# FLORIDA CANYON FEASIBILITY STUDY DELIVERS SUBSTANTIAL INCREASE IN MINERAL RESERVE, GOLD PRODUCTION OVER AN 8-YEAR MINE LIFE AND US$0.8 BILLION IN AFTER-TAX FREE CASH FLOW; PROVIDES OPERATIONAL UPDATE Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32 Original source: https://money.tmx.com/en/quote/ITR/news/4919580160965891/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv Publisher: tmx Original announcement: 2026-06-25T10:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Integra Resources Corp. - Ticker: ITR - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update, Production, Metallurgy - Extracted: 2026-09-14 06:34:01 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Integra Resources announced the results of an updated Feasibility Study for its Florida Canyon Mine in Nevada, projecting an 8-year mine life with an average annual gold production of 82 koz and $0.8 billion in after-tax free cash flow. The study reports a 74% increase in Proven and Probable Mineral Reserves to 1.19 Moz gold and an after-tax NPV \(5%\) of $601 million. The updated plan outlines a path to lower long-term costs and higher production, despite a short-term increase in 2026 AISC guidance due to increased mining rates and investments. Reasoning: The updated Feasibility Study for the Florida Canyon Mine delivers significantly improved project economics, substantially increases gold reserves and production, and extends the mine life, positioning the asset as a strong cash flow generator for Integra Resources. - Positive factor: Substantial increase in Proven and Probable Mineral Reserves \(74% to 1.19 Moz Au\) - Positive factor: Increased annual gold production \(17% to 82 Koz Au average\) - Positive factor: Extended mine life \(8 years active mining + 2 years residual leaching\) - Positive factor: Robust project economics with $601 M after-tax NPV \(5%\) and $0.8 B after-tax free cash flow - Positive factor: Lower Life-of-Mine All-in Sustaining Costs \($2,331/oz Au\) - Positive factor: Comprehensive Feasibility Study de-risks the project - Negative factor: Revised 2026 AISC guidance is higher \($3,300-$3,500/oz\) due to short-term investments and inflationary pressures Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 19 ## Classification and evidence **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 3 distinct composites were tested ## Extracted facts Stored fact records: 19. Some facts used in scoring do not have a stored record. ## Resource Estimates (16) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-0) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane - Resource group id: resource:ef70c8813fdb7859a9a3 - Deposit or zone: Oxide #### Resource Data - Category: indicated - Tonnes: 171842000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1706 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Indicated Oxide resource for Florida Canyon contributes to the overall updated Mineral Resource Estimate, providing a solid base for future mine planning. - Positive factor: Significant Indicated Oxide resource - Positive factor: Part of an updated Feasibility Study Evidence · table > 171,842 Context: 171,842 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-1) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane - Resource group id: resource:41cad65b2c91f0e01b4c - Deposit or zone: Oxide #### Resource Data - Category: inferred - Tonnes: 53312000 - Grade: 0.25 - Grade Unit: g/t - Contained Metal: 433 - Contained Unit: koz - Cutoff Grade: 0.13 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Inferred Oxide resource provides additional potential for the Florida Canyon Mine, though its lower confidence category requires further drilling for upgrade. - Positive factor: Adds to the overall resource base - Positive factor: Part of an updated Feasibility Study - Negative factor: Inferred category has lower confidence Evidence · table > 53,312 Context: 53,312 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-2) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane - Resource group id: resource:e2142aade403368035d2 - Deposit or zone: Sulphide #### Resource Data - Category: inferred - Tonnes: 104004000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 2876 - Contained Unit: koz - Cutoff Grade: 0.46 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This large Inferred Sulphide resource at Florida Canyon represents significant future potential due to its higher grade and contained gold, but requires further work to upgrade confidence and assess processing. - Positive factor: Significant Inferred Sulphide resource with higher grade - Positive factor: Adds substantial contained gold to the resource base - Negative factor: Inferred category has lower confidence - Negative factor: Sulphide material may have different processing requirements Evidence · table > 104,004 Context: 104,004 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-3) Standard Mine · gold #### Identity - Project: Standard Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Antoine Teixeira de Carvalho - Resource group id: resource:de232dcc985ff537b40b - Deposit or zone: Oxide #### Resource Data - Category: inferred - Tonnes: 8532000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 135 - Contained Unit: koz - Cutoff Grade: 0.0038 - Cutoff Unit: oz/ton #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This Inferred Oxide resource