# Balmoral Resources Ltd. \(BALMF\) Releases Initial Resource Estimate For Grasset Deposit - Detour Trend Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe Original source: https://money.tmx.com/en/quote/BAR/news/72522668/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo Publisher: tmx Original announcement: 2016-03-07T12:25:53.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Balmoral Resources Ltd. - Ticker: BAR - Exchange: TSX - Region: West-Central Quebec - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Platinum, Palladium - Document categories: Resource update - Extracted: 2026-09-19 17:38:07 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Balmoral Resources has released its maiden mineral resource estimate for the Grasset Ni-Cu-Co-PGE deposit in Quebec. The estimate includes 3.45 Mt of Indicated Resource at 1.79% NiEq and 91,100 tonnes of Inferred Resource at 1.19% NiEq, based on a 1.00% NiEq cutoff. Reasoning: The release of a maiden resource estimate for a high-grade Ni-Cu-Co-PGE deposit is a major milestone, with a very high proportion of the resource in the Indicated category. - Positive factor: Maiden resource estimate establishes baseline for Grasset deposit - Positive factor: High-grade central core identified with 97.5% of resources in Indicated category - Positive factor: Significant NiEq scale \(136.3 million lbs\) - Positive factor: Deposit remains open to depth and along strike - Negative factor: Inferred component present \(though small\) - Negative factor: Resource is early-stage \(maiden\) Facts used in scoring: 10 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document reports the 'initial resource estimate' for the Grasset deposit. Evidence · text > reported the initial resource estimate for the Company's Grasset Ni-Cu-Co-PGE deposit **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: A significant portion of the resource is classified as Indicated. Evidence · text > 97.5% of the estimated resources are in the Indicated Category **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: Independent Qualified Persons from InnovExplo Inc. are named. Evidence · text > prepared by Mr. Pierre-Luc Richard \(P.Geo., M.Sc.\) and Mr. Carl Pelletier \(P.Geo., B.Sc.\) of InnovExplo Inc. and is summarized below. Mr. Richard and Mr. Pelletier are independent Qualified Persons pursuant to NI 43-101. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is prepared by QPs pursuant to NI 43-101. Evidence · text > Mr. Richard and Mr. Pelletier are independent Qualified Persons pursuant to NI 43-101. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource is reported at a 1.00% NiEq cutoff grade. Evidence · text > At a 1.00% NiEq cutoff grade ## Extracted facts Stored fact records: 10. Some facts used in scoring do not have a stored record. ## Resource Estimates (10) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-0) Grasset · nickel #### Identity - Project: Grasset - Commodity: nickel - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:52d65dcb4a845ecdd078 - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: indicated - Tonnes: 3450000 - Grade: 1.56 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Strong maiden indicated resource grade and tonnage. - Positive factor: High grade \(1.79% NiEq\) - Positive factor: High proportion of Indicated resource Evidence · text > Indicated Resource - 3.45 million tonnes @ 1.79% NiEq = 1.56% Nickel #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-1) Grasset · copper #### Identity - Project: Grasset - Commodity: copper - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:52d65dcb4a845ecdd078 - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: indicated - Tonnes: 3450000 - Grade: 0.17 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct copper grade. Evidence · text > 0.17% Copper #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-2) Grasset · cobalt #### Identity - Project: Grasset - Commodity: cobalt - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:52d65dcb4a845ecdd078 - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: indicated - Tonnes: 3450000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Trace cobalt grade. Evidence · text > 0.03% Cobalt #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-3) Grasset · platinum #### Identity - Project: Grasset - Commodity: platinum - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:52d65dcb4a845ecdd078 - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: indicated - Tonnes: 3450000 - Grade: 0.34 - Grade Unit: g/t - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct platinum grade. Evidence · text > 0.34 g/t Platinum #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-4) Grasset · palladium #### Identity - Project: Grasset - Commodity: palladium - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:52d65dcb4a845ecdd078 - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: indicated - Tonnes: 3450000 - Grade: 0.84 - Grade Unit: g/t - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.79 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct palladium grade. Evidence · text > 0.84 g/t Palladium #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-5) Grasset · nickel #### Identity - Project: Grasset - Commodity: nickel - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:fc84a97ead3197b57c7d - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: inferred - Tonnes: 91100 - Grade: 1.06 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Small inferred component of the resource. - Negative factor: Small tonnage in inferred category Evidence · text > Inferred Resource - 91,100 tonnes @ 1.19% NiEq = 1.06% Nickel #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-6) Grasset · copper #### Identity - Project: Grasset - Commodity: copper - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:fc84a97ead3197b57c7d - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: inferred - Tonnes: 91100 - Grade: 0.11 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct copper grade in inferred resource. Evidence · text > 0.11% Copper #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-7) Grasset · cobalt #### Identity - Project: Grasset - Commodity: cobalt - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:fc84a97ead3197b57c7d - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: inferred - Tonnes: 91100 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Trace cobalt grade in inferred resource. Evidence · text > 0.02% Cobalt #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-8) Grasset · platinum #### Identity - Project: Grasset - Commodity: platinum - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:fc84a97ead3197b57c7d - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: inferred - Tonnes: 91100 - Grade: 0.2 - Grade Unit: g/t - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct platinum grade in inferred resource. Evidence · text > 0.20 g/t Platinum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-balmf-releases-initial-resource-estimate-for-grasset-depo--13df851b-a47f-4729-90f7-8ce8a1e13bfe#fact-resource-facts-9) Grasset · palladium #### Identity - Project: Grasset - Commodity: palladium - Region: canada\_qc - Reported Region: West-Central Quebec - Ticker: BAR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Pierre-Luc Richard, Carl Pelletier - Resource group id: resource:fc84a97ead3197b57c7d - Deposit or zone: Grasset \(H3 + H1 zones\) #### Resource Data - Category: inferred - Tonnes: 91100 - Grade: 0.48 - Grade Unit: g/t - Cutoff Grade: 1 - Cutoff Unit: % NiEq #### Metal Equivalent - Metal Eq. Grade: 1.19 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2016-03-07T00:00:00.000Z Reasoning: Byproduct palladium grade in inferred resource. Evidence · text > 0.48 g/t Palladium #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.