# AuRico Reports 2014 Reserve & Resource Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5 Original source: https://money.tmx.com/en/quote/AUQ/news/62792988/aurico-reports-2014-reserve-resource-update Publisher: tmx Original announcement: 2015-02-19T21:32:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: AuRico Gold Inc. - Ticker: AUQ - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update - Extracted: 2026-09-17 11:52:54 UTC Narrative sentiment: 0.50 · Bullish ## Minestarters Atlas summary AuRico Gold Inc. reported its 2014 year-end reserve and resource update, showing a significant increase in Measured & Indicated and Inferred gold resources, primarily from the Kemess East and Lynn Lake projects. Young-Davidson underground gold reserves increased by 6%, replacing production, while El Chanate reserves decreased by 37%. The estimates are NI 43-101 compliant and signed off by Qualified Persons, but the company notes that the resource information is not comparable to SEC requirements for US investors. Reasoning: The document reports an annual update to mineral reserves and resources. While overall company-wide gold reserves saw a slight decrease, there was a significant increase in Measured & Indicated and Inferred gold resources, driven by new projects. Young-Davidson underground reserves increased, demonstrating successful replacement of depletion. However, El Chanate reserves decreased substantially. The report is NI 43-101 compliant with QP sign-off, but notes the non-comparability for US SEC standards. - Positive factor: Significant increase in M&I and Inferred gold resources, primarily from Kemess East and Lynn Lake - Positive factor: Young-Davidson underground gold reserves increased, replacing production - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: El Chanate reserves decreased significantly due to mining depletion and slope angle reduction - Negative factor: Overall company-wide gold reserves decreased slightly - Negative factor: SEC does not recognize Measured, Indicated, and Inferred resource terms, limiting comparability for US investors Facts used in scoring: 42 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an annual update to the company's mineral reserve and resource estimates as of December 31, 2014. Evidence · text > AuRico Reports 2014 Reserve & Resource Update **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Measured and Indicated gold resources increased by 64% \(1.6 million ounces\) and Inferred gold resources increased by 409% \(1.9 million ounces\). Evidence · text > Measured and Indicated gold resources of 4.1 million gold ounces at a grade of 0.84 g/t, an increase of 1.6 million ounces, or 64% **QP/CP Signed** Polarity: positive Definition: 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: Chris Bostwick and Jeffrey Volk are named as Qualified Persons responsible for the review and supervision of the estimates. Evidence · text > Both Messrs Volk and Bostwick are "Qualified Persons" as defined by National Instrument 43-101. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: Mineral Reserves and Resources have been classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum \("CIM"\) "CIM Definition Standards - For Mineral Resources and Mineral Reserves" adopted by the CIM Council in accordance with the requirements of National Instrument 43-101. Evidence · text > classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum \("CIM"\) "CIM Definition Standards - For Mineral Resources and Mineral Reserves" adopted by the CIM Council in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects \("NI 43-101"\) **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: Reserves at the El Chanate mine decreased by 37% due to mining depletion and a reduction in overall slope angles. Evidence · text > Reserves decreased by 37% at the El Chanate mine, due to both mining depletion and a reduction in overall slope angles **SEC Non-Compliant** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states that Canadian standards differ significantly from SEC requirements, and mineral resource information is not comparable to SEC-disclosed mineral reserves. Evidence · text > Canadian standards differ significantly from the requirements of the SEC, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the SEC. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade ## Extracted facts Stored fact records: 42. Some facts used in scoring do not have a stored record. ## Resource Estimates (42) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-0) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:4d730c351466e2e0a227 - Deposit or zone: Surface #### Resource Data - Category: proven - Tonnes: 2501000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 61 - Contained Unit: koz - Cutoff Grade: 0.5 - Cutoff Unit: gpt #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 1.1 - Prior Contained Metal: 140 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Proven gold reserves at Young-Davidson Surface decreased significantly by 57% from the prior year, indicating a reduction in this specific reserve category. - Negative factor: Significant decrease in contained gold ounces compared to prior estimate Evidence · table > 61 Context: 2,501 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.76 against 1.1 