# CopAur Delivers Preliminary Economic Assessment and a 52% Mineral Resource Estimate Growth for the Kinsley Mountain Gold Project

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc

Original source: https://money.tmx.com/en/quote/CPAU/news/8731306323819321/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima

Publisher: tmx

Original announcement: 2026-05-27T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: CopAur Minerals Inc.

- Ticker: CPAU

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update, Production

- Extracted: 2026-09-13 18:42:41 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

CopAur Minerals Inc. has reported a Preliminary Economic Assessment \(PEA\) and a 52% growth in the Mineral Resource Estimate \(MRE\) for its Kinsley Mountain Gold Project in eastern Nevada. The updated MRE now totals 742,000 Indicated ounces and 69,000 Inferred ounces of gold. The PEA highlights compelling economics, including a post-tax NPV\(5%\) of US$104 million and an IRR of 49% at consensus gold prices, with an average annual gold production of 30,000 ounces over a 4-year mine life.

Reasoning: CopAur Minerals announced a substantial 52% increase in its gold resource estimate and positive preliminary economic assessment results for the Kinsley Mountain Gold Project, indicating strong potential for project advancement and value creation.

- Positive factor: Significant 52% growth in total contained gold ounces in the Mineral Resource Estimate \(MRE\)

- Positive factor: Positive Preliminary Economic Assessment \(PEA\) results with strong post-tax NPV and IRR at consensus gold prices

- Positive factor: High-grade Secret Canyon zone contributes significantly to the Indicated resource

- Positive factor: NI 43-101 compliant MRE and PEA, signed off by Qualified Persons

- Positive factor: Project located in a favorable jurisdiction \(Nevada\)

- Negative factor: PEA is preliminary in nature and based on mineral resources, not reserves, carrying inherent uncertainty

- Negative factor: Significant portion of the resource is in the Inferred category, which has lower confidence

- Negative factor: Some cutoff grades are variable or not explicitly stated for combined categories, potentially affecting comparability

Facts used in scoring: 16

## Classification and evidence

**Tonnage Growth**

Polarity: positive

Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The Mineral Resource Estimate increased by 52% over the previous MRE.

Evidence · text

> A 52% growth over the previous Mineral Resource Estimate

**QP/CP Signed**

Polarity: positive

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

Why it applies: The engineering and financial information for the PEA and the scientific and technical information for the MRE were reviewed and approved by Qualified Persons Dr. Todd Harvey, Kristopher J. Raffle, and Kevin Hon, with a peer review by Warren Black.

Evidence · text

> The engineering and financial information as it relates to the PEA results contained in this news release has been reviewed and approved by Dr. Todd Harvey, PhD... and "Qualified Person" as defined in National Instrument 43-101... The scientific and technical information as it relates to geology &amp; mineralization contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo... and "Qualified Person" as defined in National Instrument 43-101... The MRE was completed by Kevin Hon, B.Sc., P.Geo., Senior Resource Geologist of APEX. Mr. Hon is an independent Qualified Persons, as defined by NI 43-101... Warren Black, M.Sc., P.Geo., Senior Consultant: Mineral Resources and Geostatistics, completed a peer review of the estimate.

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The technical report for the PEA and MRE is in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

> prepare a technical report in compliance with the guidelines of National Instrument 43-101 Standards of Disclosure for Mineral Projects \(" NI 43-101 "\)

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document announces an updated Mineral Resource Estimate, showing a 52% growth over the previous MRE.

Evidence · text

> A 52% growth over the previous Mineral Resource Estimate \(" MRE "\)

**Inferred Resource**

Polarity: negative

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

Why it applies: The updated MRE includes 69,000 Inferred ounces of gold, which is a speculative category with lower confidence.

Evidence · text

> 69,000 Inferred ounces at 1.98 g/t Au

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: Cutoff grades for different material types and classifications are clearly stated in Table 3.

Evidence · table

> 0.2

Context: Oxide

**PEA-Supporting**

Polarity: neutral

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

Why it applies: The resource estimate was prepared to support a Preliminary Economic Assessment.

