Aldebaran and Centauri Announce Significant Increase in Mineral Resources for the Rio Grande Gold-Copper Project in Salta, Argentina

Original announcement by tmx on

Company
Aldebaran Resources Inc.
Ticker
ALDE
Exchange
TSX
Region
Salta, Argentina
Primary commodity
Gold
Secondary commodities
Copper, Silver
Document categories
Resource update, Agreement transaction
Extracted
2026-09-13 11:14:27 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Aldebaran and Centauri have announced an updated Mineral Resource Estimate for the Rio Grande gold-copper project in Argentina, totaling 153.7 Mt of Indicated and 220.8 Mt of Inferred resources. The update is based on historical data and was prepared by SLR Consulting to support Centauri's upcoming public listing.

Reasoning: The announcement reports a substantial mineral resource update for the Rio Grande project, though it relies on historical data (last drilling 2012/2013) rather than new assays.

Positive factors

  • Significant increase in mineral resource inventory
  • Large scale of Indicated and Inferred resources
  • NI 43-101 compliant update
  • Proximity to operating Lindero mine

Negative factors

  • No new drilling or trenching since 2013
  • High proportion of Inferred resources
  • Metallurgical recoveries for copper and silver are relatively low/variable

Facts used in scoring: 24

Classification and evidence

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The resource estimate was prepared as a National Instrument 43-101 Technical Report update.

Evidence · text

“complete a National Instrument (“NI”) 43-101 Technical Report and Mineral Resource Estimate update”

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: Mr. Benjamin Sanfurgo, an independent qualified person, has reviewed and approved the technical information.

Evidence · text

“Mr. Sanfurgo is an independent qualified person (“QP”) as defined by NI 43-101.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the resource (220.8 Mt) is classified as Inferred.

Evidence · table

“220.8”

Context: Inferred

Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

Resource Estimates (24)

indicatedRio Grande · goldTonnes: 94100000Grade: 0.26Grade Unit: g/tContained Metal: 781Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:bc6fd8474d51344cf7d6
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
94100000
Grade
0.26
Grade Unit
g/t
Contained Metal
781
Contained Unit
koz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component.

Evidence · table

“0.26”

Context: 94.1

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · copperTonnes: 94100000Grade: 0.2Grade Unit: %Contained Metal: 188Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:bc6fd8474d51344cf7d6
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
94100000
Grade
0.2
Grade Unit
%
Contained Metal
188
Contained Unit
kt
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component.

Evidence · table

“0.20”

Context: 94.1

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · silverTonnes: 94100000Grade: 6.3Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:bc6fd8474d51344cf7d6
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
94100000
Grade
6.3
Grade Unit
moz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component.

Evidence · table

“6.3”

Context: 94.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · goldTonnes: 47300000Grade: 0.34Grade Unit: g/tContained Metal: 523Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:23fc57c7591dac7d46e2
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
indicated
Tonnes
47300000
Grade
0.34
Grade Unit
g/t
Contained Metal
523
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated transitional resource component.

Evidence · table

“0.34”

Context: 47.3

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · copperTonnes: 47300000Grade: 0.33Grade Unit: %Contained Metal: 156Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:23fc57c7591dac7d46e2
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
indicated
Tonnes
47300000
Grade
0.33
Grade Unit
%
Contained Metal
156
Contained Unit
kt
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated transitional resource component.

Evidence · table

“0.33”

Context: 47.3

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · silverTonnes: 47300000Grade: 5.5Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:23fc57c7591dac7d46e2
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
indicated
Tonnes
47300000
Grade
5.5
Grade Unit
moz
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated transitional resource component.

Evidence · table

“5.5”

Context: 47.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · goldTonnes: 12300000Grade: 0.36Grade Unit: g/tContained Metal: 144Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:285d1560af6c65c7e059
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
12300000
Grade
0.36
Grade Unit
g/t
Contained Metal
144
Contained Unit
koz
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated sulphide resource component.

Evidence · table

“0.36”

Context: 12.3

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · copperTonnes: 12300000Grade: 0.29Grade Unit: %Contained Metal: 36Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:285d1560af6c65c7e059
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
12300000
Grade
0.29
Grade Unit
%
Contained Metal
36
Contained Unit
kt
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated sulphide resource component.

Evidence · table

“0.29”

Context: 12.3

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · silverTonnes: 12300000Grade: 0.9Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:285d1560af6c65c7e059
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
indicated
Tonnes
12300000
Grade
0.9
Grade Unit
moz
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated sulphide resource component.

Evidence · table

“0.9”

Context: 12.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · goldTonnes: 144500000Grade: 0.19Grade Unit: g/tContained Metal: 898Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:3d0479d6be94b0943e98
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
144500000
Grade
0.19
Grade Unit
g/t
Contained Metal
898
Contained Unit
koz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component.

Evidence · table

“0.19”

Context: 144.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · copperTonnes: 144500000Grade: 0.16Grade Unit: %Contained Metal: 231Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:3d0479d6be94b0943e98
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
144500000
Grade
0.16
Grade Unit
%
Contained Metal
231
Contained Unit
kt
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component.

Evidence · table

“0.16”

Context: 144.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · silverTonnes: 144500000Grade: 10.3Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:3d0479d6be94b0943e98
Deposit or zone
Oxide
Mining method
open_pit
Material type
oxide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
144500000
Grade
10.3
Grade Unit
moz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component.

