Canada Nickel Announces Initial Mineral Resource at Nesbitt and Delivers 46% Increase in Indicated Resource at Deloro

Original announcement by tmx on

Company
Canada Nickel Company Inc.
Ticker
CNC
Exchange
TSX
Region
Ontario
Primary commodity
Nickel
Secondary commodities
Cobalt, Iron ore, Chromium, Sulfur, Palladium, Platinum
Document categories
Resource update, Drill results
Extracted
2026-09-13 18:40:15 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Canada Nickel has completed the initial phase of resource development in the Timmins Nickel District, announcing an initial mineral resource at the Nesbitt project and a significant update at Deloro. The Deloro Indicated Resource increased by 46% to 0.3 Mt contained nickel, while the Nesbitt project establishes the company's ninth deposit with a total resource of 176 Mt.

Reasoning: The announcement delivers a major milestone with a new resource at Nesbitt and significant expansion at Deloro, strengthening the district-scale nickel position.

Positive factors

  • Significant tonnage growth at Deloro
  • Initial resource established at Nesbitt (9th deposit)
  • Strong M&I resource scale across district
  • QA/QC protocols and lab accreditation disclosed

Negative factors

  • Nesbitt resource is primarily Inferred

Facts used in scoring: 75

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.

Why it applies: Nesbitt is described as an initial mineral resource, the company's ninth deposit.

Evidence · text

“announcing an initial mineral resource (the "Mineral Resource Estimate" or "MRE") for its 100% owned Nesbitt Nickel Sulphide Project ("Nesbitt")”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: Deloro Indicated resources increased by 46% and Inferred by 39% compared to the July 2024 resource.

Evidence · text

“The Indicated and Inferred resources increased by 46% and 39% respectively, in comparison to the initial resource announced in July 2024.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The resource estimates were prepared by Caracle Creek International Consulting Inc. in accordance with NI 43-101 standards.

Evidence · text

“The independent Qualified Person for the Mineral Resource Estimate ("MRE"), as defined by NI 43-101, is Dr. Scott Jobin-Bevans”

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: Dr. Scott Jobin-Bevans is named as the independent Qualified Person for the MRE.

Evidence · text

“The independent Qualified Person for the Mineral Resource Estimate ("MRE"), as defined by NI 43-101, is Dr. Scott Jobin-Bevans”

Extracted facts

Stored fact records: 75. Some facts used in scoring do not have a stored record.

Resource Estimates (75)

indicatedNesbitt · iron_oreTonnes: 19100000Grade: 5.6Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:16e732f9a8831787f746
Deposit or zone
Dunite

Resource Data

Category
indicated
Tonnes
19100000
Grade
5.6
Grade Unit
%
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Iron grade in Nesbitt indicated resource.

Evidence · table

“5.6”

Context: 19.1

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedNesbitt · sulfurTonnes: 19100000Grade: 0.078Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:16e732f9a8831787f746
Deposit or zone
Dunite

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.078
Grade Unit
%
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Sulphur grade in Nesbitt indicated resource.

Evidence · table

“0.078”

Context: 19.1

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedNesbitt · nickelTonnes: 19100000Grade: 0.24Grade Unit: %Contained Metal: 46.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.24
Grade Unit
%
Contained Metal
46.1
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project.

Evidence · table

“0.24”

Context: 19.1

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

indicatedNesbitt · cobaltTonnes: 19100000Grade: 0.01Grade Unit: %Contained Metal: 2Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.01
Grade Unit
%
Contained Metal
2
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Byproduct cobalt grade in Nesbitt indicated resource.

Evidence · table

“0.010”

Context: 19.1

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

indicatedNesbitt · iron_oreTonnes: 19100000Grade: 5.6Grade Unit: %Contained Metal: 1078.2Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
5.6
Grade Unit
%
Contained Metal
1078.2
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“5.6”

Context: 19.1

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

indicatedNesbitt · chromiumTonnes: 19100000Grade: 0.21Grade Unit: %Contained Metal: 39.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.21
Grade Unit
%
Contained Metal
39.3
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Chromium grade in Nesbitt indicated resource.

