# Element 29 Engages Synectiq to Advance Resource Modelling and Metallurgical Test Work at its Elida Porphyry Cu-Mo-Ag Deposit, Peru Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--86a8aa45-83c4-4bb4-8e06-865816318f7d Original source: https://money.tmx.com/en/quote/ECU/news/6888620655125617/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test Publisher: tmx Original announcement: 2026-05-07T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Element 29 Resources Inc. - Ticker: ECU - Exchange: TSX - Region: Peru - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver - Document categories: Resource update, Metallurgy - Extracted: 2026-09-19 19:04:02 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Element 29 Resources Inc. has engaged Synectiq Inc. to conduct resource modelling and metallurgical test work at its Elida Porphyry Cu-Mo-Ag deposit in Peru. The work aims to integrate recent Phase 3 drilling results into an updated Mineral Resource Estimate, which the company targets to complete by year-end. Reasoning: The announcement is a strategic update regarding the engagement of technical consultants to de-risk the project through resource modelling and metallurgical testing, following successful step-out drilling. - Positive factor: Engagement of specialist consultant Synectiq to advance technical studies - Positive factor: Drilling has extended mineralization beyond current pit shell - Positive factor: Clear path toward updated Mineral Resource Estimate \(MRE\) by year-end Facts used in scoring: 3 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The company is engaging Synectiq to support an updated Mineral Resource Estimate \(MRE\) following recent drilling. Evidence · text > support mineral resource modelling and to design and manage a metallurgical test work program **Step-Out Extension** Polarity: positive Story-specific tag Definition: Mineralization extended beyond the previously known limit. Why it applies: Phase 3 drilling has extended copper mineralization beyond the limits of the current pit shell. Evidence · text > Phase 3 drilling at Elida has extended copper mineralization beyond the limits of the current pit shell **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release states that activities will follow industry best practices and applicable QA/QC protocols. Evidence · text > Activities will follow industry best practices and applicable quality assurance and quality control \(" QA/QC "\) protocols. **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--86a8aa45-83c4-4bb4-8e06-865816318f7d#fact-resource-facts-0) Elida · copper Historical result Needs review: historical\_restatement #### Identity - Project: Elida - Commodity: copper - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Resource group id: resource:3100e80839cc3690aa30 #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 0.32 - Grade Unit: % - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: This is a restatement of the pit-constrained inferred resource from the September 2022 technical report. Evidence · text > initial pit-constrained inferred MRE 1 of 321.7 million tonnes grading 0.32% Cu #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--86a8aa45-83c4-4bb4-8e06-865816318f7d#fact-resource-facts-1) Elida · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: Elida - Commodity: molybdenum - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Resource group id: resource:3100e80839cc3690aa30 #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Restatement of historical molybdenum grade. Evidence · text > 321.7 million tonnes grading 0.32% Cu, 0.03% Mo #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/element-29-engages-synectiq-to-advance-resource-modelling-and-metallurgical-test--86a8aa45-83c4-4bb4-8e06-865816318f7d#fact-resource-facts-2) Elida · silver Historical result Needs review: historical\_restatement #### Identity - Project: Elida - Commodity: silver - Region: peru - Reported Region: Peru - Ticker: ECU #### Resource scope - Estimate type: resource - Resource group id: resource:3100e80839cc3690aa30 #### Resource Data - Category: inferred - Tonnes: 321700000 - Grade: 2.61 - Grade Unit: g/t - Cutoff Grade: 0.2 - Cutoff Unit: % Cu #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-09-20T00:00:00.000Z #### Dates - Event date: 2026-05-07T00:00:00.000Z Reasoning: Restatement of historical silver grade. Evidence · text > 321.7 million tonnes grading 0.32% Cu, 0.03% Mo and 2.61 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.6 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.