Arrow Provides Operational and Mid Year 2026 Reserves Update
Original announcement by newsfile on
- Company
- Arrow Exploration Corp.
- Ticker
- AXL
- Exchange
- Unavailable
- Region
- Colombia, Canada
- Primary commodity
- Oil
- Secondary commodities
- Natural gas
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-17 06:02:50 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Arrow Exploration Corp. announced a significant mid-year 2026 reserves update, reporting substantial increases across all reserve categories. Proved Developed Producing (PDP) reserves rose by 62% to 2.9 MMboe, while Total Proved (1P) reserves increased by 110% to 11.4 MMboe. Proved plus Probable (2P) reserves grew by 82% to 21.4 MMboe, and Proved plus Probable plus Possible (3P) reserves increased by 71% to 34.4 MMboe, driven by the Icaco field discovery in Colombia and the acquisition of the Thorsby asset in Canada. The update also shows corresponding increases in before and after-tax Net Present Value discounted at 10% (NPV-10).
Reasoning: Arrow Exploration reported a substantial mid-year increase in all reserve categories, including Proved Developed Producing, Proved, Proved plus Probable, and Proved plus Probable plus Possible reserves, driven by new discoveries in Colombia and an acquisition in Canada. This growth is reflected in significantly higher Net Present Values, indicating a strong operational and strategic performance.
Positive factors
- Significant reserve growth across all categories (PDP +62%, 1P +110%, 2P +82%, 3P +71%)
- Growth driven by new discoveries (Icaco field) and strategic acquisition (Thorsby asset)
- Substantial increase in before and after-tax NPV-10 across all reserve categories
- Reserves evaluation prepared by independent qualified reserves evaluator (BouryGEC) and compliant with NI 51-101 and COGEH standards
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 38
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Resource Estimates (24)
provenArrow Exploration Corp. Assets · oil equivalentTonnes: 2918000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:f2bb634ab67f42bec36e
Resource Data
- Category
- proven
- Tonnes
- 2918000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 1801000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Proved Developed Producing reserves increased by 62% to 2.9 MMboe, indicating strong operational performance and successful integration of new assets.
Positive factors
- Significant increase in Proved Developed Producing reserves (+62%)
- Growth driven by new discoveries and acquisition
Evidence · table
“2,918”
Context: Proved developed producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 2918000 against 1801000 previously
provenArrow Exploration Corp. Assets · oil equivalentTonnes: 678000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:42d51302cf1044603682
Resource Data
- Category
- proven
- Tonnes
- 678000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 693000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Proved Developed Non-Producing reserves saw a minor decrease of 2%, which is not material in the context of overall reserve growth.
Negative factors
- Slight decrease in Proved Developed Non-Producing reserves (-2%)
Evidence · table
“678”
Context: Proved developed non-producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 678000 against 693000 previously
provenArrow Exploration Corp. Assets · oil equivalentTonnes: 7785000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:373fbc89eb710b7fcac4
Resource Data
- Category
- proven
- Tonnes
- 7785000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 2921000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Proved Undeveloped reserves increased by an exceptional 167%, highlighting substantial future development potential from new discoveries and acquisitions.
Positive factors
- Exceptional increase in Proved Undeveloped reserves (+167%)
- Indicates significant future development potential
Evidence · table
“7,785”
Context: Proved undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 7785000 against 2921000 previously
provenArrow Exploration Corp. Assets · oil equivalentTonnes: 11380000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:6adb729e461ddf9964fe
Resource Data
- Category
- proven
- Tonnes
- 11380000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 5415000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Total Proved reserves more than doubled, increasing by 110%, which is a strong positive signal for the company's asset base and future production.
Positive factors
- Exceptional increase in Total Proved reserves (+110%)
- Strong indicator of overall project growth and de-risking
Evidence · table
“11,380”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 11380000 against 5415000 previously
probableArrow Exploration Corp. Assets · oil equivalentTonnes: 10039000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:a650d2e37bb4bbbbcc6a
Resource Data
- Category
- probable
- Tonnes
- 10039000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 6360000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Probable reserves increased by a strong 58%, contributing significantly to the overall resource base and future production potential.