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 61 against 140 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-1) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:7f7793f70f9a6a22e40e - Deposit or zone: Underground #### Resource Data - Category: proven - Tonnes: 12499000 - Grade: 2.83 - Grade Unit: g/t - Contained Metal: 1137 - Contained Unit: koz - Cutoff Grade: 1.9 - Cutoff Unit: gpt #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 2.81 - Prior Contained Metal: 3556 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Proven gold reserves at Young-Davidson Underground increased by 6% over the prior year, indicating successful replacement of production with a consistent grade profile. - Positive factor: Increase in contained gold ounces compared to prior estimate - Positive factor: Consistent grade profile Evidence · table > 1,137 Context: 12,499 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1137 against 3556 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-2) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:43d11e003587326175d1 - Deposit or zone: Underground #### Resource Data - Category: probable - Tonnes: 30274000 - Grade: 2.7 - Grade Unit: g/t - Contained Metal: 2626 - Contained Unit: koz - Cutoff Grade: 1.9 - Cutoff Unit: gpt #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 2.81 - Prior Contained Metal: 3556 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Probable gold reserves at Young-Davidson Underground contributed to the overall 6% increase in underground reserves, indicating successful replacement of production with a consistent grade profile. - Positive factor: Increase in contained gold ounces compared to prior estimate - Positive factor: Consistent grade profile Evidence · table > 2,626 Context: 30,274 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 2626 against 3556 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-3) El Chanate · gold #### Identity - Project: El Chanate - Commodity: gold - Region: mexico - Reported Region: Sonora State, Mexico - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:7fc77c4bd51505321213 #### Resource Data - Category: proven - Tonnes: 18255000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 472 - Contained Unit: koz - Cutoff Grade: 0.15 - Cutoff Unit: gpt #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 0.7 - Prior Contained Metal: 1023 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Proven gold reserves at El Chanate decreased by 37% from the prior year, primarily due to mining depletion and a reduction in overall slope angles, despite an increase in reserve grades. - Positive factor: Reserve grades increased by 5% - Negative factor: Significant decrease in contained gold ounces compared to prior estimate - Negative factor: Reduction due to mining depletion and overall slope angles Evidence · table > 472 Context: 18,255 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 0.8 against 0.7 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 472 against 1023 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-4) El Chanate · gold #### Identity - Project: El Chanate - Commodity: gold - Region: mexico - Reported Region: Sonora State, Mexico - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:3b8ec61cea0888f73e86 #### Resource Data - Category: probable - Tonnes: 8958000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 174 - Contained Unit: koz - Cutoff Grade: 0.15 - Cutoff Unit: gpt #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 0.7 - Prior Contained Metal: 1023 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Probable gold reserves at El Chanate contributed to the overall 37% decrease in reserves, primarily due to mining depletion and a reduction in overall slope angles, despite an increase in reserve grades. - Positive factor: Reserve grades increased by 5% - Negative factor: Significant decrease in contained gold ounces compared to prior estimate - Negative factor: Reduction due to mining depletion and overall slope angles Evidence · table > 174 Context: 8,958 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Grade Decline** Polarity: negative Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 0.6 against 0.7 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 174 against 1023 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-5) Kemess Underground · gold #### Identity - Project: Kemess Underground - Commodity: gold - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:b46d4b5e574efd6d33ac #### Resource Data - Category: probable - Tonnes: 100373000 - Grade: 0.56 - Grade Unit: g/t - Contained Metal: 1805 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 - Prior Grade: 0.56 - Prior Contained Metal: 1805 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Probable gold reserves at Kemess Underground remained unchanged from the prior year, indicating stability but no growth. - Positive factor: Reserves remained stable compared to prior estimate Evidence · table > 1,805 Context: 100,373 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-6) Kemess Underground · copper #### Identity - Project: Kemess Underground - Commodity: copper - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:b46d4b5e574efd6d33ac #### Resource Data - Category: probable - Tonnes: 100373000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 