Blue Star Updates its Ulu Gold Project Mineral Resource Estimate
Original announcement by tmx on
- Company
- Blue Star Gold Corp.
- Ticker
- BAU
- Exchange
- TSX
- Region
- Nunavut, Canada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-19 11:09:09 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Blue Star Gold Corp. announced an updated Mineral Resource Estimate for its Ulu Gold Project in Nunavut, Canada. The MRE reports a Measured and Indicated Mineral Resource of 2.204 million tonnes at 7.87 g/t gold for 558,000 ounces, and an Inferred Mineral Resource of 3.263 million tonnes at 4.54 g/t gold for 476,000 ounces. The company highlights the project's growth potential, with mineralization remaining open for expansion and metallurgical studies suggesting gold recoveries exceeding 90%.
Reasoning: The updated MRE shows a substantial high-grade Measured and Indicated resource, coupled with growth in Inferred ounces, reinforcing the project's potential. High recovery rates are also positive.
Positive factors
- Significant Measured and Indicated resource of 558,000 ounces at a high grade of 7.87 g/t gold.
- Increase in Inferred ounces, indicating growth potential.
- Metallurgical studies suggest high gold recoveries exceeding 90%.
- Resource remains open for expansion across all zones.
Negative factors
- A significant portion of the total resource is in the Inferred category (476,000 oz out of 1,034,000 oz total contained gold).
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 73
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces an update to the company's Mineral Resource Estimate for the Ulu Gold Project.
Evidence · text
“Blue Star Updates its Ulu Gold Project Mineral Resource Estimate”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The MRE includes 976,000 tonnes at 8.70 g/t Au for 273,000 ounces in the Measured category.
Evidence · table
“Measured”
Context: 976
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes 1,228,000 tonnes at 7.21 g/t Au for 285,000 ounces in the Indicated category.
Evidence · table
“Indicated”
Context: 1,228
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The MRE includes 3,263,000 tonnes at 4.54 g/t Au for 476,000 ounces in the Inferred category.
Evidence · table
“Inferred”
Context: 3,263
QP/CP Signedpositive
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: David Burga, P. Geo. from P&E Mining Consultants Inc. is named as the independent Qualified Person for the MRE.
Evidence · text
“The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is David Burga, P. Geo. (Nunavut #2272) from P&E Mining Consultants Inc.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared by P&E Mining Consultants Inc. within the parameters of the NI 43-101 Standards of Disclosure for Mineral Projects.
Evidence · text
“P&E Mining Consultants Inc., who performed the Mineral Resource modelling, are independent Qualified Persons and have prepared the updated MRE within the parameters of the NI 43-101 Standards of Disclosure for Mineral Projects.”
Cut-off Disclosedpositive
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: 73. Some facts used in scoring do not have a stored record.
Resource Estimates (73)
measuredUlu Gold Project · goldTonnes: 441000Grade: 8.33Grade Unit: g/tContained Metal: 118Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:9e0c4fc5c3457114d760
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 441000
- Grade
- 8.33
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics.
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“8.33”
Context: 441
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 200000Grade: 6.95Grade Unit: g/tContained Metal: 45Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:5ec2010cd312c88b3fa9
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 200000
- Grade
- 6.95
- Grade Unit
- g/t
- Contained Metal
- 45
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade.
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“6.95”
Context: 200
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 641000Grade: 7.9Grade Unit: g/tContained Metal: 163Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:4b18a506f179f1409b2d
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 641000
- Grade
- 7.9
- Grade Unit
- g/t
- Contained Metal
- 163
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I category provides a robust high-grade pit-constrained resource base for the Flood zone.
Positive factors
- Combined Measured and Indicated resource shows strong grade and tonnage for pit-constrained mining.
Evidence · table
“7.90”
Context: 641
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 142000Grade: 4.32Grade Unit: g/tContained Metal: 20Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b625eb0afb02675558e7
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 142000
- Grade
- 4.32
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.32”
Context: 142
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 2000Grade: 8.04Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:2c901aa0540e8c150f5d
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 2000
- Grade
- 8.04
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A very small, high-grade Indicated resource in the NTK zone, contributing minimally to overall tonnage.
