DLP Announces Positive Preliminary Economic Assessment ("PEA") for the Aurora Copper-Molybdenum Project, with Significant Multi-Phase Expansion Potential
Original announcement by tmx on
- Company
- DLP Resources Inc.
- Ticker
- DLP
- Exchange
- TSX
- Region
- Peru
- Primary commodity
- Molybdenum
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update, Economic study
- Extracted
- 2026-09-17 18:30:20 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
DLP Resources Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its Aurora Copper-Molybdenum Project in Peru, outlining a 17.5-year mine life with an after-tax NPV8% of $2.703 billion and an IRR of 18.5%. The PEA highlights Aurora as a large-scale asset with significant molybdenum production, supported by an updated Mineral Resource Estimate. The company plans a phased development approach, with substantial multi-phase underground expansion potential beyond the initial mine plan.
Reasoning: DLP Resources announced a positive Preliminary Economic Assessment (PEA) for its Aurora Copper-Molybdenum Project, demonstrating robust economics with a $2.703 billion after-tax NPV8% and an 18.5% IRR over a 17.5-year mine life. The PEA is supported by an updated Mineral Resource Estimate and highlights significant multi-phase expansion potential, positioning Aurora as a high-grade molybdenum asset, though the study's preliminary nature and reliance on Inferred resources introduce some uncertainty.
Positive factors
- High after-tax NPV8% of $2.703 billion and IRR of 18.5% for the base case.
- Long mine life of 17.5 years with significant multi-phase expansion potential.
- Aurora is positioned as one of the highest-grade molybdenum projects globally.
- Co-product cost basis for C1 cash costs is disclosed.
- Strong community relations with a six-year land use and exploration agreement extension.
Negative factors
- The study is a Preliminary Economic Assessment (PEA), which is preliminary in nature.
- The PEA includes Inferred Mineral Resources, and the percentage of Inferred material in the mill feed is not disclosed.
- No explicit study base date for costs is provided, only the MRE effective date.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 19
Classification and evidence
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The document explicitly states it is a Preliminary Economic Assessment (PEA).
Evidence · text
“DLP Announces Positive Preliminary Economic Assessment ("PEA") for the Aurora Copper-Molybdenum Project”
High IRRpositive
Post-tax real unlevered IRR in the strong tier or better.
Why it applies: The after-tax IRR of 18.5% is in the moderate tier for greenfield projects (15-25%).
Evidence · table
“18.5”
Context: 2,703
Fast Paybackpositive
Payback in the strong tier or better, on the required basis.
Why it applies: The payback period of 5.2 years is in the moderate tier (3-5 years strong, 5-7 years moderate).
Evidence · table
“5.2”
Context: 18.5
Conservative Pricingpositive
Conservative on the worst of the spot, 3-year and consensus comparisons.
Why it applies: The base case copper price of $4.90/lb is 24% below spot ($6.47/lb), molybdenum $25.40/lb is 24% below spot ($33.57/lb), and silver $45.30/oz is 34% below spot ($68.50/oz), indicating conservative pricing against spot.
Evidence · text
“long-term commodity price assumptions of $4.90/lb copper, $25.40/lb molybdenum, and $45.30/oz silver. At spot prices as of August 26, 2026 ($6.47/lb copper, $33.57/lb molybdenum and $68.50/oz silver)”
Long Reserve Lifepositive
Reserve life index in the top tier of the single ladder.
Why it applies: The mine life of 17.5 years is in the adequate tier (>=10 years).
Evidence · table
“17.5”
Context: 0.95
Inferred Heavy Feednegative
Material Inferred share of LOM mill feed, or the share is undisclosed.
Why it applies: The PEA includes Inferred Mineral Resources, and the percentage of Inferred material in the mill feed is not disclosed, which is treated as a high-Inferred case.
Evidence · text
“The PEA includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The MRE is classified in accordance with the 2014 CIM Definition Standards on Mineral Resources and Reserves and was estimated in accordance with the CIM 2019 Best Practices Guidelines, which are equivalent to JORC.
Evidence · text
“The MRE is classified in accordance with the 2014 CIM Definition Standards on Mineral Resources and Reserves and was estimated in accordance with the CIM 2019 Best Practices Guidelines.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PEA and MRE were prepared in accordance with National Instrument 43-101.
Evidence · text
“The PEA was prepared in accordance with National Instrument 43-101 (" NI 43-101 ")”
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: The MRE was completed by Terre Lane of Global Resource Engineering, an independent Qualified Person as defined by NI 43-101, and other QPs are named for various sections.
Evidence · text
“an updated MRE has been completed for the Aurora deposit by Terre Lane of Global Resource Engineering, an independent Qualified Person as defined by NI 43-101.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document includes an 'Updated Mineral Resource Estimate' with an effective date of April 30, 2026.