619151 - Contained Unit: klbs - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Probable copper reserves at Kemess Underground are substantial, contributing to the project's overall value. - Positive factor: Significant copper reserves reported Evidence · table > 0.28 Context: 100,373 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-7) Kemess Underground · silver #### Identity - Project: Kemess Underground - Commodity: silver - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: reserve - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:b46d4b5e574efd6d33ac #### Resource Data - Category: probable - Tonnes: 100373000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 6608 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Probable silver reserves at Kemess Underground provide additional value as a byproduct. - Positive factor: Significant silver reserves reported as a byproduct Evidence · table > 2.0 Context: 100,373 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-8) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:162d80e318e6ef9c1517 - Deposit or zone: Surface #### Resource Data - Category: measured - Tonnes: 496000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 18 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Measured gold resources at Young-Davidson Surface contribute to the overall resource base with high confidence. - Positive factor: Measured resources provide high confidence Evidence · table > 18 Context: 496 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-9) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:18175ca86920f097ae4b - Deposit or zone: Surface #### Resource Data - Category: indicated - Tonnes: 1242000 - Grade: 1.28 - Grade Unit: g/t - Contained Metal: 51 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Young-Davidson Surface contribute to the overall resource base with good confidence. - Positive factor: Indicated resources provide good confidence Evidence · table > 51 Context: 1,242 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-10) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:3e9609565b2ce03c089e - Deposit or zone: Underground #### Resource Data - Category: measured - Tonnes: 7855000 - Grade: 3.28 - Grade Unit: g/t - Contained Metal: 829 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: High-grade measured gold resources at Young-Davidson Underground are a significant component of the resource base, providing high confidence for future development. - Positive factor: High-grade measured resources provide strong confidence for underground mining Evidence · table > 829 Context: 7,855 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-11) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:9691a383c6d22ee1c232 - Deposit or zone: Underground #### Resource Data - Category: indicated - Tonnes: 6090000 - Grade: 3.07 - Grade Unit: g/t - Contained Metal: 601 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: High-grade indicated gold resources at Young-Davidson Underground are a significant component of the resource base, providing good confidence for future development. - Positive factor: High-grade indicated resources provide good confidence for underground mining Evidence · table > 601 Context: 6,090 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-12) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:f432428c35fda6eca03b - Deposit or zone: Surface #### Resource Data - Category: inferred - Tonnes: 31000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Young-Davidson Surface represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 1 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-13) Young-Davidson · gold #### Identity - Project: Young-Davidson - Commodity: gold - Region: canada\_on - Reported Region: northern Ontario - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:634f35b802c36566c7b4 - Deposit or zone: Underground #### Resource Data - Category: inferred - Tonnes: 3608000 - Grade: 2.76 - Grade Unit: g/t - Contained Metal: 320 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Young-Davidson Underground represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 320 Context: 3,608 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-14) El Chanate · gold #### Identity - Project: El Chanate - Commodity: gold - Region: mexico - Reported Region: Sonora State, Mexico - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:096178f6165412af211c #### Resource Data - Category: measured - Tonnes: 923000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 17 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Measured gold resources at El Chanate contribute to the overall resource base with high confidence. - Positive factor: Measured resources provide high confidence Evidence · table > 17 Context: 923 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-15) El Chanate · gold #### Identity - Project: El Chanate - Commodity: gold - Region: mexico - Reported Region: Sonora State, Mexico - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:d031d5a7eeccf09ee635 #### Resource Data - Category: indicated - Tonnes: 1842000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 52 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at El Chanate contribute to the overall resource base with good confidence. - Positive