Positive factors
- Very high grade for a pit-constrained resource.
Negative factors
- Very small tonnage.
Evidence · table
“8.04”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 90000Grade: 4.07Grade Unit: g/tContained Metal: 12Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:ca94edf2b9c5a6f8a2aa
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 90000
- Grade
- 4.07
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small Inferred resource for the pit-constrained NTK zone, offering some future potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.07”
Context: 90
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 25000Grade: 14.54Grade Unit: g/tContained Metal: 12Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:af05e59f65d4ab0c73ee
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 25000
- Grade
- 14.54
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but exceptionally high-grade Indicated resource in the NFN zone, which is very positive for potential economics.
Positive factors
- Extremely high grade for a pit-constrained resource.
Negative factors
- Small tonnage.
Evidence · table
“14.54”
Context: 25
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 46000Grade: 11.58Grade Unit: g/tContained Metal: 17Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:a1f5f56a8df49828d8ac
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 46000
- Grade
- 11.58
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but very high-grade Inferred resource in the NFN zone, indicating strong potential for future upgrades.
Positive factors
- Very high grade for an Inferred resource.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“11.58”
Context: 46
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu Gold Project · goldTonnes: 441000Grade: 8.33Grade Unit: g/tContained Metal: 118Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:d5daf98a88f56c153896
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 441000
- Grade
- 8.33
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This sub-total confirms a significant high-grade Measured resource for pit-constrained mining.
Positive factors
- High-grade Measured resource for the pit-constrained sub-total.
Evidence · table
“8.33”
Context: 441
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 227000Grade: 7.8Grade Unit: g/tContained Metal: 58Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:d92c20b48a0b1e3a6149
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 227000
- Grade
- 7.8
- Grade Unit
- g/t
- Contained Metal
- 58
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid high-grade Indicated resource contributing to the pit-constrained sub-total.
Positive factors
- High-grade Indicated resource for the pit-constrained sub-total.
Evidence · table
“7.80”
Context: 227
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 668000Grade: 8.15Grade Unit: g/tContained Metal: 176Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:f41a719ef0096dc55930
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 668000
- Grade
- 8.15
- Grade Unit
- g/t
- Contained Metal
- 176
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I sub-total represents a robust high-grade pit-constrained resource.
Positive factors
- Combined Measured and Indicated resource shows strong grade and tonnage for pit-constrained mining.
Evidence · table
“8.15”
Context: 668
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 278000Grade: 5.44Grade Unit: g/tContained Metal: 49Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:86a89d08b0c7e2fd8593
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 278000
- Grade
- 5.44
- Grade Unit
- g/t
- Contained Metal
- 49
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A moderate Inferred resource for the pit-constrained sub-total, providing future potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“5.44”
Context: 278
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu Gold Project · goldTonnes: 535000Grade: 9.01Grade Unit: g/tContained Metal: 155Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:80b66421264ec11b338a
- Deposit or zone
- Flood
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 535000
- Grade
- 9.01
- Grade Unit
- g/t
- Contained Metal
- 155
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a significant high-grade Measured resource for underground mining, which is very positive for project economics.
Positive factors
- High-grade Measured resource for underground mining in the Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“9.01”
Context: 535
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 919000Grade: 7.11Grade Unit: g/tContained Metal: 210Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:8049b9c7fbd1b10c60b9
- Deposit or zone
- Flood
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 919000
- Grade
- 7.11
- Grade Unit
- g/t
- Contained Metal
- 210
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A substantial high-grade Indicated resource for underground mining, adding significant value.
Positive factors
- High-grade Indicated resource for underground mining in the Flood zone.
Evidence · table
“7.11”
Context: 919
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 1454000Grade: 7.81Grade Unit: g/tContained Metal: 365Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:c03ae28e2a02c37ba97b
- Deposit or zone
- Flood
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1454000
- Grade
- 7.81
- Grade Unit
- g/t
- Contained Metal
- 365
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I category represents a very robust high-grade underground resource for the Flood zone.
