ex_935384.htm
Original announcement by research on
- Company
- Fury Gold Mines Limited
- Ticker
- FURY
- Exchange
- TSX
- Region
- Quebec, Canada
- Primary commodity
- Gold
- Secondary commodities
- Lithium, Silver, Zinc, Copper, Tellurium, Bismuth
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-28 12:10:45 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Fury Gold Mines’ annual information form, dated March 31, 2026, reviews its gold exploration portfolio, historical exploration results, resources, financings and the previously announced Eau Claire PEA. Eau Claire’s standalone PEA reports an after-tax C$554 million NPV at a 5% discount rate and a 41% IRR at US$2,400/oz gold, while Sakami has an entirely Inferred resource of 825,000 ounces. This is a consolidated annual review rather than a new standalone assay, resource or economic-study announcement; the company reports no mineral reserves.
Reasoning: A broad annual corporate and technical review with moderately positive underlying project progress, but limited incremental news and substantial exploration and development uncertainty.
Positive factors
- The previously announced Eau Claire PEA reports positive after-tax economics under three processing scenarios.
- Eau Claire has Measured and Indicated resources, and Sakami adds a separately disclosed Inferred resource.
- The document describes strategic investment by Agnico Eagle and completed 2025 financings.
Negative factors
- This annual information form predominantly consolidates previously announced information.
- The company has no mineral reserves and has not established economic recoverability.
- The Sakami resource is entirely Inferred.
- The supplied narrative ends during the QA/QC discussion, limiting verification of later technical sections.
Rubric flags
- Document classification — Keep other as the primary category: the document is a broad annual information form, and its technical and financing sections largely restate earlier announcements.
- Source completeness — The supplied narrative truncates during page 28, while parsed tables extend beyond that point. Later project-specific effective dates, responsible persons, laboratories and methodological notes cannot all be verified from the available prose.
- Resource scope — Keep the PEA's diluted potentially mineable resource rows separate from the undiluted mineral resource estimate; neither represents mineral reserves.
- Metallurgical recovery bands — Heavy liquid separation has no route-specific recovery band in the supplied rubric; do not apply the lithium flotation band mechanically.
Facts used in scoring: 42
Classification and evidence
Annual Information Formneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The document is an annual corporate and technical disclosure covering the financial year ended December 31, 2025.
Evidence · text
“ANNUAL INFORMATION FORM FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2025”
No Mineral Reservesnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company explicitly states that it has no mineral reserves.
Evidence · text
“The Company has no mineral reserves”
Preliminary Economic Assessmentneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The Eau Claire study is described as an initial conceptual evaluation, so its positive economics remain preliminary.
Evidence · text
“The PEA represents an initial conceptual evaluation of the economic potential of Eau Claire’s mineral resources”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 42. Some facts used in scoring do not have a stored record.
Resource Estimates (41)
measuredEau Claire · goldTonnes: 1612000Grade: 5.67Grade Unit: g/tContained Metal: 294000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:c8a51e43a06def0f96ac
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1612000
- Grade
- 5.67
- Grade Unit
- g/t
- Contained Metal
- 294000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD83 UTM Zone 18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A high-confidence resource component, with little new information in this filing.
Positive factors
- Measured classification and 5.67 g/t gold.
Negative factors
- Restated 2024 estimate; not a reserve.
Evidence · table
“5.67”
Context: 1,612,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 4781000Grade: 5.64Grade Unit: g/tContained Metal: 866000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:6b7b23b0372c7f1eed40
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 4781000
- Grade
- 5.64
- Grade Unit
- g/t
- Contained Metal
- 866000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD83 UTM Zone 18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A substantial classified resource, rather than newly added ounces.
Positive factors
- 866,000 ounces in the Indicated category.
Negative factors
- Historical restatement; economic extraction is not established.
Evidence · table
“5.64”
Context: 4,781,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 6393000Grade: 5.65Grade Unit: g/tContained Metal: 1160000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:eeafb1c8d3da44ce26a9
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6393000
- Grade
- 5.65
- Grade Unit
- g/t
- Contained Metal
- 1160000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD83 UTM Zone 18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: The disclosed higher-confidence total supports project scale, but is historical.
Positive factors
- Printed Measured and Indicated total contains 1.16 million ounces.
Negative factors
- Overlaps component rows and must not be added to them.