Evidence · table

“0.21”

Context: 19.1

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

indicatedNesbitt · sulfurTonnes: 19100000Grade: 0.078Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.078
Grade Unit
%
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.078”

Context: 19.1

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedNesbitt · palladiumTonnes: 19100000Grade: 0.006Grade Unit: g/tContained Metal: 15Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.006
Grade Unit
g/t
Contained Metal
15
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Palladium grade in Nesbitt indicated resource.

Evidence · table

“0.006”

Context: 19.1

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

indicatedNesbitt · platinumTonnes: 19100000Grade: 0.007Grade Unit: g/tContained Metal: 3.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c7c77339747d5028c2d9
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19100000
Grade
0.007
Grade Unit
g/t
Contained Metal
3.9
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Platinum grade in Nesbitt indicated resource.

Evidence · table

“0.007”

Context: 19.1

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

inferredNesbitt · nickelTonnes: 99800000Grade: 0.24Grade Unit: %Contained Metal: 242.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.24
Grade Unit
%
Contained Metal
242.6
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.24”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · cobaltTonnes: 99800000Grade: 0.011Grade Unit: %Contained Metal: 10.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.011
Grade Unit
%
Contained Metal
10.5
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.011”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · iron_oreTonnes: 99800000Grade: 5.7Grade Unit: %Contained Metal: 5729.8Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
5.7
Grade Unit
%
Contained Metal
5729.8
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“5.7”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · chromiumTonnes: 99800000Grade: 0.2Grade Unit: %Contained Metal: 199.8Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.2
Grade Unit
%
Contained Metal
199.8
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.20”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · sulfurTonnes: 99800000Grade: 0.072Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.072
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.072”

Context: 99.8

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 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

inferredNesbitt · palladiumTonnes: 99800000Grade: 0.008Grade Unit: g/tContained Metal: 72.1Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.008
Grade Unit
g/t
Contained Metal
72.1
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.008”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · platinumTonnes: 99800000Grade: 0.007Grade Unit: g/tContained Metal: 24.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6cce30bed273cb4afdc
Deposit or zone
Dunite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99800000
Grade
0.007
Grade Unit
g/t
Contained Metal
24.5
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.007”

Context: 99.8

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedNesbitt · nickelTonnes: 5400000Grade: 0.21Grade Unit: %Contained Metal: 11.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.21
Grade Unit
%
Contained Metal
11.4
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.21”

Context: 5.4

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

indicatedNesbitt · cobaltTonnes: 5400000Grade: 0.011Grade Unit: %Contained Metal: 0.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.011
Grade Unit
%
Contained Metal
0.6
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.011”

Context: 5.4

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

indicatedNesbitt · iron_oreTonnes: 5400000Grade: 6.4Grade Unit: %Contained Metal: 347.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
6.4
Grade Unit
%
Contained Metal
347.1
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“6.4”

Context: 5.4

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

indicatedNesbitt · chromiumTonnes: 5400000Grade: 0.3Grade Unit: %Contained Metal: 16Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.3
Grade Unit
%
Contained Metal
16
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.30”

Context: 5.4

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

indicatedNesbitt · sulfurTonnes: 5400000Grade: 0.088Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.088
Grade Unit
%
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.088”

Context: 5.4

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedNesbitt · palladiumTonnes: 5400000Grade: 0.007Grade Unit: g/tContained Metal: 4.8Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.007
Grade Unit
g/t
Contained Metal
4.8
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.007”

Context: 5.4

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

indicatedNesbitt · platinumTonnes: 5400000Grade: 0.007Grade Unit: g/tContained Metal: 1.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:4117af5af00b25a885db
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
5400000
Grade
0.007
Grade Unit
g/t
Contained Metal
1.2
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.007”

