# Avrupa Minerals Files NI 43-101 Technical Report for Initial Mineral Resource Estimate for the Sesmarias Copper-Zinc Project, Portugal Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--aef512f2-7706-4319-b35e-5214749f157d Original source: https://money.tmx.com/en/quote/AVU/news/8761311906709794/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es Publisher: tmx Original announcement: 2026-07-22T21:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Avrupa Minerals Ltd. - Ticker: AVU - Exchange: TSX - Region: Portugal - Primary commodity: Zinc - Secondary commodities: Lead, Copper, Silver - Document categories: Resource update - Extracted: 2026-09-19 10:32:38 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Avrupa Minerals has released an initial NI 43-101 technical report for the Sesmarias Copper-Zinc VMS project in Portugal. The maiden resource estimate comprises 6.5 million tonnes of Inferred resources grading 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag \(6.2% ZnEq\). Reasoning: The company has released its initial NI 43-101 technical report for the Sesmarias project. While the resource is entirely Inferred, the grades are strong for a VMS deposit, though metallurgical certainty remains low. - Positive factor: Maiden resource established - Positive factor: High-grade zinc equivalent \(6.2% ZnEq\) - Positive factor: QP sign-off provided - Negative factor: 100% Inferred category - Negative factor: Metallurgical testing is only at a basic stage Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The entire 6.5 million tonne resource is classified as Inferred. Evidence · text > Total Inferred Mineral Resource Estimate of 6.5 million tonnes **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The report covers the 'initial Mineral Resource Estimate'. Evidence · text > initial Mineral Resource Estimate **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: Paul W. Kuhn is identified as the Qualified Person \(QP\) under NI 43-101. Evidence · text > Paul W. Kuhn, the QP, has not only reviewed, but prepared and supervised the preparation or approval of the scientific and technical content **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: While a ZnEq cutoff is mentioned, the specific technical/economic parameters used for the calculation are described as being at a preliminary stage. Evidence · text > Technical and economic parameters used in the MRE cut-off grade calculation are at a preliminary stage of evaluation **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: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--aef512f2-7706-4319-b35e-5214749f157d#fact-resource-facts-0) Sesmarias Copper-Zinc Project · zinc #### Identity - Project: Sesmarias Copper-Zinc Project - Commodity: zinc - Region: portugal - Reported Region: Portugal - Ticker: AVU #### Resource scope - Estimate type: resource - Effective date: 2026-06-03T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul W. Kuhn - Resource group id: resource:a92be900f2e8eb75c69e - Deposit or zone: Sesmarias - Mining method: other #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 2.9 - Grade Unit: % - Cutoff Grade: 4 - Cutoff Unit: % ZnEq #### Prior Estimate - Resource Date: 2026-06-03 #### Metal Equivalent - Metal Eq. Grade: 6.2 - Metal Eq. Unit: % ZnEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Primary zinc grade for the maiden resource. - Positive factor: Strong ZnEq grade - Negative factor: Inferred category only Evidence · text > Total Inferred Mineral Resource Estimate of 6.5 million tonnes grading 2.9% Zn #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--aef512f2-7706-4319-b35e-5214749f157d#fact-resource-facts-1) Sesmarias Copper-Zinc Project · lead #### Identity - Project: Sesmarias Copper-Zinc Project - Commodity: lead - Region: portugal - Reported Region: Portugal - Ticker: AVU #### Resource scope - Estimate type: resource - Effective date: 2026-06-03T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul W. Kuhn - Resource group id: resource:a92be900f2e8eb75c69e - Deposit or zone: Sesmarias - Mining method: other #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 1.2 - Grade Unit: % - Cutoff Grade: 4 - Cutoff Unit: % ZnEq #### Prior Estimate - Resource Date: 2026-06-03 #### Metal Equivalent - Metal Eq. Grade: 6.2 - Metal Eq. Unit: % ZnEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Lead grade component of the maiden resource. Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--aef512f2-7706-4319-b35e-5214749f157d#fact-resource-facts-2) Sesmarias Copper-Zinc Project · copper #### Identity - Project: Sesmarias Copper-Zinc Project - Commodity: copper - Region: portugal - Reported Region: Portugal - Ticker: AVU #### Resource scope - Estimate type: resource - Effective date: 2026-06-03T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul W. Kuhn - Resource group id: resource:a92be900f2e8eb75c69e - Deposit or zone: Sesmarias - Mining method: other #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 0.6 - Grade Unit: % - Cutoff Grade: 4 - Cutoff Unit: % ZnEq #### Prior Estimate - Resource Date: 2026-06-03 #### Metal Equivalent - Metal Eq. Grade: 6.2 - Metal Eq. Unit: % ZnEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Copper grade component of the maiden resource. Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb, 0.6% Cu #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/avrupa-minerals-files-ni-43-101-technical-report-for-initial-mineral-resource-es--aef512f2-7706-4319-b35e-5214749f157d#fact-resource-facts-3) Sesmarias Copper-Zinc Project · silver #### Identity - Project: Sesmarias Copper-Zinc Project - Commodity: silver - Region: portugal - Reported Region: Portugal - Ticker: AVU #### Resource scope - Estimate type: resource - Effective date: 2026-06-03T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Paul W. Kuhn - Resource group id: resource:a92be900f2e8eb75c69e - Deposit or zone: Sesmarias - Mining method: other #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 35 - Grade Unit: g/t - Cutoff Grade: 4 - Cutoff Unit: % ZnEq #### Prior Estimate - Resource Date: 2026-06-03 #### Metal Equivalent - Metal Eq. Grade: 6.2 - Metal Eq. Unit: % ZnEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: Silver grade component of the maiden resource. Evidence · text > 6.5 million tonnes grading 2.9% Zn, 1.2% Pb, 0.6% Cu, and 35 g/t Ag #### 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 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.