# Azarga Metals Announces Mineral Resource Estimate for the Marg Project, Central Yukon

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1

Original source: https://money.tmx.com/en/quote/AZR/news/7621913246301831/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y

Publisher: tmx

Original announcement: 2025-09-08T15:35:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: AZARGA METALS CORP.

- Ticker: AZR

- Exchange: TSX

- Region: Central Yukon, Canada

- Primary commodity: Copper

- Secondary commodities: Lead, Zinc, Silver, Gold

- Document categories: Resource update

- Extracted: 2026-09-19 13:21:32 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Azarga Metals has announced a maiden Mineral Resource Estimate for its Marg Project in Central Yukon, Canada, reporting 4.3 Mt Indicated at 2.9% CuEq and 10.0 Mt Inferred at 2.3% CuEq. The polymetallic VMS deposit, rich in copper, lead, zinc, silver, and gold, remains open for expansion along strike and down dip. The estimate, compliant with NI 43-101, highlights significant potential for growth and forms the basis for further exploration and engineering studies.

Reasoning: The document announces a significant maiden Mineral Resource Estimate for the Marg Project, highlighting high-grade polymetallic mineralization and substantial exploration upside. The estimate is NI 43-101 compliant and signed off by QPs, providing a strong foundation for future development. While a large portion is Inferred, the overall scale and grade are highly encouraging for a VMS deposit.

- Positive factor: Maiden resource estimate for the Marg Project, establishing a significant polymetallic VMS deposit.

- Positive factor: High-grade copper equivalent \(CuEq\) values for both Indicated \(2.9% CuEq\) and Inferred \(2.3% CuEq\) categories.

- Positive factor: Resource remains open to expansion along strike and down dip, indicating significant exploration potential.

- Positive factor: Compliant with NI 43-101 and CIM standards, with QP sign-off and site visit.

- Positive factor: Metallurgical testwork suggests amenability to differential flotation.

- Negative factor: Significant portion of the resource is in the Inferred category \(10.0 Mt Inferred vs 4.3 Mt Indicated\).

- Negative factor: Reliance on historical selective sampling practices for some data, limiting confidence in near-surface low-grade potential for open pit scenarios.

- Negative factor: Metal equivalent assumptions use recovery and payability from a 2016 metallurgical assessment, which may be dated.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 64

## Classification and evidence

**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: 64. Some facts used in scoring do not have a stored record.

## Resource Estimates (64)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-0)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards.

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.3

Context: 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-1)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.7
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Indicated lead grade is a valuable component of the polymetallic resource, contributing to the overall economic potential of the Marg Project.

- Positive factor: Significant lead grade contributing to the polymetallic nature of the deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.7

Context: 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-2)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 3.2
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Indicated zinc grade is a valuable component of the polymetallic resource, enhancing the overall economic potential of the Marg Project.

- Positive factor: Significant zinc grade contributing to the polymetallic nature of the deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 3.2

Context: 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-3)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 42
- Grade Unit: g/t
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Indicated silver grade adds to the polymetallic value of the resource, contributing to the overall economic viability of the Marg Project.

- Positive factor: Significant silver grade contributing to the polymetallic nature of the deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 42

Context: 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-4)

Marg Project · gold

#### Identity

- Project: Marg Project
- Commodity: gold
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 0.66
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Indicated gold grade is a valuable component of the polymetallic resource, contributing to the overall economic potential of the Marg Project.

- Positive factor: Gold grade contributing to the polymetallic nature of the deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 0.66

Context: 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-5)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling.

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-6)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred lead grade adds to the polymetallic nature of the resource, providing additional value potential, though with lower confidence due to its category.

- Positive factor: Significant lead grade in the Inferred category, contributing to polymetallic value.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.3

Context: 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-7)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 2.6
- Grade Unit: %
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred zinc grade is a valuable component of the polymetallic resource, enhancing the overall economic potential, but requires further drilling for confidence upgrade.

- Positive factor: Significant zinc grade in the Inferred category, contributing to polymetallic value.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.6

Context: 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-8)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 33
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred silver grade adds to the polymetallic value of the resource, providing additional economic potential, but requires further drilling for confidence upgrade.