Evidence · table
“5.65”
Context: 6,393,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 5445000Grade: 4.13Grade Unit: g/tContained Metal: 723000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:5aced0d5d9f16d60e595
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5445000
- Grade
- 4.13
- Grade Unit
- g/t
- Contained Metal
- 723000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD83 UTM Zone 18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A meaningful but lower-confidence project total, restated from 2024.
Positive factors
- 723,000 disclosed ounces add geological scale.
Negative factors
- Inferred classification; includes multiple deposits.
Evidence · table
“4.13”
Context: 5,445,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 1157000Grade: 5.19Grade Unit: g/tContained Metal: 193000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:66f5994373b1d11aab1a
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1157000
- Grade
- 5.19
- Grade Unit
- g/t
- Contained Metal
- 193000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: Strong grade for the stated open-pit scope.
Positive factors
- Measured open-pit resource at 5.19 g/t with a stated cut-off.
Negative factors
- Historical resource, not a reserve.
Evidence · table
“5.19”
Context: 1,157,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 1291000Grade: 4.19Grade Unit: g/tContained Metal: 174000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:4368eb37e130802e916d
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1291000
- Grade
- 4.19
- Grade Unit
- g/t
- Contained Metal
- 174000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: Attractive open-pit resource grade, with limited novelty.
Positive factors
- 4.19 g/t within an Indicated open-pit resource.
Negative factors
- Historical estimate with no reserve conversion disclosed.
Evidence · table
“4.19”
Context: 1,291,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 2448000Grade: 4.66Grade Unit: g/tContained Metal: 367000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:eb67b33497549dbf274f
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2448000
- Grade
- 4.66
- Grade Unit
- g/t
- Contained Metal
- 367000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A useful higher-confidence open-pit resource base.
Positive factors
- 367,000 ounces in the printed open-pit Measured and Indicated total.
Negative factors
- Total overlaps its component rows.
Evidence · table
“4.66”
Context: 2,448,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 69000Grade: 4.39Grade Unit: g/tContained Metal: 10000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:c2529142bf40c6d78000
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 69000
- Grade
- 4.39
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A small speculative addition to the open-pit inventory.
Positive factors
- Strong stated open-pit grade.
Negative factors
- Only 10,000 ounces and Inferred confidence.
Evidence · table
“4.39”
Context: 69,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 455000Grade: 6.9Grade Unit: g/tContained Metal: 101000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:bfd662c794b7f6043cc3
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 455000
- Grade
- 6.9
- Grade Unit
- g/t
- Contained Metal
- 101000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A credible underground resource component without new reserve evidence.
Positive factors
- Measured classification and high-grade underground resource.
Negative factors
- Modest contained scale; historical estimate.
Evidence · table
“6.90”
Context: 455,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 3490000Grade: 6.17Grade Unit: g/tContained Metal: 692000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:cc17580e1d4ab6a73338
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3490000
- Grade
- 6.17
- Grade Unit
- g/t
- Contained Metal
- 692000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A material higher-confidence underground resource base.
Positive factors
- 692,000 Indicated ounces at 6.17 g/t.
Negative factors
- Underground resource requires engineering and economic conversion.
Evidence · table
“6.17”
Context: 3,490,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 3945000Grade: 6.25Grade Unit: g/tContained Metal: 793000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a720a5bf507dbe9b4bff
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3945000
- Grade
- 6.25
- Grade Unit
- g/t
- Contained Metal
- 793000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A significant classified underground inventory, restated without change.
Positive factors
- Printed underground Measured and Indicated total of 793,000 ounces.
Negative factors
- Overlaps component rows and is not a reserve.
Evidence · table
“6.25”
Context: 3,945,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2566000Grade: 6.08Grade Unit: g/tContained Metal: 502000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:7b8820359bcd15100872
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2566000
- Grade
- 6.08
- Grade Unit
- g/t
- Contained Metal
- 502000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: Meaningful potential scale with limited geological confidence.
Positive factors
- 502,000 ounces at 6.08 g/t offer underground resource potential.
Negative factors
- Inferred confidence requires further drilling.
Evidence · table
“6.08”
Context: 2,566,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 1612000Grade: 5.67Grade Unit: g/tContained Metal: 294000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:3d154e755d7d415cf91d
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 1612000
- Grade
- 5.67
- Grade Unit
- g/t
- Contained Metal
- 294000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A disclosed combined total, not additional inventory.
