District Reports PEA Results for the Viken Deposit that Strengthens Sweden's Critical Raw Materials Future
Original announcement by tmx on
- Company
- District Metals Corp.
- Ticker
- DMX
- Exchange
- TSX
- Region
- Sweden
- Primary commodity
- Uranium
- Secondary commodities
- Vanadium, Potash, Molybdenum, Nickel, Zinc
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-17 19:05:31 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
District Metals Corp. announced strong Preliminary Economic Assessment (PEA) results for its Viken Deposit in Sweden, highlighting an after-tax NPV of $2.88 billion (8% discount rate) and an IRR of 45.9%. The study projects a rapid payback period of 2.1 years and a negative operating cost for uranium production, alongside significant output of vanadium, potash, molybdenum, nickel, and zinc. The PEA is based on the Indicated Mineral Resource, with a large Inferred Resource providing further upside.
Reasoning: The PEA for the Viken Deposit demonstrates robust economics with a high after-tax NPV of $2.88 billion and an IRR of 45.9%, supported by a negative operating cost for uranium production and a fast payback period of 2.1 years. The project also boasts significant production of multiple critical raw materials and is based on a substantial NI 43-101 compliant resource.
Positive factors
- High after-tax NPV and IRR
- Very fast payback period
- Negative operating cost for uranium production
- Significant annual production of multiple critical raw materials
- Low strip ratio for open pit mining
- Use of dry stack tailings
- NI 43-101 compliant study and resource estimate
- Large Indicated and Inferred Mineral Resource Estimates
Negative factors
- Preliminary Economic Assessment (PEA) level study
- PEA does not include Inferred Mineral Resources
- Potential for future regulatory challenges regarding Alum Shale mining in Sweden
Facts used in scoring: 28
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“Updated Mineral Resource Estimate”
Extracted facts
Stored fact records: 22. Some facts used in scoring do not have a stored record.
Resource Estimates (22)
indicatedViken Deposit · uraniumTonnes: 456000000Grade: 175Grade Unit: ppmContained Metal: 176Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- uranium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 175
- Grade Unit
- ppm
- Contained Metal
- 176
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for uranium provides a solid foundation for the PEA, demonstrating a significant quantity of metal with a good level of geological confidence.
Positive factors
- Significant Indicated Mineral Resource for uranium
- NI 43-101 compliant
- QP signed off
Evidence · table
“175”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · vanadiumTonnes: 456000000Grade: 2836Grade Unit: ppmContained Metal: 2851Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 2836
- Grade Unit
- ppm
- Contained Metal
- 2851
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for vanadium provides a solid foundation for the PEA, demonstrating a significant quantity of metal with a good level of geological confidence.
Positive factors
- Significant Indicated Mineral Resource for vanadium
- NI 43-101 compliant
- QP signed off
Evidence · table
“2,836”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · molybdenumTonnes: 456000000Grade: 257Grade Unit: ppmContained Metal: 258Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 257
- Grade Unit
- ppm
- Contained Metal
- 258
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for molybdenum contributes to the polymetallic nature of the deposit, adding value as a by-product.
Positive factors
- Significant Indicated Mineral Resource for molybdenum
- NI 43-101 compliant
- QP signed off
Evidence · table
“257”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · nickelTonnes: 456000000Grade: 330Grade Unit: ppmContained Metal: 332Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 330
- Grade Unit
- ppm
- Contained Metal
- 332
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for nickel contributes to the polymetallic nature of the deposit, adding value as a by-product.
Positive factors
- Significant Indicated Mineral Resource for nickel
- NI 43-101 compliant
- QP signed off
Evidence · table
“330”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · copperTonnes: 456000000Grade: 113Grade Unit: ppmContained Metal: 114Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- copper
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 113
- Grade Unit
- ppm
- Contained Metal
- 114
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for copper contributes to the polymetallic nature of the deposit, adding value as a by-product.
Positive factors
- Significant Indicated Mineral Resource for copper
- NI 43-101 compliant
- QP signed off
Evidence · table
“113”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · zincTonnes: 456000000Grade: 411Grade Unit: ppmContained Metal: 413Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 411
- Grade Unit
- ppm
- Contained Metal
- 413
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for zinc contributes to the polymetallic nature of the deposit, adding value as a by-product.
Positive factors
- Significant Indicated Mineral Resource for zinc
- NI 43-101 compliant
- QP signed off
Evidence · table
“411”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · p2o5Tonnes: 456000000Grade: 2461Grade Unit: ppmContained Metal: 1.12Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- p2o5
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 2461
- Grade Unit
- ppm
- Contained Metal
- 1.12
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for P2O5 adds to the overall polymetallic nature of the deposit.
Positive factors
- Indicated Mineral Resource for P2O5
- NI 43-101 compliant
- QP signed off
Evidence · table
“2,461”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · ce2o3Tonnes: 456000000Grade: 88Grade Unit: ppmContained Metal: 0.04Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- ce2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 88
- Grade Unit
- ppm
- Contained Metal
- 0.04
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for Ce2O3 adds to the overall polymetallic nature of the deposit.