at Standard Mine provides additional exploration upside for the broader project, though it is early stage and smaller in scale. - Positive factor: Adds to the overall resource base for the project - Negative factor: Inferred category has lower confidence - Negative factor: Smaller scale compared to Florida Canyon Evidence · table > 8,532 Context: 8,532 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-4) Standard Mine · gold #### Identity - Project: Standard Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Mr. Antoine Teixeira de Carvalho - Resource group id: resource:dd977a0578bbe3bcddee - Deposit or zone: Sulphide #### Resource Data - Category: inferred - Tonnes: 30000 - Grade: 1.47 - Grade Unit: g/t - Contained Metal: 1 - Contained Unit: koz - Cutoff Grade: 0.0133 - Cutoff Unit: oz/ton #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This very small Inferred Sulphide resource at Standard Mine, while high-grade, is currently immaterial due to its limited tonnage. - Positive factor: High grade for a sulphide resource - Negative factor: Very small tonnage - Negative factor: Inferred category has lower confidence Evidence · table > 30 Context: 30 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-5) TOTAL · gold #### Identity - Project: TOTAL - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane, Mr. Antoine Teixeira de Carvalho - Resource group id: resource:146d2f615701beeac857 - Deposit or zone: Mixed #### Resource Data - Category: indicated - Tonnes: 171842000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1706 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Indicated resource provides a high-confidence portion of the overall resource base, supporting the project's economic viability. - Positive factor: Significant total Indicated resource - Positive factor: Provides a strong foundation for the project Evidence · table > 171,842 Context: 171,842 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-6) TOTAL · gold #### Identity - Project: TOTAL - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane, Mr. Antoine Teixeira de Carvalho - Resource group id: resource:b95fa5cacbb0f8a7372e - Deposit or zone: Mixed #### Resource Data - Category: inferred - Tonnes: 165879000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 3446 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-05-31 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Inferred resource adds significant scale and future potential to the project, with a higher average grade, but requires further drilling to improve confidence. - Positive factor: Large total Inferred resource with substantial contained gold - Positive factor: Provides significant future growth potential - Negative factor: Inferred category has lower confidence Evidence · table > 165,879 Context: 165,879 #### 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 **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-7) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane - Resource group id: resource:4fcf209d56f401bff785 - Deposit or zone: Oxide #### Resource Data - Category: probable - Tonnes: 118471000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1191 - Contained Unit: koz - Cutoff Grade: 0.14 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 - Prior Contained Metal: 685 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: This large Probable Reserve for Florida Canyon represents a significant increase in economic inventory, underpinning the extended mine life and robust project economics presented in the Feasibility Study. - Positive factor: Substantial Probable Reserve for a producing mine - Positive factor: Significant increase in contained gold \(74% from prior estimate\) - Positive factor: Supports an 8-year mine life - Positive factor: Part of a Feasibility Study Evidence · table > 118,471 Context: 118,471 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1191 against 685 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-8) TOTAL · gold #### Identity - Project: TOTAL - Commodity: gold - Ticker: ITR #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Ms. Terre Lane - Resource group id: resource:9c6c2d03bb5efcb923ea - Deposit or zone: Oxide #### Resource Data - Category: probable - Tonnes: 118471000 - Grade: 0.31 - Grade Unit: g/t - Contained Metal: 1191 - Contained Unit: koz - Cutoff Grade: 0.14 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-05-31 - Prior Contained Metal: 685 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total Probable Reserve confirms a substantial and economically viable gold inventory, significantly enhancing the project's long-term production profile and value. - Positive factor: Substantial total Probable Reserve - Positive factor: Significant increase in contained gold \(74% from prior estimate\) - Positive factor: Supports an 8-year mine life - Positive factor: Part of a Feasibility Study Evidence · table > 118,471 Context: 118,471 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1191 against 685 previously ### Fact 10 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-12) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The 8-year mine life provides a stable and extended production horizon for the Florida Canyon Mine, contributing significantly to its overall value proposition. - Positive factor: Extended mine life provides long-term production - Positive factor: Part of a Feasibility