Positive factors
- Combined Measured and Indicated resource shows strong grade and tonnage for underground mining.
Evidence · table
“7.81”
Context: 1,454
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 2430000Grade: 4.41Grade Unit: g/tContained Metal: 345Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:7b035681d52b4d429e32
- Deposit or zone
- Flood
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2430000
- Grade
- 4.41
- Grade Unit
- g/t
- Contained Metal
- 345
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A very large Inferred resource for underground mining in the Flood zone, offering substantial future potential for upgrades.
Positive factors
- Large tonnage in the Inferred category provides significant upside potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.41”
Context: 2,430
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 27000Grade: 5.68Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:15fb8ec9e95bfb2bfe0c
- Deposit or zone
- NTK
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 27000
- Grade
- 5.68
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but good-grade Indicated resource for underground mining in the NTK zone.
Positive factors
- Good grade for an underground Indicated resource.
Negative factors
- Small tonnage.
Evidence · table
“5.68”
Context: 27
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 371000Grade: 4.46Grade Unit: g/tContained Metal: 53Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:2acbc0a9600ef1b3df53
- Deposit or zone
- NTK
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 371000
- Grade
- 4.46
- Grade Unit
- g/t
- Contained Metal
- 53
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A moderate Inferred resource for underground mining in the NTK zone, providing future potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.46”
Context: 371
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 55000Grade: 7.37Grade Unit: g/tContained Metal: 13Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b16050efd9d34b7fb5d9
- Deposit or zone
- NFN
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 55000
- Grade
- 7.37
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but high-grade Indicated resource for underground mining in the NFN zone.
Positive factors
- High grade for an underground Indicated resource.
Negative factors
- Small tonnage.
Evidence · table
“7.37”
Context: 55
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 184000Grade: 4.96Grade Unit: g/tContained Metal: 29Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:eb2182e4a9aaf45662ef
- Deposit or zone
- NFN
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 184000
- Grade
- 4.96
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small Inferred resource for underground mining in the NFN zone, with reasonable grade.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.96”
Context: 184
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu Gold Project · goldTonnes: 535000Grade: 9.01Grade Unit: g/tContained Metal: 155Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:fd72326edab923c4d79c
- Deposit or zone
- Sub-Total
- Mining method
- underground
Resource Data
- Category
- measured
- Tonnes
- 535000
- Grade
- 9.01
- Grade Unit
- g/t
- Contained Metal
- 155
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This sub-total confirms a significant high-grade Measured resource for underground mining.
Positive factors
- High-grade Measured resource for the underground sub-total.
Evidence · table
“9.01”
Context: 535
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 1001000Grade: 7.08Grade Unit: g/tContained Metal: 228Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:a6452a8150c5516bbf93
- Deposit or zone
- Sub-Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1001000
- Grade
- 7.08
- Grade Unit
- g/t
- Contained Metal
- 228
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A significant high-grade Indicated resource contributing to the underground sub-total.
Positive factors
- Substantial high-grade Indicated resource for the underground sub-total.
Evidence · table
“7.08”
Context: 1,001
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 1536000Grade: 7.76Grade Unit: g/tContained Metal: 383Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:4b4eff034025f467db92
- Deposit or zone
- Sub-Total
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 1536000
- Grade
- 7.76
- Grade Unit
- g/t
- Contained Metal
- 383
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I sub-total represents a very robust high-grade underground resource.
Positive factors
- Combined Measured and Indicated resource shows strong grade and tonnage for underground mining.
Evidence · table
“7.76”
Context: 1,536
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 2985000Grade: 4.45Grade Unit: g/tContained Metal: 427Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b0ade956a35ab9b1eb38
- Deposit or zone
- Sub-Total
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 2985000
- Grade
- 4.45
- Grade Unit
- g/t
- Contained Metal
- 427
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A very large Inferred resource for the underground sub-total, offering substantial future potential for upgrades.