Positive factors
- Indicated Mineral Resource for Ce2O3
- NI 43-101 compliant
- QP signed off
Evidence · table
“88”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · y2o3Tonnes: 456000000Grade: 492Grade Unit: ppmContained Metal: 0.22Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- y2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 492
- Grade Unit
- ppm
- Contained Metal
- 0.22
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for Y2O3 adds to the overall polymetallic nature of the deposit.
Positive factors
- Indicated Mineral Resource for Y2O3
- NI 43-101 compliant
- QP signed off
Evidence · table
“492”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · la2o3Tonnes: 456000000Grade: 7Grade Unit: ppmContained Metal: 0Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- la2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 7
- Grade Unit
- ppm
- Contained Metal
- 0
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for La2O3 adds to the overall polymetallic nature of the deposit, though contained metal is minimal.
Positive factors
- Indicated Mineral Resource for La2O3
- NI 43-101 compliant
- QP signed off
Evidence · table
“7”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedViken Deposit · k2oTonnes: 456000000Grade: 3.84Grade Unit: %Contained Metal: 17.53Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- k2o
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:c93666e3522d4874f3f6
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 456000000
- Grade
- 3.84
- Grade Unit
- %
- Contained Metal
- 17.53
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Indicated Mineral Resource for K2O (potash) is substantial and contributes significantly to the project's by-product value.
Positive factors
- Significant Indicated Mineral Resource for K2O (potash)
- NI 43-101 compliant
- QP signed off
Evidence · table
“3.84”
Context: 456
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · uraniumTonnes: 4333000000Grade: 161Grade Unit: ppmContained Metal: 1538Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- uranium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 161
- Grade Unit
- ppm
- Contained Metal
- 1538
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for uranium is exceptionally large, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Very large Inferred Mineral Resource for uranium
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“161”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · vanadiumTonnes: 4333000000Grade: 2543Grade Unit: ppmContained Metal: 24295Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- vanadium
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 2543
- Grade Unit
- ppm
- Contained Metal
- 24295
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for vanadium is exceptionally large, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Very large Inferred Mineral Resource for vanadium
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“2,543”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · molybdenumTonnes: 4333000000Grade: 240Grade Unit: ppmContained Metal: 2293Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- molybdenum
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 240
- Grade Unit
- ppm
- Contained Metal
- 2293
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for molybdenum is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for molybdenum
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“240”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · nickelTonnes: 4333000000Grade: 321Grade Unit: ppmContained Metal: 3067Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- nickel
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 321
- Grade Unit
- ppm
- Contained Metal
- 3067
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for nickel is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for nickel
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“321”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · copperTonnes: 4333000000Grade: 118Grade Unit: ppmContained Metal: 1127Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- copper
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 118
- Grade Unit
- ppm
- Contained Metal
- 1127
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for copper is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for copper
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“118”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · zincTonnes: 4333000000Grade: 417Grade Unit: ppmContained Metal: 3984Contained Unit: mlbView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- zinc
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 417
- Grade Unit
- ppm
- Contained Metal
- 3984
- Contained Unit
- mlb
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for zinc is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for zinc
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“417”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · p2o5Tonnes: 4333000000Grade: 2541Grade Unit: ppmContained Metal: 11.01Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- p2o5
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 2541
- Grade Unit
- ppm
- Contained Metal
- 11.01
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for P2O5 is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for P2O5
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“2,541”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · ce2o3Tonnes: 4333000000Grade: 88Grade Unit: ppmContained Metal: 0.38Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- ce2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 88
- Grade Unit
- ppm
- Contained Metal
- 0.38
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for Ce2O3 is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for Ce2O3
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“88”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · y2o3Tonnes: 4333000000Grade: 528Grade Unit: ppmContained Metal: 2.29Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- y2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 528
- Grade Unit
- ppm
- Contained Metal
- 2.29
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for Y2O3 is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for Y2O3
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“528”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · la2o3Tonnes: 4333000000Grade: 7Grade Unit: ppmContained Metal: 0.03Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- la2o3
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 7
- Grade Unit
- ppm
- Contained Metal
- 0.03
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for La2O3 is substantial, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Large Inferred Mineral Resource for La2O3
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“7”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredViken Deposit · k2oTonnes: 4333000000Grade: 3.7Grade Unit: %Contained Metal: 160.27Contained Unit: mtView all detailsHide details
Identity
- Project
- Viken Deposit
- Commodity
- k2o
- Region
- sweden
- Reported Region
- Sweden
- Ticker
- DMX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-04-25T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eugene Puritch
- Resource group id
- resource:064f8f643a8f7fa67ffe
- Deposit or zone
- Viken Deposit
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4333000000
- Grade
- 3.7
- Grade Unit
- %
- Contained Metal
- 160.27
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-25
Lab
- Laboratory
- ALS Minerals in Piteå, Sweden and ALS Chemex in Öjebyn and ALS Analytica in Luleå, Sweden
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-02T00:00:00.000Z
Reasoning: The Inferred Mineral Resource for K2O (potash) is exceptionally large, indicating significant long-term potential for the project, although it carries a lower level of confidence than Indicated resources and is not yet included in the PEA.
Positive factors
- Very large Inferred Mineral Resource for K2O (potash)
- NI 43-101 compliant
- QP signed off
- Significant upside potential not included in current PEA
Negative factors
- Inferred category has lower confidence
Evidence · table
“3.70”
Context: 4,333
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
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.