Positive factors
- Measured total combines open-pit and underground resources.
Negative factors
- Overlaps mining-method components.
Evidence · table
“5.67”
Context: 1,612,000
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 4781000Grade: 5.64Grade Unit: g/tContained Metal: 866000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:d6c8d34b80161bd977d5
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 4781000
- Grade
- 5.64
- Grade Unit
- g/t
- Contained Metal
- 866000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A substantial classified deposit resource.
Positive factors
- 866,000 Indicated ounces across both mining scopes.
Negative factors
- Historical total overlaps component rows.
Evidence · table
“5.64”
Context: 4,781,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedEau Claire · goldTonnes: 6393000Grade: 5.65Grade Unit: g/tContained Metal: 1160000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:74c767ac5db4e48e8654
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 6393000
- Grade
- 5.65
- Grade Unit
- g/t
- Contained Metal
- 1160000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: The deposit's main higher-confidence resource total.
Positive factors
- 1,160,000 ounces in the combined Measured and Indicated resource.
Negative factors
- Aggregate overlaps category and mining-method components.
Evidence · table
“5.65”
Context: 6,393,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2635000Grade: 6.04Grade Unit: g/tContained Metal: 512000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:324f78afed359ad3b150
- Deposit or zone
- Eau Claire deposit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2635000
- Grade
- 6.04
- Grade Unit
- g/t
- Contained Metal
- 512000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Location
- CRS
- NAD 83, Zone 18N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: Lower-confidence deposit potential rather than new resource growth.
Positive factors
- 512,000 disclosed ounces at 6.04 g/t.
Negative factors
- Inferred category; overlaps open-pit and underground rows.
Evidence · table
“6.04”
Context: 2,635,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2253000Grade: 1.81Grade Unit: g/tContained Metal: 131000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:121742369781ba23cf68
- Deposit or zone
- Percival
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2253000
- Grade
- 1.81
- Grade Unit
- g/t
- Contained Metal
- 131000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: An early-stage satellite resource.
Positive factors
- 1.81 g/t resource within the stated open-pit scope.
Negative factors
- Entirely Inferred and relatively small.
Evidence · table
“1.81”
Context: 2,253,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 557000Grade: 4.47Grade Unit: g/tContained Metal: 80000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:c2ac381c22a9a84f118c
- Deposit or zone
- Percival
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 557000
- Grade
- 4.47
- Grade Unit
- g/t
- Contained Metal
- 80000
- Contained Unit
- oz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2024-05-10
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: Limited underground scale and geological certainty.
Positive factors
- 4.47 g/t underground resource grade.
Negative factors
- Only 80,000 ounces and Inferred confidence.
Evidence · table
“4.47”
Context: 557,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredEau Claire · goldTonnes: 2810000Grade: 2.34Grade Unit: g/tContained Metal: 211000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2024-05-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:8f2bb327681ac62250d9
- Deposit or zone
- Percival
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2810000
- Grade
- 2.34
- Grade Unit
- g/t
- Contained Metal
- 211000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2024-05-10
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-14T00:00:00.000Z
Reasoning: A geological baseline requiring further definition.
Positive factors
- 211,000 ounces in the disclosed satellite-deposit total.
Negative factors
- Entirely Inferred; total overlaps mining-method rows.
Evidence · table
“2.34”
Context: 2,810,000
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
measuredEau Claire · goldTonnes: 900000Grade: 6.63Grade Unit: g/tContained Metal: 193000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b72150152502530a8b5d
Resource Data
- Category
- measured
- Tonnes
- 900000
- Grade
- 6.63
- Grade Unit
- g/t
- Contained Metal
- 193000
- Contained Unit
- oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-08-30T00:00:00.000Z
Reasoning: Historical comparison data, not a current addition.
Positive factors
- Measured classification.
Negative factors
- Superseded estimate; tonnage is approximate.
Evidence · text
“0.9 Mt of Measured Mineral Resources grading 6.63 g/t Au containing 193,000 ounces gold”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.2 years before this release
indicatedEau Claire · goldTonnes: 3390000Grade: 6.06Grade Unit: g/tContained Metal: 660000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:9ff191f014665bd4f291
Resource Data
- Category
- indicated
- Tonnes
- 3390000
- Grade
- 6.06
- Grade Unit
- g/t
- Contained Metal
- 660000
- Contained Unit
- oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-08-30T00:00:00.000Z
Reasoning: A historical comparison estimate.