factor: Indicated resources provide good confidence Evidence · table > 52 Context: 1,842 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-16) El Chanate · gold #### Identity - Project: El Chanate - Commodity: gold - Region: mexico - Reported Region: Sonora State, Mexico - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:fc02fb704284b8f7ef82 #### Resource Data - Category: inferred - Tonnes: 184000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 2 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at El Chanate represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 2 Context: 184 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-17) Kemess Underground · gold #### Identity - Project: Kemess Underground - Commodity: gold - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ee0299d9face04595339 #### Resource Data - Category: indicated - Tonnes: 65432000 - Grade: 0.41 - Grade Unit: g/t - Contained Metal: 854 - Contained Unit: koz - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Kemess Underground are a substantial part of the company's resource base. - Positive factor: Significant indicated gold resources Evidence · table > 854 Context: 65,432 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-18) Kemess Underground · gold #### Identity - Project: Kemess Underground - Commodity: gold - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ecaf8f868af722a6fed1 #### Resource Data - Category: inferred - Tonnes: 9969000 - Grade: 0.39 - Grade Unit: g/t - Contained Metal: 125 - Contained Unit: koz - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Kemess Underground represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 125 Context: 9,969 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-19) Kemess East · gold #### Identity - Project: Kemess East - Commodity: gold - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ca3f4a863cb36d21155c #### Resource Data - Category: indicated - Tonnes: 55864000 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 939 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program. - Positive factor: Significant new indicated gold resources from successful drilling program Evidence · table > 939 Context: 55,864 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-20) Kemess East · gold #### Identity - Project: Kemess East - Commodity: gold - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:637d6c140baa3941087e #### Resource Data - Category: inferred - Tonnes: 117152000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 1424 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty. - Positive factor: Significant new inferred gold resources from successful drilling program - Negative factor: Inferred resources have high uncertainty Evidence · table > 1,424 Context: 117,152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-21) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:0321af77d6ce212ffec7 - Deposit or zone: MacLellan - Ownership percent: 25 % #### Resource Data - Category: measured - Tonnes: 3753000 - Grade: 1.99 - Grade Unit: g/t - Contained Metal: 240 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Measured gold resources at Lynn Lake \(MacLellan\) are a new addition from a strategic joint venture, providing high confidence. - Positive factor: New measured resources from strategic joint venture Evidence · table > 240 Context: 3,753 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-22) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:2b46cf88be9b4e74529f - Deposit or zone: MacLellan - Ownership percent: 25 % #### Resource Data - Category: indicated - Tonnes: 4344000 - Grade: 1.75 - Grade Unit: g/t - Contained Metal: 244 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Lynn Lake \(MacLellan\) are a new addition from a strategic joint venture, providing good confidence. - Positive factor: New indicated resources from strategic joint venture Evidence · table > 244 Context: 4,344 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-23) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:3b667bc214d7860c7ee5 - Deposit or zone: MacLellan - Ownership percent: 25 % #### Resource Data - Category: inferred - Tonnes: 475000 - Grade: 2.01 - Grade Unit: g/t - Contained Metal: 31 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Lynn Lake \(MacLellan\) are a new addition from a strategic joint venture, though they carry high uncertainty. - Positive factor: New inferred resources from strategic joint venture - Negative factor: Inferred resources have high uncertainty Evidence · table > 31 Context: 475 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-24) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:a42e69eccb0f945cabec - Deposit or zone: Farley Lake - Ownership percent: 25 % #### Resource Data - Category: indicated - Tonnes: 1479000 - Grade: 3.21 - Grade Unit: g/t - Contained Metal: 153 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: High-grade indicated gold resources at Lynn Lake \(Farley Lake\) are a new addition from a strategic joint venture, providing good confidence. - Positive factor: New high-grade indicated resources from strategic joint venture Evidence · table > 153 Context: 1,479 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-25) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:e0e2664a485a4c4e5ceb - Deposit or zone: