# Corporate Update and Akie Camp Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90 Original source: https://money.tmx.com/en/quote/ZNX/news/8766673423076916/corporate-update-and-akie-camp Publisher: tmx Original announcement: 2024-04-30T07:05:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ZincX Resources Corp. - Ticker: ZNX - Exchange: TSX - Region: British Columbia - Primary commodity: Zinc - Secondary commodities: Lead, Silver - Document categories: Resource update, Economic study - Extracted: 2026-09-17 07:06:25 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary ZincX Resources Corp. provided a corporate update highlighting the Akie Zn-Pb-Ag project. The update re-states 2018 resource estimates and Preliminary Economic Assessment \(PEA\) results, which envisage an underground mine with a 35% pre-tax IRR. Reasoning: The document is a corporate update re-releasing 2018 PEA and resource data. While the economics are strong, the lack of recent technical updates makes the novelty low. - Positive factor: Robust PEA economics with 35% pre-tax IRR - Positive factor: Significant SEDEX Zn-Pb-Ag resource scale - Positive factor: Strategic location near Teck/Korea Zinc assets - Negative factor: Stale resource data \(2018\) - Negative factor: Stale economic study \(2018\) Facts used in scoring: 7 ## Classification and evidence **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The mineral resource estimate was last updated in 2018. Evidence · text > The Company updated the estimate of mineral resources at Cardiac Creek in 2018 **Stale Study** Polarity: negative Definition: Beyond the staleness window measured from the estimate base date. Why it applies: The PEA results provided are from 2018. Evidence · text > The Company announced robust positive results from the 2018 Preliminary Economic Assessment \(PEA\) **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 and PEA are prepared under NI 43-101 standards. Evidence · text > NI 43-101 Technical Report Akie Project **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · table > 7.5 Context: 7.5 ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-1) Akie · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c23ac7179bbf22622d8d - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22700000 - Grade: 8.32 - Grade Unit: % - Contained Metal: 4162000000 - Contained Unit: lbs - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Significant resource base but historical. - Positive factor: Large indicated resource Evidence · table > 8.32 Context: 22.7 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-2) Akie · lead Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: lead - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c23ac7179bbf22622d8d - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22700000 - Grade: 1.61 - Grade Unit: % - Contained Metal: 804000000 - Contained Unit: lbs - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Secondary metal in indicated resource. Evidence · table > 1.61 Context: 22.7 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-3) Akie · silver Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c23ac7179bbf22622d8d - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22700000 - Grade: 14.1 - Grade Unit: g/t - Contained Metal: 10.3 - Contained Unit: m oz - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Secondary metal in indicated resource. Evidence · table > 14.1 Context: 22.7 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-4) Akie · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: zinc - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c8570c418a6b1fa6d938 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7500000 - Grade: 7.04 - Grade Unit: % - Contained Metal: 1169000000 - Contained Unit: lbs - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Inferred resource component. Evidence · table > 7.04 Context: 7.5 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-5) Akie · lead Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: lead - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c8570c418a6b1fa6d938 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7500000 - Grade: 1.24 - Grade Unit: % - Contained Metal: 205000000 - Contained Unit: lbs - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Secondary metal in inferred resource. Evidence · table > 1.24 Context: 7.5 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/corporate-update-and-akie-camp--a0861d86-2004-498a-bba3-1fb52c2dbe90#fact-resource-facts-6) Akie · silver Historical result Needs review: historical\_restatement #### Identity - Project: Akie - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: ZNX #### Resource scope - Estimate type: resource - Effective date: 2018-08-02T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:c8570c418a6b1fa6d938 - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7500000 - Grade: 12 - Grade Unit: g/t - Contained Metal: 2.9 - Contained Unit: m oz - Cutoff Grade: 5 - Cutoff Unit: % Zn #### Prior Estimate - Resource Date: 2018-08-02 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-08-02T00:00:00.000Z #### Dates - Event date: 2024-04-30T00:00:00.000Z Reasoning: Secondary metal in inferred resource. Evidence · table > 12.0 Context: 7.5 #### 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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 5.7 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.