Positive factors
- Strong increase in Probable reserves (+58%)
- Adds to the overall resource base and future potential
Evidence · table
“10,039”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10039000 against 6360000 previously
probableArrow Exploration Corp. Assets · oil equivalentTonnes: 21419000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:207976513528b2a11c4f
Resource Data
- Category
- probable
- Tonnes
- 21419000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 11775000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Total Proved plus Probable reserves increased by an exceptional 82%, demonstrating a significant and confident expansion of the company's resource base.
Positive factors
- Exceptional increase in Total Proved plus Probable reserves (+82%)
- Indicates high confidence in the expanded resource base
Evidence · table
“21,419”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 21419000 against 11775000 previously
inferredArrow Exploration Corp. Assets · oil equivalentTonnes: 13055000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:2dfacab2e8ad1d849178
Resource Data
- Category
- inferred
- Tonnes
- 13055000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 8327000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Possible reserves increased by a strong 57%, indicating significant exploration upside and long-term potential for the company.
Positive factors
- Strong increase in Possible reserves (+57%)
- Highlights further exploration upside and long-term potential
Evidence · table
“13,055”
Context: Possible
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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13055000 against 8327000 previously
inferredArrow Exploration Corp. Assets · oil equivalentTonnes: 34474000Grade Unit: boeView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:1491c276e87175cc28b6
Resource Data
- Category
- inferred
- Tonnes
- 34474000
- Grade Unit
- boe
Prior Estimate
- Resource Date
- 2026-08-15
- Prior Tonnes
- 20102000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Total Proved plus Probable plus Possible reserves increased by a strong 71%, showcasing the significant overall resource potential of Arrow's assets.
Positive factors
- Strong increase in Total Proved plus Probable plus Possible reserves (+71%)
- Demonstrates significant overall resource potential
Evidence · table
“34,474”
Context: Total Proved plus Probable & Possible
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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 34474000 against 20102000 previously
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Proved Developed Producing reserves increased by 84%, reflecting the strong economic value added by recent operational successes.
Positive factors
- Significant increase in Before Tax NPV-10 for Proved Developed Producing reserves (+84%)
Evidence · table
“59,336”
Context: Proved Developed Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Proved Developed Non-Producing reserves saw a minor decrease of 7%, which is not material in the context of overall NPV growth.
Negative factors
- Slight decrease in Before Tax NPV-10 for Proved Developed Non-Producing reserves (-7%)
Evidence · table
“14,488”
Context: Non-Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Proved Undeveloped reserves increased by an exceptional 149%, indicating substantial future economic potential from these assets.
Positive factors
- Exceptional increase in Before Tax NPV-10 for Proved Undeveloped reserves (+149%)
- Highlights significant future economic potential
Evidence · table
“119,643”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Total Proved reserves more than doubled, increasing by 102%, which strongly validates the economic value of the company's assets.
Positive factors
- Exceptional increase in Before Tax NPV-10 for Total Proved reserves (+102%)
- Strong validation of the company's asset value
Evidence · table
“193,467”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
probableArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:9a9dc8f088c68f132c7e
Resource Data
- Category
- probable
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Probable reserves increased by a strong 46%, adding significant economic value to the company's overall resource base.
Positive factors
- Strong increase in Before Tax NPV-10 for Probable reserves (+46%)
- Adds significant economic value to the overall resource base
Evidence · table
“216,340”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
probableArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:9a9dc8f088c68f132c7e
Resource Data
- Category
- probable
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Total Proved plus Probable reserves increased by an exceptional 68%, demonstrating significant economic de-risking and value creation for the company.
Positive factors
- Exceptional increase in Before Tax NPV-10 for Total Proved plus Probable reserves (+68%)
- Demonstrates significant economic de-risking and value creation
Evidence · table
“409,807”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
inferredArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:c01f93116c2abdbd3278
Resource Data
- Category
- inferred
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Possible reserves increased by a strong 41%, indicating significant long-term economic upside for the company's assets.