Context: 5.4

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

inferredNesbitt · nickelTonnes: 52300000Grade: 0.21Grade Unit: %Contained Metal: 108.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.21
Grade Unit
%
Contained Metal
108.4
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.21”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · cobaltTonnes: 52300000Grade: 0.011Grade Unit: %Contained Metal: 5.8Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.011
Grade Unit
%
Contained Metal
5.8
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.011”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · iron_oreTonnes: 52300000Grade: 6.6Grade Unit: %Contained Metal: 3459.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
6.6
Grade Unit
%
Contained Metal
3459.6
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“6.6”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · chromiumTonnes: 52300000Grade: 0.31Grade Unit: %Contained Metal: 163.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.31
Grade Unit
%
Contained Metal
163.1
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.31”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · sulfurTonnes: 52300000Grade: 0.068Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.068
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.068”

Context: 52.3

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 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

inferredNesbitt · palladiumTonnes: 52300000Grade: 0.009Grade Unit: g/tContained Metal: 35.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.009
Grade Unit
g/t
Contained Metal
35.4
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.009”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · platinumTonnes: 52300000Grade: 0.007Grade Unit: g/tContained Metal: 14.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:9e9fd47aaaa1b7dc542d
Deposit or zone
Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
52300000
Grade
0.007
Grade Unit
g/t
Contained Metal
14.7
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.007”

Context: 52.3

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedNesbitt · nickelTonnes: 24500000Grade: 0.23Grade Unit: %Contained Metal: 57.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.23
Grade Unit
%
Contained Metal
57.5
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.23”

Context: 24.5

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

indicatedNesbitt · cobaltTonnes: 24500000Grade: 0.01Grade Unit: %Contained Metal: 2.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.01
Grade Unit
%
Contained Metal
2.6
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.010”

Context: 24.5

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

indicatedNesbitt · iron_oreTonnes: 24500000Grade: 5.8Grade Unit: %Contained Metal: 1425.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
5.8
Grade Unit
%
Contained Metal
1425.3
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“5.8”

Context: 24.5

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

indicatedNesbitt · chromiumTonnes: 24500000Grade: 0.23Grade Unit: %Contained Metal: 55.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.23
Grade Unit
%
Contained Metal
55.3
Contained Unit
kt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.23”

Context: 24.5

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

indicatedNesbitt · sulfurTonnes: 24500000Grade: 0.081Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.081
Grade Unit
%
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.081”

Context: 24.5

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedNesbitt · palladiumTonnes: 24500000Grade: 0.021Grade Unit: g/tContained Metal: 19.8Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.021
Grade Unit
g/t
Contained Metal
19.8
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.021”

Context: 24.5

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

indicatedNesbitt · platinumTonnes: 24500000Grade: 0.022Grade Unit: g/tContained Metal: 5.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:c3259582f4591eb0e45f
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
24500000
Grade
0.022
Grade Unit
g/t
Contained Metal
5.2
Contained Unit
koz
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.022”

Context: 24.5

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

inferredNesbitt · nickelTonnes: 152100000Grade: 0.23Grade Unit: %Contained Metal: 351Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.23
Grade Unit
%
Contained Metal
351
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · cobaltTonnes: 152100000Grade: 0.011Grade Unit: %Contained Metal: 16.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
cobalt
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.011
Grade Unit
%
Contained Metal
16.3
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.011”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · iron_oreTonnes: 152100000Grade: 6Grade Unit: %Contained Metal: 9189.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
iron_ore
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
6
Grade Unit
%
Contained Metal
9189.4
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“6.0”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · chromiumTonnes: 152100000Grade: 0.24Grade Unit: %Contained Metal: 362.9Contained Unit: ktView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
chromium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.24
Grade Unit
%
Contained Metal
362.9
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.24”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · sulfurTonnes: 152100000Grade: 0.071Grade Unit: %View all details
Link to this fact

Identity

Project
Nesbitt
Commodity
sulfur
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.071
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.071”