Farley Lake - Ownership percent: 25 % #### Resource Data - Category: inferred - Tonnes: 1091000 - Grade: 2.87 - Grade Unit: g/t - Contained Metal: 101 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Lynn Lake \(Farley Lake\) are a new addition from a strategic joint venture, though they carry high uncertainty. - Positive factor: New inferred resources from strategic joint venture - Negative factor: Inferred resources have high uncertainty Evidence · table > 101 Context: 1,091 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-26) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:d2ba2862768abce93de3 - Deposit or zone: Burnt Timber - Ownership percent: 25 % #### Resource Data - Category: indicated - Tonnes: 255000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 11 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Lynn Lake \(Burnt Timber\) are a new addition from a strategic joint venture, providing good confidence. - Positive factor: New indicated resources from strategic joint venture Evidence · table > 11 Context: 255 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-27) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:3b00f92c8d655918f2ba - Deposit or zone: Burnt Timber - Ownership percent: 25 % #### Resource Data - Category: inferred - Tonnes: 5860000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 195 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Lynn Lake \(Burnt Timber\) are a new addition from a strategic joint venture, though they carry high uncertainty. - Positive factor: New inferred resources from strategic joint venture - Negative factor: Inferred resources have high uncertainty Evidence · table > 195 Context: 5,860 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-28) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:55c1e91d26b2a5ea5e2f - Deposit or zone: Linkwood - Ownership percent: 25 % #### Resource Data - Category: indicated - Tonnes: 246000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 9 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated gold resources at Lynn Lake \(Linkwood\) are a new addition from a strategic joint venture, providing good confidence. - Positive factor: New indicated resources from strategic joint venture Evidence · table > 9 Context: 246 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-29) Lynn Lake · gold #### Identity - Project: Lynn Lake - Commodity: gold - Region: canada\_mb - Reported Region: northern Manitoba - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:0f13264ee0d518cc623b - Deposit or zone: Linkwood - Ownership percent: 25 % #### Resource Data - Category: inferred - Tonnes: 5251000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 196 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Lynn Lake \(Linkwood\) are a new addition from a strategic joint venture, though they carry high uncertainty. - Positive factor: New inferred resources from strategic joint venture - Negative factor: Inferred resources have high uncertainty Evidence · table > 196 Context: 5,251 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-30) Orion · gold #### Identity - Project: Orion - Commodity: gold - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:767058d6f9f3ffd3b83e - Ownership percent: 50 % #### Resource Data - Category: indicated - Tonnes: 554000 - Grade: 3.66 - Grade Unit: g/t - Contained Metal: 65 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: High-grade indicated gold resources at Orion contribute to the overall resource base with good confidence. - Positive factor: High-grade indicated resources Evidence · table > 65 Context: 554 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-31) Orion · gold #### Identity - Project: Orion - Commodity: gold - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:f11302840f57c932a61f - Ownership percent: 50 % #### Resource Data - Category: inferred - Tonnes: 91000 - Grade: 3.33 - Grade Unit: g/t - Contained Metal: 10 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred gold resources at Orion represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 10 Context: 91 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-32) Kemess Underground · copper #### Identity - Project: Kemess Underground - Commodity: copper - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ee0299d9face04595339 #### Resource Data - Category: indicated - Tonnes: 65432000 - Grade: 0.24 - Grade Unit: % - Contained Metal: 346546 - Contained Unit: klbs - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated copper resources at Kemess Underground are a substantial part of the company's resource base. - Positive factor: Significant indicated copper resources Evidence · table > 0.24 Context: 65,432 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-33) Kemess Underground · silver #### Identity - Project: Kemess Underground - Commodity: silver - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ee0299d9face04595339 #### Resource Data - Category: indicated - Tonnes: 65432000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 3811 - Contained Unit: koz - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated silver resources at Kemess Underground provide additional value as a byproduct. - Positive factor: Significant indicated silver resources as a byproduct Evidence · table > 1.8 Context: 65,432 