# Euro Manganese Announces Filing of NI 43-101 Technical Report and the JORC Code Report for the Preliminary Economic Assessment of the Chvaletice Manganese Project

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/euro-manganese-announces-filing-of-ni-43-101-technical-report-and-the-jorc-code--012a5e8b-3489-43b4-b252-fd01f33e28b5

Original source: https://money.tmx.com/en/quote/EMN/news/6677677568232180/euro-manganese-announces-filing-of-ni-43-101-technical-report-and-the-jorc-code-

Publisher: tmx

Original announcement: 2026-06-29T17:05:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Euro Manganese Inc.

- Ticker: EMN

- Exchange: TSX

- Region: Czech Republic

- Primary commodity: Manganese

- Secondary commodities: Magnesium

- Document categories: Economic study, Resource update

- Extracted: 2026-09-19 18:46:44 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Euro Manganese has filed its NI 43-101 and JORC technical reports for the Preliminary Economic Assessment \(PEA\) of the Chvaletice Manganese Project in the Czech Republic. The PEA base case reports a post-tax NPV of US$492 million and a post-tax IRR of 13.8% based on an HPMSM price of US$2,888/t.

Reasoning: The announcement marks a major technical milestone with the formal filing of the PEA reports, though the economics remain at a high-level scoping stage with significant price sensitivity.

- Positive factor: Filing of NI 43-101 and JORC technical reports for the PEA

- Positive factor: Base case post-tax NPV of US$492 million

- Positive factor: Upside case shows significant sensitivity to HPMSM price increases

- Negative factor: PEA is a low-accuracy scoping-level study

- Negative factor: No committed funding for full project development

- Negative factor: High sensitivity to manganese pricing

Facts used in scoring: 2

## Classification and evidence

**PEA Only**

Polarity: neutral

Definition: Only Class 4 / Initial Assessment economics available. Not bankable.

Why it applies: The document describes the results as a Preliminary Economic Assessment \(PEA\) which is a scoping-level study.

Evidence · text

> Preliminary Economic Assessment, NI 43-101 Technical Report

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The technical report was prepared in accordance with NI 43-101 standards.

Evidence · text

> prepared in accordance with National Instrument 43-101

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The JORC Code report was prepared in accordance with the JORC Code 2012 Edition.

Evidence · text

> prepared in accordance with the Joint Ore Reserves Committee \("JORC"\) Australasian Code

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## 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.