First Quantum Files NI 43-101 Technical Report for La Granja
Original announcement by tmx on
- Company
- First Quantum Minerals Ltd.
- Ticker
- FM
- Exchange
- TSX
- Region
- Peru
- Primary commodity
- Copper
- Secondary commodities
- Silver, Gold, Molybdenum
- Document categories
- Resource update
- Extracted
- 2026-09-17 22:50:39 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
First Quantum Minerals has filed an updated NI 43-101 technical report for the La Granja project in Peru, featuring a massive mineral resource estimate. The update includes 4.831 billion tonnes of Measured and Indicated resources at 0.48% Cu and 5.206 billion tonnes of Inferred resources at 0.40% Cu.
Reasoning: The update provides a massive, high-confidence copper resource estimate for a Tier 1 scale project, though it remains early-stage with a significant inferred portion and metallurgical arsenic considerations.
Positive factors
- Massive scale of copper resource (over 23 Mt contained Cu in M&I)
- Improved geological confidence from targeted drilling
- Large-scale porphyry-skarn-epithermal system potential
- Open at depth with continuity demonstrated
Negative factors
- High Inferred component (approx 52% of total tonnes)
- Presence of variable arsenic content (enargite)
Facts used in scoring: 13
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The report was prepared in accordance with NI 43-101 standards.
Evidence · text
“The Report was prepared in accordance with National Instrument 43-101”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the resource is classified as Inferred.
Evidence · text
“approximately 5.206 billion tonnes of Inferred Resources”
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: Multiple Qualified Persons are named as responsible for different aspects of the report.
Evidence · text
“Mr. Gomez meets the requirements of a Qualified Person (“QP”)”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a specific 0.16% Cu cut-off grade.
Evidence · text
“reported at a 0.16% Cu cut-off grade”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated Mineral Resource estimate”
Extracted facts
Stored fact records: 13. Some facts used in scoring do not have a stored record.
Resource Estimates (13)
measuredLa Granja · copperTonnes: 1427000000Grade: 0.56Grade Unit: %Contained Metal: 8Contained Unit: mtView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:4daab6ec5217b55b6c5c
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1427000000
- Grade
- 0.56
- Grade Unit
- %
- Contained Metal
- 8
- Contained Unit
- mt
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Measured category provides high geological confidence.
Positive factors
- High grade for a large-scale porphyry
Evidence · table
“0.56”
Context: 1,427
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
measuredLa Granja · silverTonnes: 1427000000Grade: 4.26Grade Unit: g/tContained Metal: 195.4Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:4daab6ec5217b55b6c5c
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1427000000
- Grade
- 4.26
- Grade Unit
- g/t
- Contained Metal
- 195.4
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct silver grade.
Evidence · table
“4.26”
Context: 1,427
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
measuredLa Granja · goldTonnes: 1427000000Grade: 0.04Grade Unit: g/tContained Metal: 2Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:4daab6ec5217b55b6c5c
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1427000000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct gold grade.
Evidence · table
“0.04”
Context: 1,427
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
measuredLa Granja · molybdenumTonnes: 1427000000Grade: 231.8Grade Unit: mlbsContained Metal: 231.8Contained Unit: mlbsView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:4daab6ec5217b55b6c5c
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- measured
- Tonnes
- 1427000000
- Grade
- 231.8
- Grade Unit
- mlbs
- Contained Metal
- 231.8
- Contained Unit
- mlbs
- Cutoff Grade
- 0.16
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct molybdenum grade.
Evidence · table
“231.8”
Context: 1,427
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedLa Granja · copperTonnes: 3404000000Grade: 0.44Grade Unit: %Contained Metal: 15Contained Unit: mtView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:2e52fcad416a0e0751af
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 3404000000
- Grade
- 0.44
- Grade Unit
- %
- Contained Metal
- 15
- Contained Unit
- mt
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Indicated category provides reasonable geological confidence.
Evidence · table
“0.44”
Context: 3,404
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedLa Granja · silverTonnes: 3404000000Grade: 3.74Grade Unit: g/tContained Metal: 409.2Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:2e52fcad416a0e0751af
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 3404000000
- Grade
- 3.74
- Grade Unit
- g/t
- Contained Metal
- 409.2
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct silver grade.
Evidence · table
“3.74”
Context: 3,404
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedLa Granja · goldTonnes: 3404000000Grade: 0.04Grade Unit: g/tContained Metal: 4.7Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:2e52fcad416a0e0751af
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 3404000000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 4.7
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct gold grade.
Evidence · table
“0.04”
Context: 3,404
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedLa Granja · molybdenumTonnes: 3404000000Grade: 427.9Grade Unit: mlbsContained Metal: 427.9Contained Unit: mlbsView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:2e52fcad416a0e0751af
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Tonnes
- 3404000000
- Grade
- 427.9
- Grade Unit
- mlbs
- Contained Metal
- 427.9
- Contained Unit
- mlbs
- Cutoff Grade
- 0.16
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct molybdenum grade.
Evidence · table
“427.9”
Context: 3,404
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredLa Granja · copperTonnes: 5206000000Grade: 0.4Grade Unit: %Contained Metal: 20.7Contained Unit: mtView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:696652c7706bcf6d1e09
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 5206000000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 20.7
- Contained Unit
- mt
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Inferred resources are speculative and cannot support economic studies alone.
Negative factors
- Inferred category limits engineering confidence
Evidence · table
“0.40”
Context: 5,206
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredLa Granja · silverTonnes: 5206000000Grade: 3.34Grade Unit: g/tContained Metal: 558.9Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:696652c7706bcf6d1e09
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 5206000000
- Grade
- 3.34
- Grade Unit
- g/t
- Contained Metal
- 558.9
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct silver grade.
Evidence · table
“3.34”
Context: 5,206
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredLa Granja · goldTonnes: 5206000000Grade: 0.04Grade Unit: g/tContained Metal: 6.1Contained Unit: mozView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:696652c7706bcf6d1e09
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 5206000000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 6.1
- Contained Unit
- moz
- Cutoff Grade
- 0.16
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct gold grade.
Evidence · table
“0.04”
Context: 5,206
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredLa Granja · molybdenumTonnes: 5206000000Grade: 600.8Grade Unit: mlbsContained Metal: 600.8Contained Unit: mlbsView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:696652c7706bcf6d1e09
- Deposit or zone
- La Granja
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 5206000000
- Grade
- 600.8
- Grade Unit
- mlbs
- Contained Metal
- 600.8
- Contained Unit
- mlbs
- Cutoff Grade
- 0.16
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Byproduct molybdenum grade.
Evidence · table
“600.8”
Context: 5,206
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredLa Granja · molybdenumTonnes: 4831000000Grade: 659.7Grade Unit: mlbsView all detailsHide details
Identity
- Project
- La Granja
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- FM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Carmelo Gomez Dominguez, Antti Sjöblom, Robert Stone
- Resource group id
- resource:e1d5d50d11afd13a97eb
- Mining method
- open_pit
- Ownership percent
- 55 %
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Tonnes
- 4831000000
- Grade
- 659.7
- Grade Unit
- mlbs
- Cutoff Grade
- 0.16
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-11T00:00:00.000Z
Reasoning: Inferred resources are speculative and cannot support economic studies alone. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category limits engineering confidence
Evidence · table
“659.7”
Context: 4,831
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
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
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.