Positive factors
- Very large tonnage in the Inferred category provides significant upside potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.45”
Context: 2,985
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu Gold Project · goldTonnes: 976000Grade: 8.7Grade Unit: g/tContained Metal: 273Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:093d2ff3134c58854cd4
- Deposit or zone
- Flood
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 976000
- Grade
- 8.7
- Grade Unit
- g/t
- Contained Metal
- 273
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This combined Measured resource for the Flood zone is substantial and high-grade, providing a strong foundation.
Positive factors
- Significant high-grade Measured resource for the combined Flood zone.
Evidence · table
“8.70”
Context: 976
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 1119000Grade: 7.09Grade Unit: g/tContained Metal: 255Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:c3370f7da03c7aef48ad
- Deposit or zone
- Flood
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1119000
- Grade
- 7.09
- Grade Unit
- g/t
- Contained Metal
- 255
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A large and high-grade Indicated resource for the combined Flood zone, adding significant value.
Positive factors
- Substantial high-grade Indicated resource for the combined Flood zone.
Evidence · table
“7.09”
Context: 1,119
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 2095000Grade: 7.84Grade Unit: g/tContained Metal: 528Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:0366b32f42103bc388de
- Deposit or zone
- Flood
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2095000
- Grade
- 7.84
- Grade Unit
- g/t
- Contained Metal
- 528
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I category represents a very substantial and high-grade resource for the Flood zone, forming the core of the project.
Positive factors
- Very large combined Measured and Indicated resource with strong grade for the Flood zone.
Evidence · table
“7.84”
Context: 2,095
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 2572000Grade: 4.41Grade Unit: g/tContained Metal: 365Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b84b9ca6640688eae84d
- Deposit or zone
- Flood
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2572000
- Grade
- 4.41
- Grade Unit
- g/t
- Contained Metal
- 365
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A very large Inferred resource for the combined Flood zone, offering substantial future potential for upgrades.
Positive factors
- Very large tonnage in the Inferred category provides significant upside potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.41”
Context: 2,572
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 29000Grade: 6.44Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:1772994adebe9692bdb3
- Deposit or zone
- NTK
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 29000
- Grade
- 6.44
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but good-grade Indicated resource for the combined NTK zone.
Positive factors
- Good grade for a combined Indicated resource.
Negative factors
- Small tonnage.
Evidence · table
“6.44”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 461000Grade: 4.39Grade Unit: g/tContained Metal: 65Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b001d83bac71533b72b0
- Deposit or zone
- NTK
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 461000
- Grade
- 4.39
- Grade Unit
- g/t
- Contained Metal
- 65
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A moderate Inferred resource for the combined NTK zone, providing future potential.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.39”
Context: 461
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 80000Grade: 9.72Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:79ff05456697afd2fba1
- Deposit or zone
- NFN
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 80000
- Grade
- 9.72
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A small but very high-grade Indicated resource for the combined NFN zone, which is very positive.
Positive factors
- Very high grade for a combined Indicated resource.
Negative factors
- Small tonnage.
Evidence · table
“9.72”
Context: 80
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 230000Grade: 6.22Grade Unit: g/tContained Metal: 46Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:17dbf1392f2f123fc207
- Deposit or zone
- NFN
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 230000
- Grade
- 6.22
- Grade Unit
- g/t
- Contained Metal
- 46
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A moderate Inferred resource for the combined NFN zone, with good grade, providing future potential.
Positive factors
- Good grade for an Inferred resource.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“6.22”
Context: 230
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu Gold Project · goldTonnes: 976000Grade: 8.7Grade Unit: g/tContained Metal: 273Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:d4c77db1bff355e422cd
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 976000
- Grade
- 8.7
- Grade Unit
- g/t
- Contained Metal
- 273
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This total Measured resource is substantial and high-grade, forming a strong foundation for the project.
Positive factors
- Significant high-grade Measured resource for the total combined project.