Context: 152.1

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 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

inferredNesbitt · palladiumTonnes: 152100000Grade: 0.026Grade Unit: g/tContained Metal: 107.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
palladium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.026
Grade Unit
g/t
Contained Metal
107.5
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.026”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredNesbitt · platinumTonnes: 152100000Grade: 0.023Grade Unit: g/tContained Metal: 39.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
platinum
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c1d1927a8d380441a93a
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
152100000
Grade
0.023
Grade Unit
g/t
Contained Metal
39.2
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.023”

Context: 152.1

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedDeloro · nickelTonnes: 118700000Grade: 0.25Grade Unit: %Contained Metal: 300.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.25
Grade Unit
%
Contained Metal
300.3
Contained Unit
kt
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro.

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.25”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

indicatedDeloro · cobaltTonnes: 118700000Grade: 0.011Grade Unit: %Contained Metal: 12.8Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
cobalt
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.011
Grade Unit
%
Contained Metal
12.8
Contained Unit
kt
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.011”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

indicatedDeloro · iron_oreTonnes: 118700000Grade: 5.2Grade Unit: %Contained Metal: 6.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Deloro
Commodity
iron_ore
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
5.2
Grade Unit
%
Contained Metal
6.1
Contained Unit
mt
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“5.2”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

indicatedDeloro · chromiumTonnes: 118700000Grade: 0.26Grade Unit: %Contained Metal: 302.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
chromium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.26
Grade Unit
%
Contained Metal
302.4
Contained Unit
kt
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.26”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

indicatedDeloro · sulfurTonnes: 118700000Grade: 0.057Grade Unit: %View all details
Link to this fact

Identity

Project
Deloro
Commodity
sulfur
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.057
Grade Unit
%
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.057”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedDeloro · palladiumTonnes: 118700000Grade: 0.003Grade Unit: g/tContained Metal: 67.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Deloro
Commodity
palladium
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.003
Grade Unit
g/t
Contained Metal
67.5
Contained Unit
koz
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.003”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

indicatedDeloro · platinumTonnes: 118700000Grade: 0.004Grade Unit: g/tContained Metal: 11.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Deloro
Commodity
platinum
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:af7be7392cb0abd4cfaa
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
118700000
Grade
0.004
Grade Unit
g/t
Contained Metal
11.4
Contained Unit
koz
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.004”

Context: 118.7

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredDeloro · nickelTonnes: 498200000Grade: 0.25Grade Unit: %Contained Metal: 1253.7Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.25
Grade Unit
%
Contained Metal
1253.7
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredDeloro · cobaltTonnes: 498200000Grade: 0.011Grade Unit: %Contained Metal: 53.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
cobalt
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.011
Grade Unit
%
Contained Metal
53.5
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.011”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredDeloro · iron_oreTonnes: 498200000Grade: 5.3Grade Unit: %Contained Metal: 26.2Contained Unit: mtView all details
Link to this fact

Identity

Project
Deloro
Commodity
iron_ore
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
5.3
Grade Unit
%
Contained Metal
26.2
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“5.3”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredDeloro · chromiumTonnes: 498200000Grade: 0.23Grade Unit: %Contained Metal: 1135.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Deloro
Commodity
chromium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.23
Grade Unit
%
Contained Metal
1135.3
Contained Unit
kt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredDeloro · sulfurTonnes: 498200000Grade: 0.059Grade Unit: %View all details
Link to this fact

Identity

Project
Deloro
Commodity
sulfur
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.059
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.059”

Context: 498.2

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 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

inferredDeloro · palladiumTonnes: 498200000Grade: 0.004Grade Unit: g/tContained Metal: 295.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Deloro
Commodity
palladium
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.004
Grade Unit
g/t
Contained Metal
295.5
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.004”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredDeloro · platinumTonnes: 498200000Grade: 0.005Grade Unit: g/tContained Metal: 60Contained Unit: kozView all details
Link to this fact

