# Five Uncounted Zones Could Lift ValOre's 2.2-Million-Ounce Estimate Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--ec0206fe-34ae-437d-b074-5c150b1cc8c6 Original source: https://www.cruxinvestor.com/posts/five-uncounted-zones-could-lift-valores-2-2-million-ounce-estimate Publisher: cruxinvestor Original announcement: 2026-09-18T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ValOre Metals Corp. - Ticker: VO - Exchange: Unavailable - Region: Ceará State, Brazil - Primary commodity: Platinum - Secondary commodities: Palladium, Gold - Document categories: Resource update, Economic study - Extracted: 2026-09-19 00:03:15 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary ValOre Metals Corp. is preparing a resource update for its Pedra Branca project in Brazil, expected in Q3 2026, which will incorporate 6,000m of drilling from 2023. The current 2022 inferred resource of 2.2 Moz \(platinum, palladium, and gold\) in 63.3 Mt @ 1.08 g/t is expected to be revised upward. A Preliminary Economic Assessment \(PEA\) is targeted for Q4 2026. Reasoning: The document discusses an upcoming resource update and PEA for the Pedra Branca project, highlighting the potential for significant tonnage/ounce growth by including 2023 drilling results. - Positive factor: Upcoming resource update scheduled for Q3 2026 to include 2023 drilling - Positive factor: High grade \(1.08 g/t\) relative to North American peers - Positive factor: PEA targeted for Q4 2026 - Negative factor: Current resource estimate is based on 2022 data \(stale\) - Negative factor: Current resource is entirely Inferred \(lowest confidence\) Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The 2022 estimate is explicitly described as an inferred resource. Evidence · text > it gives the project an inferred resource of 2.2 million ounces **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: A resource update is scheduled for Q3 2026. Evidence · text > ValOre has scheduled a Pedra Branca resource update for the third quarter of 2026 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The current resource estimate dates from March 2022. Evidence · text > The figure the market works from at Pedra Branca is more than four years old. It was released in 2022 with an effective date of March 8, 2022 ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--ec0206fe-34ae-437d-b074-5c150b1cc8c6#fact-resource-facts-0) Pedra Branca · platinum Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: platinum - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Effective date: 2022-03-08T00:00:00.000Z - Resource group id: resource:c65d55ac3c357fcf7010 #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category Evidence · text > it gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--ec0206fe-34ae-437d-b074-5c150b1cc8c6#fact-resource-facts-1) Pedra Branca · palladium Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: palladium - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Effective date: 2022-03-08T00:00:00.000Z - Resource group id: resource:c65d55ac3c357fcf7010 #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category Evidence · text > it gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/five-uncounted-zones-could-lift-valore-s-2-2-million-ounce-estimate--ec0206fe-34ae-437d-b074-5c150b1cc8c6#fact-resource-facts-2) Pedra Branca · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: gold - Region: brazil - Reported Region: Ceará State, Brazil - Ticker: VO #### Resource scope - Estimate type: resource - Effective date: 2022-03-08T00:00:00.000Z - Resource group id: resource:c65d55ac3c357fcf7010 #### Resource Data - Category: inferred - Tonnes: 63300000 - Grade: 1.08 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-03-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical inferred resource component of the 2022 estimate. - Negative factor: Inferred category Evidence · text > it gives the project an inferred resource of 2.2 million ounces of platinum, palladium, and gold in 63.3 million metric tons grading 1.08 grams per metric ton. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.5 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.