Positive factors
- 660,000 Indicated ounces.
Negative factors
- Superseded resource vintage.
Evidence · text
“Indicated Mineral Resources of 3.39 Mt grading 6.06 g/t Au containing 660,000 ounces gold”
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.2 years before this release
inferredEau Claire · goldTonnes: 2380000Grade: 6.53Grade Unit: g/tContained Metal: 500000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:50d31db4e12dba74184f
Resource Data
- Category
- inferred
- Tonnes
- 2380000
- Grade
- 6.53
- Grade Unit
- g/t
- Contained Metal
- 500000
- Contained Unit
- oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-08-30T00:00:00.000Z
Reasoning: Historical geological inventory with no incremental novelty.
Positive factors
- Disclosed high-grade resource potential.
Negative factors
- Inferred classification and superseded estimate.
Evidence · text
“2.38 Mt of inferred Mineral Resources at an average grade of 6.53 g/t Au containing 500,000 ounces gold”
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
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.2 years before this release
measuredEau Claire · goldTonnes: 549000Grade: 4.83Grade Unit: g/tContained Metal: 85Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:8ede2b0bfe11c97d52b4
Resource Data
- Category
- measured
- Tonnes
- 549000
- Grade
- 4.83
- Grade Unit
- g/t
- Contained Metal
- 85
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: Study-specific diluted resource scope must remain distinct from the undiluted estimate.
Positive factors
- Measured material in the potentially mineable PEA resource.
Negative factors
- Diluted study inventory, not a reserve or independent MRE.
Evidence · table
“4.83”
Context: 549k
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
indicatedEau Claire · goldTonnes: 2711000Grade: 5.11Grade Unit: g/tContained Metal: 446Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:ff285cd10927621a6531
Resource Data
- Category
- indicated
- Tonnes
- 2711000
- Grade
- 5.11
- Grade Unit
- g/t
- Contained Metal
- 446
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: A material study input with preliminary economic status.
Positive factors
- 446,000 ounces of Indicated material in the PEA inventory.
Negative factors
- Diluted conceptual mine-plan inventory, not reserves.
Evidence · table
“5.11”
Context: 2,711k
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
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
indicatedEau Claire · goldTonnes: 3260000Grade: 5.06Grade Unit: g/tContained Metal: 531Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:71eed17173582011dcc3
Resource Data
- Category
- indicated
- Tonnes
- 3260000
- Grade
- 5.06
- Grade Unit
- g/t
- Contained Metal
- 531
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: A diluted study total rather than additional resources.
Positive factors
- 531,000 ounces in the printed underground Measured and Indicated study total.
Negative factors
- Overlaps component rows; not a reserve.
Evidence · table
“5.06”
Context: 3,260k
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
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
inferredEau Claire · goldTonnes: 1143000Grade: 5.68Grade Unit: g/tContained Metal: 209Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:474f37e8061efb9c416d
Resource Data
- Category
- inferred
- Tonnes
- 1143000
- Grade
- 5.68
- Grade Unit
- g/t
- Contained Metal
- 209
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: Potential mine-plan material with lower geological confidence.
Positive factors
- 209,000 ounces of underground study inventory.
Negative factors
- Inferred material introduces uncertainty to preliminary economics.
Evidence · table
“5.68”
Context: 1,143k
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
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
measuredEau Claire · goldTonnes: 1292000Grade: 2.55Grade Unit: g/tContained Metal: 106Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:aaa42a2f9c91e8ba5ff9
Resource Data
- Category
- measured
- Tonnes
- 1292000
- Grade
- 2.55
- Grade Unit
- g/t
- Contained Metal
- 106
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: Relatively well-defined material within a preliminary mine plan.
Positive factors
- Measured in-pit material at 2.55 g/t diluted grade.
Negative factors
- Conceptual study inventory, not reserves.
Evidence · table
“2.55”
Context: 1,292k
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut Off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
indicatedEau Claire · goldTonnes: 423000Grade: 2.4Grade Unit: g/tContained Metal: 33Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:62f63a44f62e75c751cd
Resource Data
- Category
- indicated
- Tonnes
- 423000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 33
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: A modest contribution to preliminary mine-plan inventory.
