# Azarga Metals NI 43-101 Technical Report Filed for the Marg Project, Central Yukon

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/azarga-metals-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a

Original source: https://money.tmx.com/en/quote/AZR/news/6886597429806504/azarga-metals-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko

Publisher: tmx

Original announcement: 2025-09-24T11:00:00.000Z

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

- Primary commodity: Copper

- Secondary commodities: Lead, Zinc, Silver, Gold

- Document categories: Resource update

- Extracted: 2026-09-19 13:19:51 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Azarga Metals has filed a National Instrument 43-101 compliant technical report for its Marg Project in Central Yukon, Canada. The report details a 2025 Mineral Resource Estimate at a 0.5% copper equivalent cut-off, including 4.3 Mt Indicated at 2.9% CuEq and 10.0 Mt Inferred at 2.3% CuEq. The estimate includes copper, lead, zinc, silver, and gold, with clear disclosure of metal equivalent assumptions and Qualified Person sign-off.

Reasoning: Azarga Metals has filed a new NI 43-101 compliant technical report for its Marg Project, detailing a significant polymetallic resource with both indicated and inferred categories. The report provides transparent metal equivalent calculations and is signed off by Qualified Persons, indicating a high level of confidence in the data. While the estimate was previously announced, its formal filing and detailed disclosure are positive steps for the project.

- Positive factor: New NI 43-101 compliant resource estimate for the Marg Project

- Positive factor: Significant indicated and inferred resources for multiple metals \(Cu, Pb, Zn, Ag, Au\)

- Positive factor: Clear disclosure of metal equivalent calculation and assumptions

- Positive factor: Qualified Persons have reviewed and approved the technical information

- Negative factor: Resource estimate was previously disclosed, reducing novelty slightly

- Negative factor: Historic economic assessment indicated potential for both open pit and underground, but selective sampling historically limits confidence for near-surface low-grade open pit potential

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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-0)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated copper resource of 4.3 Mt at 1.3% Cu is a material component of the overall resource, reported under NI 43-101 standards with QP sign-off and clear cut-off grade.

- Positive factor: Significant indicated resource tonnage and grade for copper

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-1)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated lead resource of 4.3 Mt at 1.7% Pb contributes significantly to the polymetallic nature of the deposit, reported under NI 43-101 standards with QP sign-off and clear cut-off grade.

- Positive factor: Significant indicated resource tonnage and grade for lead

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-2)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated zinc resource of 4.3 Mt at 3.2% Zn is a material component of the overall resource, reported under NI 43-101 standards with QP sign-off and clear cut-off grade.

- Positive factor: Significant indicated resource tonnage and grade for zinc

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-3)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated silver resource of 4.3 Mt at 42 g/t Ag contributes significantly to the polymetallic nature of the deposit, reported under NI 43-101 standards with QP sign-off and clear cut-off grade.

- Positive factor: Significant indicated resource tonnage and grade for silver

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-4)

Marg Project · gold

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated gold resource of 4.3 Mt at 0.66 g/t Au contributes to the polymetallic nature of the deposit, reported under NI 43-101 standards with QP sign-off and clear cut-off grade.

- Positive factor: Indicated resource tonnage and grade for gold

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-5)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred copper resource of 10.0 Mt at 1.0% Cu represents substantial potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off.

- Positive factor: Significant inferred resource tonnage for copper, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-6)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred lead resource of 10.0 Mt at 1.3% Pb contributes to the polymetallic potential, but its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off.

- Positive factor: Significant inferred resource tonnage for lead, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-7)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred zinc resource of 10.0 Mt at 2.6% Zn represents substantial potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off.

- Positive factor: Significant inferred resource tonnage for zinc, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-8)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred silver resource of 10.0 Mt at 33 g/t Ag contributes to the polymetallic potential, but its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off.

- Positive factor: Significant inferred resource tonnage for silver, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-9)

Marg Project · gold

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred gold resource of 10.0 Mt at 0.54 g/t Au contributes to the polymetallic potential, but its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off.

