# C-Suite At The Open: David J. Copeland, President &amp; CEO and Andrew Ing, CFO from Rathdowney Resources Ltd. tell their Company story. Filmed on May 14, 2020

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/c-suite-at-the-open-david-j-copeland-president-ceo-and-andrew-ing-cfo-from-rathd--38c01c84-79a5-4e4a-98d5-e8fa147b8260

Original source: https://money.tmx.com/en/quote/RTH/news/8968634756266149/c-suite-at-the-open-david-j-copeland-president-ceo-and-andrew-ing-cfo-from-rathd

Publisher: tmx

Original announcement: 2020-06-02T14:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Rathdowney Resources Ltd.

- Ticker: RTH

- Exchange: TSX

- Region: southwestern Poland

- Primary commodity: Zinc

- Secondary commodities: Lead

- Document categories: Resource update, Other

- Extracted: 2026-09-12 23:36:39 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Rathdowney Resources highlights the economic potential of Project Olza in Poland, noting an inferred resource of 24.4 million tonnes at 7.02% combined zinc and lead. The company references a 2015 PEA indicating strong NPV and cash flow potential for an underground operation.

Reasoning: The document restates a 24.4 Mt inferred resource with a higher combined grade \(7.02% Zn+Pb\) than the 2019 RAG data \(6.15% Zn+Pb\), though it is a re-release of a 2015 PEA basis.

- Positive factor: Grade improvement in combined Zn+Pb vs prior inferred estimates

- Positive factor: Strong NPV and cash flow projections from PEA

- Positive factor: Proximity to existing smelter and infrastructure

- Negative factor: Resource is entirely Inferred

- Negative factor: Historical estimates are non-compliant with NI 43-101

Facts used in scoring: 3

## Classification and evidence

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The 24.4 Mt resource is explicitly stated as inferred.

Evidence · text

> 24.4 million tonnes of inferred mineral resources

**Historical Estimate Only**

Polarity: negative

Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The 77 Mt resource is identified as a historical estimate from a 1992 report.

Evidence · text

> Polish Geological Survey drilling delineated a historical resource of 77 million tonnes

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: David J. Copeland, P.Eng., a qualified person, has reviewed the technical information.

Evidence · text

> David J. Copeland, P.Eng., ... a qualified person ... has reviewed the technical information

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Resource Estimates (3)

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/c-suite-at-the-open-david-j-copeland-president-ceo-and-andrew-ing-cfo-from-rathd--38c01c84-79a5-4e4a-98d5-e8fa147b8260#fact-resource-facts-0)

Project Olza · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Project Olza
- Commodity: zinc
- Region: southwestern poland
- Reported Region: southwestern Poland
- Ticker: RTH

#### Resource scope

- Estimate type: resource
- QP Signed: Yes
- Qualified person names: David J. Copeland
- Resource group id: resource:98751fca9e6505f1267f

#### Resource Data

- Category: inferred
- Tonnes: 24400000
- Grade: 5.53
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % zinc

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2015-04-20T00:00:00.000Z

#### Dates

- Event date: 2020-06-02T00:00:00.000Z

Reasoning: Restatement of resource used for 2015 PEA.

- Positive factor: Grade is higher than prior 2019 inferred estimates

- Negative factor: Entirely inferred category

Evidence · text

> 24.4 million tonnes of inferred mineral resources grading 7.02% combined zinc and lead

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

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

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

**Stale Estimate**

Polarity: negative

Definition: Effective date is &gt;2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/c-suite-at-the-open-david-j-copeland-president-ceo-and-andrew-ing-cfo-from-rathd--38c01c84-79a5-4e4a-98d5-e8fa147b8260#fact-resource-facts-1)

Project Olza · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Project Olza
- Commodity: lead
- Region: southwestern poland
- Reported Region: southwestern Poland
- Ticker: RTH

#### Resource scope

- Estimate type: resource
- QP Signed: Yes
- Qualified person names: David J. Copeland
- Resource group id: resource:98751fca9e6505f1267f

#### Resource Data

- Category: inferred
- Tonnes: 24400000
- Grade: 1.49
- Grade Unit: %
- Cutoff Grade: 2
- Cutoff Unit: % zinc

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2015-04-20T00:00:00.000Z

#### Dates

- Event date: 2020-06-02T00:00:00.000Z

Reasoning: Restatement of resource used for 2015 PEA.

- Negative factor: Entirely inferred category

Evidence · text

> 24.4 million tonnes of inferred mineral resources grading 7.02% combined zinc and lead

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

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

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

**Stale Estimate**

Polarity: negative

Definition: Effective date is &gt;2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 5.1 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/c-suite-at-the-open-david-j-copeland-president-ceo-and-andrew-ing-cfo-from-rathd--38c01c84-79a5-4e4a-98d5-e8fa147b8260#fact-resource-facts-2)

Project Olza · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Project Olza
- Commodity: zinc
- Region: southwestern poland
- Reported Region: southwestern Poland
- Ticker: RTH

#### Resource scope

- Estimate type: resource
- Resource group id: resource:6ed2d4ab0d6bf5bdd1dd

#### Resource Data

- Category: inferred
- Tonnes: 77000000
- Grade: 6.15
- Grade Unit: % Zn+Pb

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 1992-01-01T00:00:00.000Z

#### Dates

- Event date: 2020-06-02T00:00:00.000Z

Reasoning: Historical estimate from 1992 Polish Geological Survey.

- Negative factor: Non-compliant with NI 43-101

- Negative factor: Historical estimate

Evidence · text

> 77 million tonnes grading 6.15% Zn+Pb in C1/C2 categories

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

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

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

**Stale Estimate**

Polarity: negative

Definition: Effective date is &gt;2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 28.4 years before this release

## 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.