Evidence · table

“10.3”

Context: 144.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · goldTonnes: 75600000Grade: 0.26Grade Unit: g/tContained Metal: 643Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:db223ea33305faca9d87
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
inferred
Tonnes
75600000
Grade
0.26
Grade Unit
g/t
Contained Metal
643
Contained Unit
koz
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred transitional resource component.

Evidence · table

“0.26”

Context: 75.6

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · copperTonnes: 75600000Grade: 0.24Grade Unit: %Contained Metal: 181Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:db223ea33305faca9d87
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
inferred
Tonnes
75600000
Grade
0.24
Grade Unit
%
Contained Metal
181
Contained Unit
kt
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred transitional resource component.

Evidence · table

“0.24”

Context: 75.6

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · silverTonnes: 75600000Grade: 7.4Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:db223ea33305faca9d87
Deposit or zone
Transitional
Mining method
open_pit
Material type
transitional
Resource basis
gross

Resource Data

Category
inferred
Tonnes
75600000
Grade
7.4
Grade Unit
moz
Cutoff Grade
15
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred transitional resource component.

Evidence · table

“7.4”

Context: 75.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · goldTonnes: 700000Grade: 0.25Grade Unit: g/tContained Metal: 6Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:d17bbde032aae184cbc2
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
700000
Grade
0.25
Grade Unit
g/t
Contained Metal
6
Contained Unit
koz
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred sulphide resource component.

Evidence · table

“0.25”

Context: 0.7

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · copperTonnes: 700000Grade: 0.24Grade Unit: %Contained Metal: 2Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:d17bbde032aae184cbc2
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
700000
Grade
0.24
Grade Unit
%
Contained Metal
2
Contained Unit
kt
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred sulphide resource component.

Evidence · table

“0.24”

Context: 0.7

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · silverTonnes: 700000Grade: 0.1Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:d17bbde032aae184cbc2
Deposit or zone
Sulphide
Mining method
open_pit
Material type
sulphide
Resource basis
gross

Resource Data

Category
inferred
Tonnes
700000
Grade
0.1
Grade Unit
moz
Cutoff Grade
9.5
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred sulphide resource component.

Evidence · table

“0.1”

Context: 0.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · goldTonnes: 153700000Grade: 0.29Grade Unit: g/tContained Metal: 1448Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:71798213c75fa10a8df8
Deposit or zone
Oxide
Mining method
open_pit
Material type
Indicated
Resource basis
gross

Resource Data

Category
indicated
Tonnes
153700000
Grade
0.29
Grade Unit
g/t
Contained Metal
1448
Contained Unit
koz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.29”

Context: 153.7

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · copperTonnes: 153700000Grade: 0.25Grade Unit: %Contained Metal: 384Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:71798213c75fa10a8df8
Deposit or zone
Oxide
Mining method
open_pit
Material type
Indicated
Resource basis
gross

Resource Data

Category
indicated
Tonnes
153700000
Grade
0.25
Grade Unit
%
Contained Metal
384
Contained Unit
kt
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.25”

Context: 153.7

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

indicatedRio Grande · silverTonnes: 153700000Grade: 12.7Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:71798213c75fa10a8df8
Deposit or zone
Oxide
Mining method
open_pit
Material type
Indicated
Resource basis
gross

Resource Data

Category
indicated
Tonnes
153700000
Grade
12.7
Grade Unit
moz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard indicated oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“12.7”

Context: 153.7

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · goldTonnes: 220800000Grade: 0.22Grade Unit: g/tContained Metal: 1547Contained Unit: kozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
gold
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:8119c7a2eac3aa96f3ed
Deposit or zone
Oxide
Mining method
open_pit
Material type
Inferred
Resource basis
gross

Resource Data

Category
inferred
Tonnes
220800000
Grade
0.22
Grade Unit
g/t
Contained Metal
1547
Contained Unit
koz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.22”

Context: 220.8

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · copperTonnes: 220800000Grade: 0.19Grade Unit: %Contained Metal: 420Contained Unit: ktView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
copper
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:8119c7a2eac3aa96f3ed
Deposit or zone
Oxide
Mining method
open_pit
Material type
Inferred
Resource basis
gross

Resource Data

Category
inferred
Tonnes
220800000
Grade
0.19
Grade Unit
%
Contained Metal
420
Contained Unit
kt
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.19”

Context: 220.8

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredRio Grande · silverTonnes: 220800000Grade: 17.8Grade Unit: mozView all details
Link to this fact

Identity

Project
Rio Grande
Commodity
silver
Region
argentina
Reported Region
Salta, Argentina
Ticker
ALDE

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Benjamin Sanfurgo
Resource group id
resource:8119c7a2eac3aa96f3ed
Deposit or zone
Oxide
Mining method
open_pit
Material type
Inferred
Resource basis
gross

Resource Data

Category
inferred
Tonnes
220800000
Grade
17.8
Grade Unit
moz
Cutoff Grade
10.25
Cutoff Unit
US$/t

Prior Estimate

Resource Date
2026-02-15

Review

Needs Review
No
Historical
No

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Standard inferred oxide resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“17.8”

Context: 220.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.