Positive factors
- Indicated in-pit material at 2.40 g/t diluted grade.
Negative factors
- Small study component without reserve status.
Evidence · table
“2.40”
Context: 423k
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
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
indicatedEau Claire · goldTonnes: 1715000Grade: 2.51Grade Unit: g/tContained Metal: 139Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:dc9352501289b195b531
Resource Data
- Category
- indicated
- Tonnes
- 1715000
- Grade
- 2.51
- Grade Unit
- g/t
- Contained Metal
- 139
- Contained Unit
- koz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: The printed in-pit higher-confidence total is a PEA input.
Positive factors
- 139,000 ounces in the in-pit Measured and Indicated study total.
Negative factors
- Overlaps component rows; diluted study scope.
Evidence · table
“2.51”
Context: 1,715k
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
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
inferredEau Claire · goldTonnes: 12000Grade: 1.59Grade Unit: g/tContained Metal: 597Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eau Claire
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:5f66e99a2e047801d77a
Resource Data
- Category
- inferred
- Tonnes
- 12000
- Grade
- 1.59
- Grade Unit
- g/t
- Contained Metal
- 597
- Contained Unit
- oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-09-02T00:00:00.000Z
Reasoning: Negligible standalone scale in the conceptual mine plan.
Positive factors
- Explicitly quantified study component.
Negative factors
- Very small and Inferred.
Evidence · table
“1.59”
Context: 12k
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
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
indicatedCommittee Bay · goldTonnes: 1760000Grade: 7.72Grade Unit: g/tContained Metal: 437000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:7ab022914f17497ff453
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1760000
- Grade
- 7.72
- Grade Unit
- g/t
- Contained Metal
- 437000
- Contained Unit
- oz
- Cutoff Grade
- 3
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: Strong resource grade with historical rather than current novelty.
Positive factors
- High-grade Indicated open-pit resource with cut-off disclosed.
Negative factors
- Restated 2023 estimate; remote development setting.
Evidence · table
“7.72”
Context: 1,760
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
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
indicatedCommittee Bay · goldTonnes: 310000Grade: 8.57Grade Unit: g/tContained Metal: 86000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b057f343593d1a09eefe
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 8.57
- Grade Unit
- g/t
- Contained Metal
- 86000
- Contained Unit
- oz
- Cutoff Grade
- 4
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: Strong underground grade in a modest resource component.
Positive factors
- 8.57 g/t Indicated underground resource.
Negative factors
- Small contained scale and historical estimate.
Evidence · table
“8.57”
Context: 310
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
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
indicatedCommittee Bay · goldTonnes: 2070000Grade: 7.85Grade Unit: g/tContained Metal: 524000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:05ed3c1d6abddcd61d21
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2070000
- Grade
- 7.85
- Grade Unit
- g/t
- Contained Metal
- 524000
- Contained Unit
- oz
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: A meaningful high-grade classified resource total.
Positive factors
- 524,000 ounces in the printed Indicated total.
Negative factors
- Overlaps mining-method components; no reserve status.
Evidence · table
“7.85”
Context: 2,070
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
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
inferredCommittee Bay · goldTonnes: 590000Grade: 7.57Grade Unit: g/tContained Metal: 144000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:52853366d95a14ec84c3
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 590000
- Grade
- 7.57
- Grade Unit
- g/t
- Contained Metal
- 144000
- Contained Unit
- oz
- Cutoff Grade
- 3
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: Attractive grade with speculative resource confidence.
Positive factors
- High stated open-pit gold grade.
Negative factors
- Inferred category limits geological confidence.
Evidence · table
“7.57”
Context: 590
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
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
inferredCommittee Bay · goldTonnes: 2340000Grade: 7.65Grade Unit: g/tContained Metal: 576000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:b1c6e793ddd4b415ca46
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2340000
- Grade
- 7.65
- Grade Unit
- g/t
- Contained Metal
- 576000
- Contained Unit
- oz
- Cutoff Grade
- 4
- Cutoff Unit
- g/t Au
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: Material geological potential without corresponding reserve confidence.
Positive factors
- 576,000 ounces at high underground resource grade.
Negative factors
- Inferred resources require further definition.
