Aftermath Silver Completes Final Payment for the Berenguela Silver-Copper-Manganese Project
Original announcement by tmx on
- Company
- Aftermath Silver Ltd.
- Ticker
- AAG
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Silver
- Secondary commodities
- Copper, Manganese, Zinc
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-19 09:05:43 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Aftermath Silver has completed the final US$1.55 million payment to acquire 100% ownership of the Berenguela silver-copper-manganese project. As part of the deal, SSR Mining waived the requirement for a Pre-Feasibility Study by November 2025. The project contains a mineral resource of 40.18 Mt at 78 g/t AgEq as of January 2023.
Reasoning: The company has successfully closed the acquisition of the Berenguela project, securing full ownership and a discount on the final payment, while also gaining flexibility on study timelines.
Positive factors
- Completion of acquisition for 100% ownership
- Early payment discount secured
- Waiver of PFS filing obligation
- Significant mineral resource disclosed
Facts used in scoring: 16
Classification and evidence
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: Dinara Nussipakynova, P.Geo. is named as the Qualified Person for the resource estimate.
Evidence · text
“The Qualified Person is Dinara Nussipakynova, P.Geo., of AMC Mining Consultants (Canada) Ltd.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a cut-off grade of 80 g/t AgEq.
Evidence · text
“Mineral Resources are stated at a cut‐off grade of 80 g/t silver equivalent (AgEq)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes a significant Inferred component.
Evidence · text
“Inferred”
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Resource Estimates (15)
measuredBerenguela · silverTonnes: 6152000Grade: 101Grade Unit: g/tContained Metal: 20Contained Unit: mozView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- silver
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:8aaa0dfcb846bc0ad088
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 6152000
- Grade
- 101
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- moz
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Measured component of the resource.
Evidence · table
“101”
Context: 6.152
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"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
measuredBerenguela · manganeseTonnes: 6152000Grade: 8.89Grade Unit: %Contained Metal: 0.55Contained Unit: mtView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- manganese
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:8aaa0dfcb846bc0ad088
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 6152000
- Grade
- 8.89
- Grade Unit
- %
- Contained Metal
- 0.55
- Contained Unit
- mt
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Measured component of the resource.
Evidence · table
“8.89”
Context: 6.152
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"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
measuredBerenguela · copperTonnes: 6152000Grade: 0.85Grade Unit: %Contained Metal: 115.3Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- copper
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:8aaa0dfcb846bc0ad088
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 6152000
- Grade
- 0.85
- Grade Unit
- %
- Contained Metal
- 115.3
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Measured component of the resource.
Evidence · table
“0.85”
Context: 6.152
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"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
measuredBerenguela · zincTonnes: 6152000Grade: 0.3Grade Unit: %Contained Metal: 41.2Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- zinc
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:8aaa0dfcb846bc0ad088
- Mining method
- open_pit
Resource Data
- Category
- measured
- Tonnes
- 6152000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 41.2
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Measured component of the resource.
Evidence · table
“0.30”
Context: 6.152
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"
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · silverTonnes: 34024000Grade: 74Grade Unit: g/tContained Metal: 81.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- silver
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:48103d93577211ab4733
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 34024000
- Grade
- 74
- Grade Unit
- g/t
- Contained Metal
- 81.2
- Contained Unit
- moz
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource.
Evidence · table
“74”
Context: 34.024
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · manganeseTonnes: 34024000Grade: 5.6Grade Unit: %Contained Metal: 1.9Contained Unit: mtView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- manganese
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:48103d93577211ab4733
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 34024000
- Grade
- 5.6
- Grade Unit
- %
- Contained Metal
- 1.9
- Contained Unit
- mt
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource.
Evidence · table
“5.60”
Context: 34.024
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · copperTonnes: 34024000Grade: 0.63Grade Unit: %Contained Metal: 473.7Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- copper
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:48103d93577211ab4733
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 34024000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 473.7
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource.
Evidence · table
“0.63”
Context: 34.024
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · zincTonnes: 34024000Grade: 0.34Grade Unit: %Contained Metal: 258.1Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- zinc
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:48103d93577211ab4733
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 34024000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 258.1
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource.
Evidence · table
“0.34”
Context: 34.024
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredBerenguela · silverTonnes: 22287000Grade: 54Grade Unit: g/tContained Metal: 38.8Contained Unit: mozView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- silver
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:f2645d3af8334a93ab14
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 22287000
- Grade
- 54
- Grade Unit
- g/t
- Contained Metal
- 38.8
- Contained Unit
- moz
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Inferred component of the resource.
Evidence · table
“54”
Context: 22.287
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredBerenguela · manganeseTonnes: 22287000Grade: 3.57Grade Unit: %Contained Metal: 0.8Contained Unit: mtView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- manganese
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:f2645d3af8334a93ab14
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 22287000
- Grade
- 3.57
- Grade Unit
- %
- Contained Metal
- 0.8
- Contained Unit
- mt
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Inferred component of the resource.
Evidence · table
“3.57”
Context: 22.287
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredBerenguela · copperTonnes: 22287000Grade: 0.42Grade Unit: %Contained Metal: 204.3Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- copper
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:f2645d3af8334a93ab14
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 22287000
- Grade
- 0.42
- Grade Unit
- %
- Contained Metal
- 204.3
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Inferred component of the resource.
Evidence · table
“0.42”
Context: 22.287
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
inferredBerenguela · zincTonnes: 22287000Grade: 0.25Grade Unit: %Contained Metal: 122.8Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- zinc
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:f2645d3af8334a93ab14
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 22287000
- Grade
- 0.25
- Grade Unit
- %
- Contained Metal
- 122.8
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Inferred component of the resource.
Evidence · table
“0.25”
Context: 22.287
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · silverTonnes: 40176000Grade: 78Grade Unit: g/tContained Metal: 101.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- silver
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:acf4442dc9db72db66ea
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 40176000
- Grade
- 78
- Grade Unit
- g/t
- Contained Metal
- 101.2
- Contained Unit
- moz
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“78”
Context: 40.176
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · copperTonnes: 40176000Grade: 0.67Grade Unit: %Contained Metal: 589Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- copper
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:acf4442dc9db72db66ea
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 40176000
- Grade
- 0.67
- Grade Unit
- %
- Contained Metal
- 589
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.67”
Context: 40.176
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
indicatedBerenguela · zincTonnes: 40176000Grade: 0.34Grade Unit: %Contained Metal: 299.3Contained Unit: mlbView all detailsHide details
Identity
- Project
- Berenguela
- Commodity
- zinc
- Ticker
- AAG
Resource scope
- Estimate type
- resource
- Effective date
- 2023-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dinara Nussipakynova
- Resource group id
- resource:acf4442dc9db72db66ea
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 40176000
- Grade
- 0.34
- Grade Unit
- %
- Contained Metal
- 299.3
- Contained Unit
- mlb
- Cutoff Grade
- 80
- Cutoff Unit
- g/t AgEq
Prior Estimate
- Resource Date
- 2023-01-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-11-24T00:00:00.000Z
Reasoning: Indicated component of the resource. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.34”
Context: 40.176
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
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.8 years before this release
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.