Evidence · table
“8.70”
Context: 976
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 1228000Grade: 7.21Grade Unit: g/tContained Metal: 285Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:81f135b77fa113bfa951
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1228000
- Grade
- 7.21
- Grade Unit
- g/t
- Contained Metal
- 285
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A large and high-grade Indicated resource for the total combined project, adding significant value.
Positive factors
- Substantial high-grade Indicated resource for the total combined project.
Evidence · table
“7.21”
Context: 1,228
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu Gold Project · goldTonnes: 2204000Grade: 7.87Grade Unit: g/tContained Metal: 558000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:0f7e5ae0b16d569c100e
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2204000
- Grade
- 7.87
- Grade Unit
- g/t
- Contained Metal
- 558000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This M+I category represents a very substantial and high-grade total resource, forming the core of the project's value.
Positive factors
- Very large combined Measured and Indicated resource with strong grade for the total project.
Evidence · table
“7.87”
Context: 2,204
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu Gold Project · goldTonnes: 3263000Grade: 4.54Grade Unit: g/tContained Metal: 476000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ulu Gold Project
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:4d1a7717f21e650f5697
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 3263000
- Grade
- 4.54
- Grade Unit
- g/t
- Contained Metal
- 476000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A very large Inferred resource for the total combined project, offering substantial future potential for upgrades and expansion.
Positive factors
- Very large tonnage in the Inferred category provides significant upside potential for the total project.
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.54”
Context: 3,263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Fact 37West Kitikmeot RegionView all detailsHide details
Identity
- Project
- West Kitikmeot Region
- Region
- canada_nu
- Reported Region
- Nunavut
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Resource group id
- resource:9450bf5005ff84c8f7bc
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: Explicit resource disclosure recovered from source prose.
Evidence · text
“These assumptions have been applied to constrain the Mineral Resources and have resulted in lower cut-off grades.”
Tags used in scoring
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: These assumptions have been applied to constrain the Mineral Resources and have resulted in lower cut-off grades.
Evidence · text
“These assumptions have been applied to constrain the Mineral Resources and have resulted in lower cut-off grades.”
Context: West Kitikmeot Region, Nunavut
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredUlu · goldTonnes: 441Grade: 8.33Grade Unit: g/tContained Metal: 118Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:88ac7a83e5b0b1ca71a7
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 441
- Grade
- 8.33
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“8.33”
Context: 441
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 200Grade: 6.95Grade Unit: g/tContained Metal: 45Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:75d94efb905c7c339126
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 200
- Grade
- 6.95
- Grade Unit
- g/t
- Contained Metal
- 45
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“6.95”
Context: 200
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 641Grade: 7.9Grade Unit: g/tContained Metal: 163Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b43c0200b6a5d05bd3ab
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 641
- Grade
- 7.9
- Grade Unit
- g/t
- Contained Metal
- 163
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.90”
Context: 641
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 142Grade: 4.32Grade Unit: g/tContained Metal: 20Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:309345b43c5a623d9dce
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 142
- Grade
- 4.32
- Grade Unit
- g/t
- Contained Metal
- 20
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.32”
Context: 142
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 2Grade: 8.04Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b405c03a6a5f18c9ca31
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 2
- Grade
- 8.04
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“8.04”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 90Grade: 4.07Grade Unit: g/tContained Metal: 12Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:07e6504dec01d19a8a72
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 90
- Grade
- 4.07
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.07”
Context: 90
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 25Grade: 14.54Grade Unit: g/tContained Metal: 12Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b671ce4270bbbbb8f229
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 25
- Grade
- 14.54
- Grade Unit
- g/t
- Contained Metal
- 12
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“14.54”
Context: 25
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 46Grade: 11.58Grade Unit: g/tContained Metal: 17Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:dbf679e1c4fb1215aa30
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 46
- Grade
- 11.58
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“11.58”
Context: 46