Identity

Project
Deloro
Commodity
platinum
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:6f61cadc1f80243362a8
Deposit or zone
Dunite-Peridotite
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
498200000
Grade
0.005
Grade Unit
g/t
Contained Metal
60
Contained Unit
koz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.005”

Context: 498.2

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedCrawford · nickelTonnes: 2560000000Grade: 0.24Grade Unit: %Contained Metal: 6.03Contained Unit: mtView all details
Link to this fact

Identity

Project
Crawford
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:5f8781ee6187ce6612e1

Resource Data

Category
indicated
Tonnes
2560000000
Grade
0.24
Grade Unit
%
Contained Metal
6.03
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.24”

Context: 2.56

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredCrawford · nickelTonnes: 1690000000Grade: 0.22Grade Unit: %Contained Metal: 3.73Contained Unit: mtView all details
Link to this fact

Identity

Project
Crawford
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:ef78d94dfded03811297

Resource Data

Category
inferred
Tonnes
1690000000
Grade
0.22
Grade Unit
%
Contained Metal
3.73
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.22”

Context: 1.69

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedReid · nickelTonnes: 910000000Grade: 0.23Grade Unit: %Contained Metal: 2.14Contained Unit: mtView all details
Link to this fact

Identity

Project
Reid
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:2d9d26794e3fbec7c4df

Resource Data

Category
indicated
Tonnes
910000000
Grade
0.23
Grade Unit
%
Contained Metal
2.14
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 0.91

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredReid · nickelTonnes: 1450000000Grade: 0.23Grade Unit: %Contained Metal: 3.22Contained Unit: mtView all details
Link to this fact

Identity

Project
Reid
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b6d0863bb6dd87109ae2

Resource Data

Category
inferred
Tonnes
1450000000
Grade
0.23
Grade Unit
%
Contained Metal
3.22
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 1.45

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedMann W · nickelTonnes: 410000000Grade: 0.23Grade Unit: %Contained Metal: 0.95Contained Unit: mtView all details
Link to this fact

Identity

Project
Mann W
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:1160cb2c3acb4ad2cc96

Resource Data

Category
indicated
Tonnes
410000000
Grade
0.23
Grade Unit
%
Contained Metal
0.95
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 0.41

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredMann W · nickelTonnes: 600000000Grade: 0.22Grade Unit: %Contained Metal: 1.31Contained Unit: mtView all details
Link to this fact

Identity

Project
Mann W
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:0d1c86ec424854b17e2c

Resource Data

Category
inferred
Tonnes
600000000
Grade
0.22
Grade Unit
%
Contained Metal
1.31
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.22”

Context: 0.60

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedMann CE · nickelTonnes: 240000000Grade: 0.22Grade Unit: %Contained Metal: 0.52Contained Unit: mtView all details
Link to this fact

Identity

Project
Mann CE
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:f608127b7192199d5f8e

Resource Data

Category
indicated
Tonnes
240000000
Grade
0.22
Grade Unit
%
Contained Metal
0.52
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.22”

Context: 0.24

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredMann CE · nickelTonnes: 540000000Grade: 0.21Grade Unit: %Contained Metal: 1.15Contained Unit: mtView all details
Link to this fact

Identity

Project
Mann CE
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:b9d623bc133eeb2b2ffe

Resource Data

Category
inferred
Tonnes
540000000
Grade
0.21
Grade Unit
%
Contained Metal
1.15
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.21”

Context: 0.54

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedDeloro · nickelTonnes: 120000000Grade: 0.25Grade Unit: %Contained Metal: 0.3Contained Unit: mtView all details
Link to this fact

Identity

Project
Deloro
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:b5aeff27f44cef4dd030
Deposit or zone
Dunite-Peridotite

Resource Data

Category
indicated
Tonnes
120000000
Grade
0.25
Grade Unit
%
Contained Metal
0.3
Contained Unit
mt
Cutoff Unit
C$9/t NSR

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Significant expansion of Indicated resource at Deloro. (Expanded from portfolio resource summary table.)