Positive factors
- Strong increase in Before Tax NPV-10 for Possible reserves (+41%)
- Indicates significant long-term economic upside
Evidence · table
“321,750”
Context: Possible
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
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
inferredArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:c01f93116c2abdbd3278
Resource Data
- Category
- inferred
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The Before Tax NPV-10 for Total Proved plus Probable plus Possible reserves increased by a strong 55%, highlighting the significant overall economic potential of Arrow's assets.
Positive factors
- Strong increase in Before Tax NPV-10 for Total Proved plus Probable plus Possible reserves (+55%)
- Highlights the overall economic potential of the company's assets
Evidence · table
“731,557”
Context: Total Proved plus Probable & Possible
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
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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Proved Developed Producing reserves increased by a strong 25%, indicating improved economic viability after tax considerations.
Positive factors
- Strong increase in After Tax NPV-10 for Proved Developed Producing reserves (+25%)
Evidence · table
“40,271”
Context: Proved Developed Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Proved Developed Non-Producing reserves decreased significantly by 30%, which warrants further investigation despite overall positive results.
Negative factors
- Significant decrease in After Tax NPV-10 for Proved Developed Non-Producing reserves (-30%)
Evidence · table
“10,163”
Context: Non-Producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Proved Undeveloped reserves increased by an exceptional 186%, indicating substantial future economic potential even after tax considerations.
Positive factors
- Exceptional increase in After Tax NPV-10 for Proved Undeveloped reserves (+186%)
- Highlights significant future economic potential after tax
Evidence · table
“79,510”
Context: Undeveloped
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
provenArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:76eb765c18b1b2c85b04
Resource Data
- Category
- proven
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Total Proved reserves increased by an exceptional 74%, providing strong validation of the company's asset value after tax considerations.
Positive factors
- Exceptional increase in After Tax NPV-10 for Total Proved reserves (+74%)
- Strong validation of the company's asset value after tax
Evidence · table
“129,944”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
probableArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:9a9dc8f088c68f132c7e
Resource Data
- Category
- probable
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Probable reserves increased by a strong 47%, adding significant economic value to the company's overall resource base after tax considerations.
Positive factors
- Strong increase in After Tax NPV-10 for Probable reserves (+47%)
- Adds significant economic value to the overall resource base after tax
Evidence · table
“125,885”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
probableArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:9a9dc8f088c68f132c7e
Resource Data
- Category
- probable
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Total Proved plus Probable reserves increased by an exceptional 60%, demonstrating significant economic de-risking and value creation for the company after tax.
Positive factors
- Exceptional increase in After Tax NPV-10 for Total Proved plus Probable reserves (+60%)
- Demonstrates significant economic de-risking and value creation after tax
Evidence · table
“255,829”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
inferredArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:c01f93116c2abdbd3278
Resource Data
- Category
- inferred
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Possible reserves increased by a strong 54%, indicating significant long-term economic upside for the company's assets after tax considerations.
Positive factors
- Strong increase in After Tax NPV-10 for Possible reserves (+54%)
- Indicates significant long-term economic upside after tax
Evidence · table
“193,196”
Context: Possible
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
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
inferredArrow Exploration Corp. Assets · oil equivalentView all detailsHide details
Identity
- Project
- Arrow Exploration Corp. Assets
- Commodity
- oil equivalent
- Region
- canada
- Reported Region
- Colombia, Canada
- Ticker
- AXL
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Nilanjan Ganguly
- Resource group id
- resource:c01f93116c2abdbd3278
Resource Data
- Category
- inferred
Prior Estimate
- Resource Date
- 2026-08-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: The After Tax NPV-10 for Total Proved plus Probable plus Possible reserves increased by a strong 57%, highlighting the significant overall economic potential of Arrow's assets after tax considerations.
Positive factors
- Strong increase in After Tax NPV-10 for Total Proved plus Probable plus Possible reserves (+57%)
- Highlights the overall economic potential of the company's assets after tax
Evidence · table
“449,025”
Context: Total Proved plus Probable & Possible
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
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
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.