Evidence · text

> results of the Preliminary Economic Assessment \(the " PEA "\)

## Extracted facts

Stored fact records: 16. Some facts used in scoring do not have a stored record.

## Resource Estimates (16)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-0)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:cf16d6e04062212b71dd
- Mining method: combined
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 6025000
- Grade: 0.029
- Grade Unit: ozt/st
- Contained Metal: 193
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This indicated oxide resource represents a substantial portion of the combined resource, offering good grade for a heap leach operation.

- Positive factor: Significant indicated oxide resource provides a solid base for open-pit mining

- Positive factor: Good grade for an oxide heap leach operation

Evidence · table

> 0.029

Context: 6,025

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-1)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:3958c53731e9274c4b99
- Mining method: combined
- Material type: oxide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 397000
- Grade: 0.021
- Grade Unit: ozt/st
- Contained Metal: 9
- Contained Unit: koz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred oxide resource contributes to the combined resource but has lower confidence and grade.

- Positive factor: Adds to the overall oxide resource base

- Negative factor: Inferred category has lower confidence

- Negative factor: Lower grade compared to indicated oxide resource

Evidence · table

> 0.021

Context: 397

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-2)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:04a0f00b8e228d10d29d
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 2069000
- Grade: 0.07
- Grade Unit: ozt/st
- Contained Metal: 158
- Contained Unit: koz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This indicated sulphide resource provides a solid contribution to the overall resource, with a good grade.

- Positive factor: Good grade for an indicated sulphide resource

- Positive factor: Adds to the overall indicated resource base

Evidence · table

> 0.07

Context: 2,069

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-3)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:27886e10094daf2e66b5
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 333000
- Grade: 0.05
- Grade Unit: ozt/st
- Contained Metal: 20
- Contained Unit: koz
- Cutoff Grade: 0.6
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred sulphide resource contributes to the overall resource but has lower confidence.

- Positive factor: Adds to the overall sulphide resource base

- Negative factor: Inferred category has lower confidence

Evidence · table

> 0.05

Context: 333

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-4)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:2b882cb23f29abfbff31
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 70000
- Grade: 0.087
- Grade Unit: ozt/st
- Contained Metal: 7
- Contained Unit: koz
- Cutoff Grade: 1.8
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This indicated sulphide resource, with a higher cutoff, represents potential for out-of-pit extraction.

- Positive factor: High-grade indicated resource for potential out-of-pit mining

Evidence · table

> 0.087

Context: 70

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-5)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:8fd820ecc5a8d147f4c8
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 147000
- Grade: 0.085
- Grade Unit: ozt/st
- Contained Metal: 14
- Contained Unit: koz
- Cutoff Grade: 1.8
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred sulphide resource contributes to the out-of-pit potential but has lower confidence.

- Positive factor: Adds to the out-of-pit resource potential

- Negative factor: Inferred category has lower confidence

Evidence · table

> 0.085

Context: 147

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-6)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:f2663e60d2c57f945e52
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 2139000
- Grade: 0.07
- Grade Unit: ozt/st
- Contained Metal: 164
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This indicated sulphide resource provides a solid contribution to the combined resource, with a good grade, though with a variable cutoff.

- Positive factor: Good grade for an indicated sulphide resource

- Positive factor: Adds to the overall indicated resource base

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.070

Context: 2,139

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-7)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:8a8df201a52a5d946ada
- Mining method: combined
- Material type: sulphide
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 480000
- Grade: 0.063
- Grade Unit: ozt/st
- Contained Metal: 33
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred sulphide resource contributes to the combined resource but has lower confidence and a variable cutoff.

- Positive factor: Adds to the overall sulphide resource base

- Negative factor: Inferred category has lower confidence

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.063

Context: 480

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-8)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:8c139aab32f55ffd515d
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 1971000
- Grade: 0.16
- Grade Unit: ozt/st
- Contained Metal: 353
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: The Secret Canyon zone provides a substantial high-grade indicated resource, significantly enhancing the project's overall economics.