Evidence · text
“Updated Mineral Resource Estimate contained in PEA establishes a strong foundation”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Resource Estimates (18)
indicatedAurora Copper-Molybdenum-Silver Project · copperTonnes: 382580000Grade: 0.24Grade Unit: %Contained Metal: 3118.21Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:ebd4d113b877f36bbee4
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 382580000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 3118.21
- Contained Unit
- mlbs
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.37
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated open pit copper equivalent resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.24”
Context: 382.58
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
indicatedAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 382580000Grade: 0.02Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:ebd4d113b877f36bbee4
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 382580000
- Grade
- 0.02
- Grade Unit
- %
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.37
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated open pit molybdenum resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.020”
Context: 382.58
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAurora Copper-Molybdenum-Silver Project · silverTonnes: 382580000Grade: 2.55Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:ebd4d113b877f36bbee4
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 382580000
- Grade
- 2.55
- Grade Unit
- g/t
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.37
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated open pit silver resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“2.55”
Context: 382.58
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · copperTonnes: 537860000Grade: 0.25Grade Unit: %Contained Metal: 4737.91Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8e2635fbe30be14be0a8
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 537860000
- Grade
- 0.25
- Grade Unit
- %
- Contained Metal
- 4737.91
- Contained Unit
- mlbs
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred open pit copper equivalent resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.25”
Context: 537.86
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
inferredAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 537860000Grade: 0.023Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8e2635fbe30be14be0a8
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 537860000
- Grade
- 0.023
- Grade Unit
- %
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred open pit molybdenum resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.023”
Context: 537.86
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · silverTonnes: 537860000Grade: 2.96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8e2635fbe30be14be0a8
- Deposit or zone
- Open Pit
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 537860000
- Grade
- 2.96
- Grade Unit
- g/t
- Cutoff Grade
- 6.9
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred open pit silver resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“2.96”
Context: 537.86
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAurora Copper-Molybdenum-Silver Project · copperTonnes: 232270000Grade: 0.12Grade Unit: %Contained Metal: 4379.31Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:a2d4412b02de0e6c6a3d
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 232270000
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 4379.31
- Contained Unit
- mlbs
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.86
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated underground copper equivalent resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.12”
Context: 232.27
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
indicatedAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 232270000Grade: 0.134Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:a2d4412b02de0e6c6a3d
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 232270000
- Grade
- 0.134
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.86
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated underground molybdenum resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.134”
Context: 232.27
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAurora Copper-Molybdenum-Silver Project · silverTonnes: 232270000Grade: 1.32Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:a2d4412b02de0e6c6a3d
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- indicated
- Tonnes
- 232270000
- Grade
- 1.32
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.86
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This indicated underground silver resource contributes to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“1.32”
Context: 232.27
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · copperTonnes: 580940000Grade: 0.11Grade Unit: %Contained Metal: 9527.32Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:d3bd40b4a2b2d415e061
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 580940000
- Grade
- 0.11
- Grade Unit
- %
- Contained Metal
- 9527.32
- Contained Unit
- mlbs
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred underground copper equivalent resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.11”
Context: 580.94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
inferredAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 580940000Grade: 0.117Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:d3bd40b4a2b2d415e061
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 580940000
- Grade
- 0.117
- Grade Unit
- %
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred underground molybdenum resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.117”
Context: 580.94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · silverTonnes: 580940000Grade: 1.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:d3bd40b4a2b2d415e061
- Deposit or zone
- Underground
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 580940000
- Grade
- 1.02
- Grade Unit
- g/t
- Cutoff Grade
- 25
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.74
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This inferred underground silver resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“1.02”
Context: 580.94
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAurora Copper-Molybdenum-Silver Project · copperTonnes: 614840000Grade: 0.19Grade Unit: %Contained Metal: 7497.53Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8f0ecb569f4c3c9e90c3
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 614840000
- Grade
- 0.19
- Grade Unit
- %
- Contained Metal
- 7497.53
- Contained Unit
- mlbs
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.55
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total indicated copper equivalent resource contributes significantly to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.19”
Context: 614.84
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
indicatedAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 614840000Grade: 0.06Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8f0ecb569f4c3c9e90c3
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 614840000
- Grade
- 0.06
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.55
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total indicated molybdenum resource contributes significantly to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“0.06”
Context: 614.84
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedAurora Copper-Molybdenum-Silver Project · silverTonnes: 614840000Grade: 2.09Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:8f0ecb569f4c3c9e90c3
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 614840000
- Grade
- 2.09
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.55
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total indicated silver resource contributes significantly to the overall project scale and confidence, forming a key part of the updated MRE.
Positive factors
- Indicated category provides good geological confidence.
- Part of an updated Mineral Resource Estimate supporting a PEA.
Evidence · table
“2.09”
Context: 614.84
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · copperTonnes: 1118800000Grade: 0.18Grade Unit: %Contained Metal: 14265.23Contained Unit: mlbsView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:12dffb02fd0b5e78eca6
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1118800000
- Grade
- 0.18
- Grade Unit
- %
- Contained Metal
- 14265.23
- Contained Unit
- mlbs
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total inferred copper equivalent resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.18”
Context: 1,118.80
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
inferredAurora Copper-Molybdenum-Silver Project · molybdenumTonnes: 1118800000Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:12dffb02fd0b5e78eca6
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1118800000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total inferred molybdenum resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“0.07”
Context: 1,118.80
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredAurora Copper-Molybdenum-Silver Project · silverTonnes: 1118800000Grade: 1.95Grade Unit: g/tView all detailsHide details
Identity
- Project
- Aurora Copper-Molybdenum-Silver Project
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- DLP
Resource scope
- Estimate type
- resource
- Effective date
- 2026-04-30T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Terre Lane
- Resource group id
- resource:12dffb02fd0b5e78eca6
- Deposit or zone
- Total
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1118800000
- Grade
- 1.95
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-04-30
Metal Equivalent
- Metal Eq. Grade
- 0.58
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-01T00:00:00.000Z
Reasoning: This total inferred silver resource contributes to the overall project scale, but its lower confidence category impacts its immediate usability for detailed studies.
Positive factors
- Part of an updated Mineral Resource Estimate supporting a PEA.
Negative factors
- Inferred category has lower geological confidence.
Evidence · table
“1.95”
Context: 1,118.80
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.