Positive factors

  • 46% increase in Indicated resource

Evidence · table

“0.25”

Context: 0.12

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 Undisclosednegative

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

Why it applies: no cutoff_grade was 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

inferredDeloro · nickelTonnes: 500000000Grade: 0.25Grade Unit: %Contained Metal: 1.25Contained Unit: mtView all details
Link to this fact

Identity

Project
Deloro
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:c6af99571983f7bb7cf3

Resource Data

Category
inferred
Tonnes
500000000
Grade
0.25
Grade Unit
%
Contained Metal
1.25
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 0.50

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedTexmont · nickelTonnes: 40000000Grade: 0.29Grade Unit: %Contained Metal: 0.11Contained Unit: mtView all details
Link to this fact

Identity

Project
Texmont
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:dd026aafa6d733f0a05b

Resource Data

Category
indicated
Tonnes
40000000
Grade
0.29
Grade Unit
%
Contained Metal
0.11
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.29”

Context: 0.04

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredTexmont · nickelTonnes: 50000000Grade: 0.25Grade Unit: %Contained Metal: 0.14Contained Unit: mtView all details
Link to this fact

Identity

Project
Texmont
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:8c7d01e3d0e873b34137

Resource Data

Category
inferred
Tonnes
50000000
Grade
0.25
Grade Unit
%
Contained Metal
0.14
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 0.05

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedBannockburn · nickelTonnes: 60000000Grade: 0.28Grade Unit: %Contained Metal: 0.18Contained Unit: mtView all details
Link to this fact

Identity

Project
Bannockburn
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:5c97734b95737f138bec

Resource Data

Category
indicated
Tonnes
60000000
Grade
0.28
Grade Unit
%
Contained Metal
0.18
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.28”

Context: 0.06

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredBannockburn · nickelTonnes: 130000000Grade: 0.27Grade Unit: %Contained Metal: 0.34Contained Unit: mtView all details
Link to this fact

Identity

Project
Bannockburn
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:e312834c5929af8318d6

Resource Data

Category
inferred
Tonnes
130000000
Grade
0.27
Grade Unit
%
Contained Metal
0.34
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.27”

Context: 0.13

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredMidlothian · nickelTonnes: 590000000Grade: 0.28Grade Unit: %Contained Metal: 1.68Contained Unit: mtView all details
Link to this fact

Identity

Project
Midlothian
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:d3d3b33b40084d3cc47f

Resource Data

Category
inferred
Tonnes
590000000
Grade
0.28
Grade Unit
%
Contained Metal
1.68
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.28”

Context: 0.59

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedNesbitt · nickelTonnes: 20000000Grade: 0.23Grade Unit: %Contained Metal: 0.06Contained Unit: mtView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Region
canada_on
Reported Region
Ontario
Ticker
CNC

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Dr. Scott Jobin-Bevans
Resource group id
resource:b16d06fe2e0638009cd3
Deposit or zone
Dunite

Resource Data

Category
indicated
Tonnes
20000000
Grade
0.23
Grade Unit
%
Contained Metal
0.06
Contained Unit
mt
Cutoff Grade
0.1
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2026-07-23

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Initial indicated resource for the Nesbitt project. (Expanded from portfolio resource summary table.)

Evidence · table

“0.23”

Context: 0.02

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

inferredNesbitt · nickelTonnes: 150000000Grade: 0.23Grade Unit: %Contained Metal: 0.35Contained Unit: mtView all details
Link to this fact

Identity

Project
Nesbitt
Commodity
nickel
Ticker
CNC

Resource scope

Estimate type
resource
Resource group id
resource:e21422d8abc2e6afe673

Resource Data

Category
inferred
Tonnes
150000000
Grade
0.23
Grade Unit
%
Contained Metal
0.35
Contained Unit
mt

Review

Needs Review
No
Historical
No

Dates

Event date
2026-07-23T00:00:00.000Z

Reasoning: Expanded from portfolio resource summary table.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 0.15

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 Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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.