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu · goldTonnes: 441Grade: 8.33Grade Unit: g/tContained Metal: 118Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:e4a129fcff463d92b9ac
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 441
- Grade
- 8.33
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“8.33”
Context: 441
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 227Grade: 7.8Grade Unit: g/tContained Metal: 58Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:a5790329376fb59ed8b4
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 227
- Grade
- 7.8
- Grade Unit
- g/t
- Contained Metal
- 58
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.80”
Context: 227
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 668Grade: 8.15Grade Unit: g/tContained Metal: 176Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:98a9f4295ee6588950f6
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 668
- Grade
- 8.15
- Grade Unit
- g/t
- Contained Metal
- 176
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“8.15”
Context: 668
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 278Grade: 5.44Grade Unit: g/tContained Metal: 49Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:b87ef1b5ad635f1afe87
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 278
- Grade
- 5.44
- Grade Unit
- g/t
- Contained Metal
- 49
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“5.44”
Context: 278
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu · goldTonnes: 535Grade: 9.01Grade Unit: g/tContained Metal: 155Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:66883aaab5e8662267f1
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 535
- Grade
- 9.01
- Grade Unit
- g/t
- Contained Metal
- 155
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“9.01”
Context: 535
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 919Grade: 7.11Grade Unit: g/tContained Metal: 210Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:45e5b72f6b02e1881577
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 919
- Grade
- 7.11
- Grade Unit
- g/t
- Contained Metal
- 210
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.11”
Context: 919
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 1454Grade: 7.81Grade Unit: g/tContained Metal: 365Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:62581210d359d3d963cb
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 1454
- Grade
- 7.81
- Grade Unit
- g/t
- Contained Metal
- 365
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.81”
Context: 1,454
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 2430Grade: 4.41Grade Unit: g/tContained Metal: 345Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:ee90d87a7855b887e98d
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 2430
- Grade
- 4.41
- Grade Unit
- g/t
- Contained Metal
- 345
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.41”
Context: 2,430
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 27Grade: 5.68Grade Unit: g/tContained Metal: 5Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:04e1c6d0fc6862996bd1
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 27
- Grade
- 5.68
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“5.68”
Context: 27
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 371Grade: 4.46Grade Unit: g/tContained Metal: 53Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:745e5d10cfd80514b53b
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 371
- Grade
- 4.46
- Grade Unit
- g/t
- Contained Metal
- 53
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.46”
Context: 371
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 55Grade: 7.37Grade Unit: g/tContained Metal: 13Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:f5cdf8a17a690df45418
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 55
- Grade
- 7.37
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.37”
Context: 55
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 184Grade: 4.96Grade Unit: g/tContained Metal: 29Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:fef97ab3db233e5af870
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 184
- Grade
- 4.96
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.96”
Context: 184
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu · goldTonnes: 535Grade: 9.01Grade Unit: g/tContained Metal: 155Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:6889040c95280f28e316
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 535
- Grade
- 9.01
- Grade Unit
- g/t
- Contained Metal
- 155
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“9.01”
Context: 535
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 1001Grade: 7.08Grade Unit: g/tContained Metal: 228Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:88b944b5434374a2e7c2
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 1001
- Grade
- 7.08
- Grade Unit
- g/t
- Contained Metal
- 228
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.08”
Context: 1,001
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 1536Grade: 7.76Grade Unit: g/tContained Metal: 383Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:d6068de241f443636e2f
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 1536
- Grade
- 7.76
- Grade Unit
- g/t
- Contained Metal
- 383
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.76”
Context: 1,536
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 2985Grade: 4.45Grade Unit: g/tContained Metal: 427Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:6fbbed74bdda449c18df
- Deposit or zone
- Sub-Total
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 2985
- Grade
- 4.45
- Grade Unit
- g/t
- Contained Metal
- 427
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.45”
Context: 2,985