- Positive factor: Very high-grade indicated resource in the Secret Canyon zone

- Positive factor: Significant contained metal contribution from this zone

Evidence · table

> 0.16

Context: 1,971

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-9)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:2de7bf51cf7b4d8fc2b2
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 9000
- Grade: 0.04
- Grade Unit: ozt/st
- Contained Metal: 0.4
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred resource in Secret Canyon is very small and contributes minimally to the overall resource, with lower confidence.

- Negative factor: Very small tonnage and contained metal

- Negative factor: Inferred category has lower confidence

Evidence · table

> 0.04

Context: 9

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-10)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:06394d6e28114e0dd7b3
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 275000
- Grade: 0.103
- Grade Unit: ozt/st
- Contained Metal: 31
- Contained Unit: koz
- Cutoff Grade: 1.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This indicated resource in Secret Canyon, with a higher cutoff, represents potential for out-of-pit extraction.

- Positive factor: High-grade indicated resource for potential out-of-pit mining

Evidence · table

> 0.103

Context: 275

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-11)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:74de729c36e7e83864c3
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 206000
- Grade: 0.116
- Grade Unit: ozt/st
- Contained Metal: 26
- Contained Unit: koz
- Cutoff Grade: 1.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred resource in Secret Canyon contributes to the out-of-pit potential but has lower confidence.

- Positive factor: Adds to the out-of-pit resource potential

- Negative factor: Inferred category has lower confidence

Evidence · table

> 0.116

Context: 206

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-12)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:6bd2d09998dc2ae81a55
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 2246000
- Grade: 0.155
- Grade Unit: ozt/st
- Contained Metal: 384
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: The Secret Canyon zone provides a substantial high-grade indicated resource, significantly enhancing the project's overall economics, though with a variable cutoff.

- Positive factor: Very high-grade indicated resource in the Secret Canyon zone

- Positive factor: Significant contained metal contribution from this zone

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.155

Context: 2,246

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-13)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:ad66f5939178c9d8ae42
- Deposit or zone: Secret Canyon
- Mining method: combined
- Material type: Secret Canyon
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 215000
- Grade: 0.113
- Grade Unit: ozt/st
- Contained Metal: 27
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: This inferred resource in Secret Canyon contributes to the high-grade potential but has lower confidence and a variable cutoff.

- Positive factor: Adds to the high-grade resource potential

- Negative factor: Inferred category has lower confidence

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.113

Context: 215

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-14)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:b16eec53cea86246a12e
- Deposit or zone: All
- Mining method: combined
- Material type: All
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 10410000
- Grade: 0.032
- Grade Unit: ozt/st
- Contained Metal: 742
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: The total indicated resource shows significant growth and a good overall grade, forming a strong base for the project.

- Positive factor: Significant total indicated resource, representing a 52% growth over previous MRE

- Positive factor: Good overall grade for a combined resource

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.032

Context: 10,410

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/copaur-delivers-preliminary-economic-assessment-and-a-52-mineral-resource-estima--d10f4ae2-abb9-4500-8abf-1ab61824f6fc#fact-resource-facts-15)

Kinsley Mountain Gold Project · gold

#### Identity

- Project: Kinsley Mountain Gold Project
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: CPAU

#### Resource scope

- Estimate type: resource
- Effective date: 2026-03-23T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Dr. Todd Harvey, Kristopher J. Raffle, Kevin Hon, Warren Black
- Resource group id: resource:bd5b6610e9fe26902acb
- Deposit or zone: All
- Mining method: combined
- Material type: All
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 1091000
- Grade: 0.058
- Grade Unit: ozt/st
- Contained Metal: 69
- Contained Unit: koz
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-03-23

#### Location

- CRS: North American Datum 1983 / UTM zone 11N
- EPSG: 26911
- Loc. Confidence: medium

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-27T00:00:00.000Z

Reasoning: The total inferred resource contributes to the overall project potential but has lower confidence and a variable cutoff.

- Positive factor: Adds to the overall resource base with a good grade

- Negative factor: Inferred category has lower confidence

- Negative factor: Variable cutoff grade makes direct comparison challenging

Evidence · table

> 0.058

Context: 1,091

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&amp;I component.

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

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