- Positive factor: Significant silver grade in the Inferred category, contributing to polymetallic value.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 33

Context: 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-9)

Marg Project · gold

#### Identity

- Project: Marg Project
- Commodity: gold
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 0.54
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred gold grade adds to the polymetallic value of the resource, providing additional economic potential, but requires further drilling for confidence upgrade.

- Positive factor: Gold grade in the Inferred category, contributing to polymetallic value.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 0.54

Context: 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-10)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:d242e95bfacdff89c20e
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.3

Context: 4.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-11)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:d242e95bfacdff89c20e
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 3.2
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 3.2

Context: 4.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-12)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:d242e95bfacdff89c20e
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 1.7
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.7

Context: 4.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-13)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:d242e95bfacdff89c20e
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4200000
- Grade: 42
- Grade Unit: g/t
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 42

Context: 4.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-14)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1298bc0b1b5287488c90
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 1.4
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.4

Context: 3.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-15)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1298bc0b1b5287488c90
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 3.4
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 3.4

Context: 3.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-16)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1298bc0b1b5287488c90
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 1.8
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.8

Context: 3.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-17)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1298bc0b1b5287488c90
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3800000
- Grade: 44
- Grade Unit: g/t
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 44

Context: 3.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-18)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:346ea04d6f38875365f5
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 1.5
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.5

Context: 3.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-19)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:346ea04d6f38875365f5
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 3.8
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 3.8

Context: 3.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-20)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:346ea04d6f38875365f5
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 2
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 2.0

Context: 3.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-21)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:346ea04d6f38875365f5
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 3000000
- Grade: 48
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 48

Context: 3.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-22)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:323b3cb8beb4e39d382f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 1.7
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.7

Context: 2.5

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-23)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:323b3cb8beb4e39d382f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 4.1
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 4.1

Context: 2.5

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-24)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:323b3cb8beb4e39d382f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 2.2
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 2.2

Context: 2.5

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-25)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:323b3cb8beb4e39d382f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2500000
- Grade: 51
- Grade Unit: g/t
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 51

Context: 2.5

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-26)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:24588b61acec4cbc143f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 1.8
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.8

Context: 2.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-27)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:24588b61acec4cbc143f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 4.3
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 4.3

Context: 2.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-28)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:24588b61acec4cbc143f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 2.3
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 2.3

Context: 2.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-29)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:24588b61acec4cbc143f
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 2100000
- Grade: 54
- Grade Unit: g/t
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 54

Context: 2.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-30)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:89b3f1ee59f077e5882a
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: 10.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-31)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:89b3f1ee59f077e5882a
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 2.6
- Grade Unit: %
- Cutoff Grade: 0
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.6

Context: 10.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-32)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:89b3f1ee59f077e5882a
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.3

Context: 10.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-33)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:89b3f1ee59f077e5882a
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10200000
- Grade: 32
- Grade Unit: g/t
- Cutoff Grade: 0
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 32

Context: 10.2

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-34)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1f08b671879edf711819
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0.25
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: 10.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-35)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1f08b671879edf711819
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 2.6
- Grade Unit: %
- Cutoff Grade: 0.25
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.6

Context: 10.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-36)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1f08b671879edf711819
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.25
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.3

Context: 10.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-37)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:1f08b671879edf711819
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10100000
- Grade: 32
- Grade Unit: g/t
- Cutoff Grade: 0.25
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 32

Context: 10.1

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-38)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:734fe31c27b5229d8ed9
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: 9.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-39)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:734fe31c27b5229d8ed9
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 2.7
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.7

Context: 9.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-40)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:734fe31c27b5229d8ed9
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.3

Context: 9.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-41)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:734fe31c27b5229d8ed9
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9800000
- Grade: 33
- Grade Unit: g/t
- Cutoff Grade: 0.75
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 33

Context: 9.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-42)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:74d5b52470f10e32dedf
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: 9.4

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-43)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:74d5b52470f10e32dedf
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 2.8
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.8

Context: 9.4

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-44)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:74d5b52470f10e32dedf
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.3