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-34) Kemess Underground · copper #### Identity - Project: Kemess Underground - Commodity: copper - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ecaf8f868af722a6fed1 #### Resource Data - Category: inferred - Tonnes: 9969000 - Grade: 0.21 - Grade Unit: % - Contained Metal: 46101 - Contained Unit: klbs - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred copper resources at Kemess Underground represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 0.21 Context: 9,969 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-35) Kemess Underground · silver #### Identity - Project: Kemess Underground - Commodity: silver - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ecaf8f868af722a6fed1 #### Resource Data - Category: inferred - Tonnes: 9969000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 503 - Contained Unit: koz - Cutoff Grade: 13 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred silver resources at Kemess Underground represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 1.6 Context: 9,969 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-36) Kemess East · copper #### Identity - Project: Kemess East - Commodity: copper - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ca3f4a863cb36d21155c #### Resource Data - Category: indicated - Tonnes: 55864000 - Grade: 0.41 - Grade Unit: % - Contained Metal: 503663 - Contained Unit: klbs - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated copper resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program. - Positive factor: Significant new indicated copper resources from successful drilling program Evidence · table > 0.41 Context: 55,864 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-37) Kemess East · silver #### Identity - Project: Kemess East - Commodity: silver - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:ca3f4a863cb36d21155c #### Resource Data - Category: indicated - Tonnes: 55864000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 3601 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Indicated silver resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program. - Positive factor: Significant new indicated silver resources from successful drilling program Evidence · table > 2.0 Context: 55,864 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-38) Kemess East · copper #### Identity - Project: Kemess East - Commodity: copper - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:637d6c140baa3941087e #### Resource Data - Category: inferred - Tonnes: 117152000 - Grade: 0.34 - Grade Unit: % - Contained Metal: 871407 - Contained Unit: klbs - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred copper resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty. - Positive factor: Significant new inferred copper resources from successful drilling program - Negative factor: Inferred resources have high uncertainty Evidence · table > 0.34 Context: 117,152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-39) Kemess East · silver #### Identity - Project: Kemess East - Commodity: silver - Region: canada\_bc - Reported Region: northern British Columbia - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:637d6c140baa3941087e #### Resource Data - Category: inferred - Tonnes: 117152000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 6739 - Contained Unit: koz - Cutoff Grade: 15 - Cutoff Unit: NSR #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred silver resources at Kemess East are a significant new addition to the resource base, resulting from a successful drilling program, though they carry high uncertainty. - Positive factor: Significant new inferred silver resources from successful drilling program - Negative factor: Inferred resources have high uncertainty Evidence · table > 1.8 Context: 117,152 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-40) Orion · silver #### Identity - Project: Orion - Commodity: silver - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:767058d6f9f3ffd3b83e - Ownership percent: 50 % #### Resource Data - Category: indicated - Tonnes: 554000 - Grade: 309 - Grade Unit: g/t - Contained Metal: 5503 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: High-grade indicated silver resources at Orion contribute to the overall resource base with good confidence. - Positive factor: High-grade indicated silver resources Evidence · table > 309 Context: 554 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/aurico-reports-2014-reserve-resource-update--3f2bf3e5-b7dc-4665-8ed3-475f7982a8b5#fact-resource-facts-41) Orion · silver #### Identity - Project: Orion - Commodity: silver - Ticker: AUQ #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Chris Bostwick, Jeffrey Volk - Resource group id: resource:f11302840f57c932a61f - Ownership percent: 50 % #### Resource Data - Category: inferred - Tonnes: 91000 - Grade: 95 - Grade Unit: g/t - Contained Metal: 275 - Contained Unit: koz #### Prior Estimate - Resource Date: 2014-12-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-02-19T00:00:00.000Z Reasoning: Inferred silver resources at Orion represent early-stage potential but carry high uncertainty. - Negative factor: Inferred resources have high uncertainty Evidence · table > 95 Context: 91 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.