- Positive factor: Inferred resource tonnage for gold, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade disclosure

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-10)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:7f46d33a89d1dd9d9771
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-11)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:7f46d33a89d1dd9d9771
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-12)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:7f46d33a89d1dd9d9771
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-13)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:7f46d33a89d1dd9d9771
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-14)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:92f7719226346e808091
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-15)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:92f7719226346e808091
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-16)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:92f7719226346e808091
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-17)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:92f7719226346e808091
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-18)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2cd61dc6b3e02bee2d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-19)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2cd61dc6b3e02bee2d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-20)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2cd61dc6b3e02bee2d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-21)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:2cd61dc6b3e02bee2d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-22)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:65a55da3e0d236d08b4c
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-23)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:65a55da3e0d236d08b4c
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-24)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:65a55da3e0d236d08b4c
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-25)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:65a55da3e0d236d08b4c
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-26)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:98fc709edda75e52809b
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-27)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:98fc709edda75e52809b
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-28)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:98fc709edda75e52809b
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-29)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:98fc709edda75e52809b
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-30)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:a9cc9bbf93af5068288e
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-31)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:a9cc9bbf93af5068288e
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-32)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:a9cc9bbf93af5068288e
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-33)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:a9cc9bbf93af5068288e
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-34)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6bf803bc6337851cda33
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-35)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6bf803bc6337851cda33
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-36)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6bf803bc6337851cda33
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-37)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:6bf803bc6337851cda33
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-38)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:cae47fad2d6661155d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-39)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:cae47fad2d6661155d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-40)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:cae47fad2d6661155d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-41)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:cae47fad2d6661155d95
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-42)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:84f2b47cf17a52a873e5
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-43)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:84f2b47cf17a52a873e5
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-44)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:84f2b47cf17a52a873e5
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-45)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:84f2b47cf17a52a873e5
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-46)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:20a2ee7a93652ce09206
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-47)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:20a2ee7a93652ce09206
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-48)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:20a2ee7a93652ce09206
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-49)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:20a2ee7a93652ce09206
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-50)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:102e738cb4de6b77d7d3
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-51)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:102e738cb4de6b77d7d3
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-52)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:102e738cb4de6b77d7d3
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-53)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:102e738cb4de6b77d7d3
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-54)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:ee7a79aac48231c5f91f
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-55)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:ee7a79aac48231c5f91f
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-56)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:ee7a79aac48231c5f91f
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-57)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:ee7a79aac48231c5f91f
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-58)

Marg Project · copper

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:874866893b5e91c1d1be
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-59)

Marg Project · zinc

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:874866893b5e91c1d1be
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-60)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:874866893b5e91c1d1be
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-61)

Marg Project · silver

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:874866893b5e91c1d1be
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-62)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:378b93cfc48c8af7f0f8
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The indicated resource of 4.3 Mt at 2.9% CuEq represents a strong polymetallic resource, with transparent reporting of equivalent calculations and QP sign-off. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant indicated resource tonnage and copper equivalent grade

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

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

**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-ni-43-101-technical-report-filed-for-the-marg-project-central-yuko--21454fb3-a069-4cd0-950d-8c511647945a#fact-resource-facts-63)

Marg Project · lead

#### Identity

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

#### Resource scope

- Estimate type: resource
- Effective date: 2025-08-29T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: John Horton, Debbie James
- Resource group id: resource:85fd5f161f5a5c647528
- Deposit or zone: Marg Project
- 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: 2025-09-24T00:00:00.000Z

Reasoning: The inferred resource of 10.0 Mt at 2.3% CuEq represents substantial polymetallic potential, though its inferred classification means lower confidence. The estimate is NI 43-101 compliant with QP sign-off and transparent equivalent calculations. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant inferred resource tonnage and copper equivalent grade, indicating future potential

- Positive factor: NI 43-101 compliant estimate with QP sign-off

- Positive factor: Clear cut-off grade and metal equivalent assumptions disclosed

- 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

**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.