Evidence · table
“7.65”
Context: 2,340
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
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
inferredCommittee Bay · goldTonnes: 2930000Grade: 7.64Grade Unit: g/tContained Metal: 720000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Committee Bay
- Commodity
- gold
- Region
- canada_nu
- Reported Region
- Nunavut, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:8042b004aeb962f3af09
- Deposit or zone
- Three Bluffs
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2930000
- Grade
- 7.64
- Grade Unit
- g/t
- Contained Metal
- 720000
- Contained Unit
- oz
Location
- CRS
- NAD 83, Zone 15N
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Reasoning: A substantial speculative resource component, not new ounces.
Positive factors
- 720,000 ounces in the disclosed Inferred total.
Negative factors
- Lower-confidence inventory; overlaps component rows.
Evidence · table
“7.64”
Context: 2,930
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
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
inferredSakami · goldTonnes: 23887000Grade: 1.07Grade Unit: g/tContained Metal: 825000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Sakami
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Effective date
- 2025-11-11T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:bd39679b572f25746106
- Deposit or zone
- La Pointe Extension
Resource Data
- Category
- inferred
- Tonnes
- 23887000
- Grade
- 1.07
- Grade Unit
- g/t
- Contained Metal
- 825000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-11-11
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-12-08T00:00:00.000Z
Reasoning: Meaningful early-stage open-pit resource scale, restated from December 2025.
Positive factors
- 825,000 ounces establish a maiden resource baseline.
Negative factors
- Entirely Inferred; cut-off is not available in the supplied resource text.
Evidence · table
“1.07”
Context: 23,887,000
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
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
inferredCombined Mineral Resource Estimate for the Eau Claire · goldTonnes: 23887000Grade: 1.07Grade Unit: g/tView all detailsHide details
Identity
- Project
- Combined Mineral Resource Estimate for the Eau Claire
- Commodity
- gold
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7b5b6c24f23b2472e986
Resource Data
- Category
- inferred
- Tonnes
- 23887000
- Grade
- 1.07
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.07”
Context: 23,887,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPercival · goldTonnes: 2253000Grade: 1.81Grade Unit: g/tView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Resource group id
- resource:2a1d325a3b2ab9ba5f64
Resource Data
- Category
- inferred
- Tonnes
- 2253000
- Grade
- 1.81
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.81”
Context: 2,253,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPercival · goldTonnes: 557000Grade: 4.47Grade Unit: g/tView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Resource group id
- resource:9b88dbc33eb998b3a172
Resource Data
- Category
- inferred
- Tonnes
- 557000
- Grade
- 4.47
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.47”
Context: 557,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredPercival · goldTonnes: 2810000Grade: 2.34Grade Unit: g/tView all detailsHide details
Identity
- Project
- Percival
- Commodity
- gold
- Ticker
- FURY
Resource scope
- Estimate type
- resource
- Resource group id
- resource:41d05654b3ca1c017cd5
Resource Data
- Category
- inferred
- Tonnes
- 2810000
- Grade
- 2.34
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.34”
Context: 2,810,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (1)
Heavy Liquid SeparationElmer East · lithiumRecovery: 62.2 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Elmer East
- Commodity
- lithium
- Region
- canada_qc
- Reported Region
- Quebec, Canada
- Ticker
- FURY
Test Work
- Program Status
- preliminary
- Test Type
- Heavy Liquid Separation
- Processing Route
- Heavy Liquid Separation
- Sample
- Single composite sample from the Ninaaskumuwin spodumene-bearing pegmatite
Recovery
- Recovery
- 62.2 %
- Recovery Basis
- to_concentrate
- Conc. Grade
- 5.59
- Conc. Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-07-22T00:00:00.000Z
Reasoning: A potentially useful concentrate grade, offset by modest recovery and limited test representativeness; flotation recovery thresholds are not directly applicable to heavy liquid separation.
Positive factors
- A 5.59% Li2O concentrate was produced; spodumene was the sole identified lithium-bearing mineral.
Negative factors
- 62.2% recovery leaves substantial lithium outside the concentrate.
- Preliminary testing on one composite does not establish variability or commercial performance.
Evidence · text
“Heavy Liquid Separation resulting in recovery of 62.2% Lithium and a concentrate grade of 5.59% Li2O”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 62.2% is below the weak band (65%)
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.