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu · goldTonnes: 976Grade: 8.7Grade Unit: g/tContained Metal: 273Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:51e3b3d206701e36ac79
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 976
- Grade
- 8.7
- Grade Unit
- g/t
- Contained Metal
- 273
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“8.70”
Context: 976
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 1119Grade: 7.09Grade Unit: g/tContained Metal: 255Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:954d62942e39ddcec63b
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 1119
- Grade
- 7.09
- Grade Unit
- g/t
- Contained Metal
- 255
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.09”
Context: 1,119
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 2095Grade: 7.84Grade Unit: g/tContained Metal: 528Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:ea0d51c2b6d73df139ad
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 2095
- Grade
- 7.84
- Grade Unit
- g/t
- Contained Metal
- 528
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.84”
Context: 2,095
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 2572Grade: 4.41Grade Unit: g/tContained Metal: 365Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:c602d80230217833fd08
- Deposit or zone
- Flood
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 2572
- Grade
- 4.41
- Grade Unit
- g/t
- Contained Metal
- 365
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.41”
Context: 2,572
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 29Grade: 6.44Grade Unit: g/tContained Metal: 6Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:6e2239248eac8d5c7ca8
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 29
- Grade
- 6.44
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“6.44”
Context: 29
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 461Grade: 4.39Grade Unit: g/tContained Metal: 65Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:3ec3ce351ac2503328f2
- Deposit or zone
- NTK
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 461
- Grade
- 4.39
- Grade Unit
- g/t
- Contained Metal
- 65
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.39”
Context: 461
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 80Grade: 9.72Grade Unit: g/tContained Metal: 25Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:1c64a3b69c789853848a
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 80
- Grade
- 9.72
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“9.72”
Context: 80
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 230Grade: 6.22Grade Unit: g/tContained Metal: 46Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:37aac19569e0cbd4d7c7
- Deposit or zone
- NFN
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 230
- Grade
- 6.22
- Grade Unit
- g/t
- Contained Metal
- 46
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“6.22”
Context: 230
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredUlu · goldTonnes: 976Grade: 8.7Grade Unit: g/tContained Metal: 273Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:8a21d738e1e3eb93aedb
- Mining method
- other
Resource Data
- Category
- measured
- Tonnes
- 976
- Grade
- 8.7
- Grade Unit
- g/t
- Contained Metal
- 273
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: This is a high-grade Measured resource, which is a strong positive for project confidence and potential open-pit economics. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Measured resource in the pit-constrained Flood zone.
- Measured category indicates high geological confidence.
Evidence · table
“8.70”
Context: 976
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 1228Grade: 7.21Grade Unit: g/tContained Metal: 285Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:aaa7ad262b418fff8695
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 1228
- Grade
- 7.21
- Grade Unit
- g/t
- Contained Metal
- 285
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.21”
Context: 1,228
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedUlu · goldTonnes: 2204Grade: 7.87Grade Unit: g/tContained Metal: 558Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:ee1292370bf5554b49f1
- Mining method
- other
Resource Data
- Category
- indicated
- Tonnes
- 2204
- Grade
- 7.87
- Grade Unit
- g/t
- Contained Metal
- 558
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A solid Indicated resource contributing to the pit-constrained inventory, showing good grade. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High-grade Indicated resource in the pit-constrained Flood zone.
Evidence · table
“7.87”
Context: 2,204
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredUlu · goldTonnes: 3263Grade: 4.54Grade Unit: g/tContained Metal: 476Contained Unit: kozNeeds review: contained_metal_scale_conflictView all detailsHide details
Identity
- Project
- Ulu
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- BAU
Resource scope
- Estimate type
- resource
- Effective date
- 2026-05-15T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- David Burga
- Resource group id
- resource:ad5a864105aa70bbd109
- Mining method
- other
Resource Data
- Category
- inferred
- Tonnes
- 3263
- Grade
- 4.54
- Grade Unit
- g/t
- Contained Metal
- 476
- Contained Unit
- koz
- Cutoff Grade
- 0.8
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-05-15
Review
- Needs Review
- Yes
- Review Reason
- contained_metal_scale_conflict
- Historical
- No
Dates
- Event date
- 2026-05-21T00:00:00.000Z
Reasoning: A smaller Inferred component for the pit-constrained Flood zone, providing some future potential but with lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category has lower confidence.
Evidence · table
“4.54”
Context: 3,263
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.