Context: 9.4

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-45)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:74d5b52470f10e32dedf
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 9400000
- Grade: 34
- Grade Unit: g/t
- Cutoff Grade: 1
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 34

Context: 9.4

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-46)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6f5e2df9f8ebc566f482
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 1.1
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.1

Context: 7.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-47)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6f5e2df9f8ebc566f482
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 3
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 3.0

Context: 7.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-48)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6f5e2df9f8ebc566f482
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 1.5
- Grade Unit: %
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.5

Context: 7.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-49)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6f5e2df9f8ebc566f482
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 7800000
- Grade: 37
- Grade Unit: g/t
- Cutoff Grade: 1.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 37

Context: 7.8

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-50)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2792fc32a4c90ff4f693
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 1.2
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.2

Context: 5.7

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-51)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2792fc32a4c90ff4f693
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 3.4
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 3.4

Context: 5.7

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-52)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2792fc32a4c90ff4f693
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 1.7
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.7

Context: 5.7

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-53)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2792fc32a4c90ff4f693
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 5700000
- Grade: 42
- Grade Unit: g/t
- Cutoff Grade: 2
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 42

Context: 5.7

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-54)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:60981523f92c424a61ab
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 1.4
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.4

Context: 3.9

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-55)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:60981523f92c424a61ab
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 3.8
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 3.8

Context: 3.9

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-56)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:60981523f92c424a61ab
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 1.9
- Grade Unit: %
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.9

Context: 3.9

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-57)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:60981523f92c424a61ab
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 3900000
- Grade: 47
- Grade Unit: g/t
- Cutoff Grade: 2.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 47

Context: 3.9

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-58)

Marg Project · copper

#### Identity

- Project: Marg Project
- Commodity: copper
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:3c0d68b4908acea1ef6c
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 1.5
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.5

Context: 2.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-59)

Marg Project · zinc

#### Identity

- Project: Marg Project
- Commodity: zinc
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:3c0d68b4908acea1ef6c
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 4.4
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 4.4

Context: 2.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-60)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:3c0d68b4908acea1ef6c
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 2.1
- Grade Unit: %
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 2.1

Context: 2.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-61)

Marg Project · silver

#### Identity

- Project: Marg Project
- Commodity: silver
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:3c0d68b4908acea1ef6c
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 2300000
- Grade: 53
- Grade Unit: g/t
- Cutoff Grade: 3
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 53

Context: 2.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-62)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:63af344545e2af4c9eda
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: indicated
- Tonnes: 4300000
- Grade: 1.3
- Grade Unit: %
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.9
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: This is a high-grade Indicated copper resource, forming a key part of the overall polymetallic VMS deposit, and is reported under robust standards. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High-grade copper content for an Indicated resource.

- Positive factor: Part of a significant polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

Evidence · table

> 1.3

Context: Indicated 4.3

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/azarga-metals-announces-mineral-resource-estimate-for-the-marg-project-central-y--43a476af-4c3b-4f3b-b021-d0fd4dca16b1#fact-resource-facts-63)

Marg Project · lead

#### Identity

- Project: Marg Project
- Commodity: lead
- Region: canada\_yt
- Reported Region: Central Yukon, Canada
- Ticker: AZR

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:666b54e63b3fbc7474de
- Deposit or zone: Marg deposit
- Mining method: combined

#### Resource Data

- Category: inferred
- Tonnes: 10000000
- Grade: 1
- Grade Unit: %
- Cutoff Grade: 0.5
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2025-08-29

#### Metal Equivalent

- Metal Eq. Grade: 2.3
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-09-08T00:00:00.000Z

Reasoning: The Inferred copper resource is substantial and contributes significantly to the overall project scale, offering good potential for conversion to higher confidence categories with further drilling. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant copper content in the Inferred category, indicating potential for future upgrades.

- Positive factor: Part of a polymetallic VMS deposit.

- Positive factor: Estimate is NI 43-101 compliant with QP sign-off.

- Negative factor: Inferred category has lower geological confidence.

Evidence · table

> 1.0

Context: Inferred 10.0

#### 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

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**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

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

## How Atlas produces this analysis

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