 10Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
gold
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:aabb0e6192b942658573
Deposit or zone
Challacollo
Mining method
underground
Material type
Underground

Resource Data

Category
indicated
Tonnes
1043000
Grade
0.29
Grade Unit
g/t
Contained Metal
10
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Indicated gold resource for Challacollo (restatement).

Evidence · table

“0.29”

Context: 1,043

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

inferredChallacollo Silver-Gold Project · silverTonnes: 2360000Grade: 117Grade Unit: g/tContained Metal: 8912Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
silver
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:6d47f124d05c44aff113
Deposit or zone
Challacollo
Mining method
open_pit
Material type
Open Pit

Resource Data

Category
inferred
Tonnes
2360000
Grade
117
Grade Unit
g/t
Contained Metal
8912
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Inferred silver resource for Challacollo (restatement).

Evidence · table

“117”

Context: 2,360

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

inferredChallacollo Silver-Gold Project · goldTonnes: 2360000Grade: 0.15Grade Unit: g/tContained Metal: 11Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
gold
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:6d47f124d05c44aff113
Deposit or zone
Challacollo
Mining method
open_pit
Material type
Open Pit

Resource Data

Category
inferred
Tonnes
2360000
Grade
0.15
Grade Unit
g/t
Contained Metal
11
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Inferred gold resource for Challacollo (restatement).

Evidence · table

“0.15”

Context: 2,360

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

inferredChallacollo Silver-Gold Project · silverTonnes: 443000Grade: 157Grade Unit: g/tContained Metal: 2232Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
silver
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:38c8e6c80c9440c78a0a
Deposit or zone
Challacollo
Mining method
underground
Material type
Underground

Resource Data

Category
inferred
Tonnes
443000
Grade
157
Grade Unit
g/t
Contained Metal
2232
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Inferred silver resource for Challacollo (restatement).

Evidence · table

“157”

Context: 443

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

inferredChallacollo Silver-Gold Project · goldTonnes: 443000Grade: 0.26Grade Unit: g/tContained Metal: 4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Challacollo Silver-Gold Project
Commodity
gold
Region
chile
Reported Region
Northern Chile
Ticker
AAG

Resource scope

Estimate type
resource
Resource group id
resource:38c8e6c80c9440c78a0a
Deposit or zone
Challacollo
Mining method
underground
Material type
Underground

Resource Data

Category
inferred
Tonnes
443000
Grade
0.26
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2020-12-15T00:00:00.000Z

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Inferred gold resource for Challacollo (restatement).

Evidence · table

“0.26”

Context: 443

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.7 years before this release

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 5597000Grade: 170Grade Unit: g/tContained Metal: 30639Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:3b41cf732f62f9767f16
Mining method
combined
Material type
Open Pit

Resource Data

Category
indicated
Tonnes
5597000
Grade
170
Grade Unit
g/t
Contained Metal
30639
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“170”

Context: 5,597

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 5597000Grade: 0.27Grade Unit: g/tContained Metal: 49Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:3b41cf732f62f9767f16
Mining method
combined
Material type
Open Pit

Resource Data

Category
indicated
Tonnes
5597000
Grade
0.27
Grade Unit
g/t
Contained Metal
49
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.27”

Context: 5,597

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 1043000Grade: 134Grade Unit: g/tContained Metal: 4510Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:641e6738e7e3c3e5793f
Mining method
combined
Material type
Underground

Resource Data

Category
indicated
Tonnes
1043000
Grade
134
Grade Unit
g/t
Contained Metal
4510
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“134”

Context: 1,043

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 1043000Grade: 0.29Grade Unit: g/tContained Metal: 10Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:641e6738e7e3c3e5793f
Mining method
combined
Material type
Underground

Resource Data

Category
indicated
Tonnes
1043000
Grade
0.29
Grade Unit
g/t
Contained Metal
10
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.29”

Context: 1,043

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 6640000Grade: 165Grade Unit: g/tContained Metal: 35150Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:6ac9c06e565904827d88
Mining method
combined

Resource Data

Category
indicated
Tonnes
6640000
Grade
165
Grade Unit
g/t
Contained Metal
35150
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“165”

Context: 6,640

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

indicatedSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 6640000Grade: 0.27Grade Unit: g/tContained Metal: 58Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:6ac9c06e565904827d88
Mining method
combined

Resource Data

Category
indicated
Tonnes
6640000
Grade
0.27
Grade Unit
g/t
Contained Metal
58
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.27”

Context: 6,640

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 2360000Grade: 117Grade Unit: g/tContained Metal: 8912Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:65f73468a8edc9695bd4
Mining method
combined
Material type
Open Pit

Resource Data

Category
inferred
Tonnes
2360000
Grade
117
Grade Unit
g/t
Contained Metal
8912
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“117”

Context: 2,360

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 2360000Grade: 0.15Grade Unit: g/tContained Metal: 11Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:65f73468a8edc9695bd4
Mining method
combined
Material type
Open Pit

Resource Data

Category
inferred
Tonnes
2360000
Grade
0.15
Grade Unit
g/t
Contained Metal
11
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.15”

Context: 2,360

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 443000Grade: 157Grade Unit: g/tContained Metal: 2232Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:ff3a55e3792b8d5258bd
Mining method
combined
Material type
Underground

Resource Data

Category
inferred
Tonnes
443000
Grade
157
Grade Unit
g/t
Contained Metal
2232
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“157”

Context: 443

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 443000Grade: 0.26Grade Unit: g/tContained Metal: 4Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:ff3a55e3792b8d5258bd
Mining method
combined
Material type
Underground

Resource Data

Category
inferred
Tonnes
443000
Grade
0.26
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.26”

Context: 443

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · silverTonnes: 2803000Grade: 124Grade Unit: g/tContained Metal: 11144Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
silver
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:4dd9ee51bcfad613667a
Mining method
combined

Resource Data

Category
inferred
Tonnes
2803000
Grade
124
Grade Unit
g/t
Contained Metal
11144
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“124”

Context: 2,803

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

inferredSummary of the Mineral Resource Estimate for the Challacollo Silver-Gold · goldTonnes: 2803000Grade: 0.17Grade Unit: g/tContained Metal: 15Contained Unit: kozView all details
Link to this fact

Identity

Project
Summary of the Mineral Resource Estimate for the Challacollo Silver-Gold
Commodity
gold
Ticker
AAG

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
Resource group id
resource:4dd9ee51bcfad613667a
Mining method
combined

Resource Data

Category
inferred
Tonnes
2803000
Grade
0.17
Grade Unit
g/t
Contained Metal
15
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-08-25T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.17”

Context: 2,803

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

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.