Study Evidence · text > 8-year operating mine life #### Tags used in scoring **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 ### Fact 11 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-13) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The Life-of-Mine gold sold figure represents the total expected gold production, directly impacting the project's revenue and overall economic attractiveness. - Positive factor: Significant total gold production over the mine life - Positive factor: Supports strong revenue generation - Positive factor: Part of a Feasibility Study Evidence · table > 685 Context: 685 #### Tags used in scoring **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 ### Fact 12 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-14) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The average annual gold sold figure indicates a strong and consistent production profile, which is crucial for predictable cash flow generation from the mine. - Positive factor: Increased average annual production profile - Positive factor: Supports consistent cash flow generation - Positive factor: Part of a Feasibility Study Evidence · table > 81.8 Context: 81.8 #### Tags used in scoring **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 ### Fact 13 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-15) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The Life-of-Mine All-in Sustaining Costs are a key metric for project profitability, indicating the overall cost efficiency of gold production at Florida Canyon. - Positive factor: Competitive All-in Sustaining Costs for a heap leach operation - Positive factor: Indicates strong operational efficiency and profitability - Positive factor: Part of a Feasibility Study Evidence · table > $2,331 Context: $2,331 #### Tags used in scoring **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 ### Fact 14 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-16) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The Life-of-Mine cash costs are a fundamental measure of operational efficiency, showing the direct costs associated with producing gold at Florida Canyon. - Positive factor: Competitive cash costs for a heap leach operation - Positive factor: Indicates strong operational efficiency - Positive factor: Part of a Feasibility Study Evidence · table > $1,940 Context: $1,940 #### Tags used in scoring **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 ### Fact 15 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-17) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The total net free cash flow is a critical indicator of the project's financial strength and its ability to generate significant returns for shareholders over its life. - Positive factor: Substantial total net free cash flow - Positive factor: Indicates strong profitability and ability to fund future growth - Positive factor: Part of a Feasibility Study Evidence · table > $769.5 Context: $769.5 #### Tags used in scoring **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 ### Fact 16 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-resource-facts-18) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Resource scope - Resource group id: resource:001e42c9875346ed03e8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The after-tax net present value is a key financial metric confirming the strong economic viability and attractiveness of the Florida Canyon project. - Positive factor: Strong after-tax NPV \(5%\) indicates robust project economics - Positive factor: Confirms the project's value and profitability - Positive factor: Part of a Feasibility Study Evidence · table > $600.6 Context: $600.6 #### Tags used in scoring **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 ## Metallurgical Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-metallurgical-facts-9) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Test Work - Processing Route: heap leach - Sample: ROM material #### Recovery - Recovery: 44.8 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The ROM gold recovery is a key input to the project's overall metallurgical performance, contributing to the economic model despite being lower than crushed ore recovery. - Positive factor: Recovery contributes to overall project economics - Positive factor: Part of a Feasibility Study - Negative factor: Lower recovery compared to crushed material Evidence · table > 44.8 % Context: 44.8 % #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 44.8% is below the weak band \(45%\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-metallurgical-facts-10) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Test Work - Processing Route: heap leach - Sample: Crushed material #### Recovery - Recovery: 63.3 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The gold recovery for crushed material is strong for a heap leach operation, significantly enhancing the project's overall gold recovery and economic viability. - Positive factor: Good recovery for crushed heap leach material - Positive factor: Higher recovery than ROM material - Positive factor: Part of a Feasibility Study Evidence · table > 63.3 % Context: 63.3 % #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/florida-canyon-feasibility-study-delivers-substantial-increase-in-mineral-reserv--67a6fdc6-4a06-4dd0-86c4-9debd147eb32#fact-metallurgical-facts-11) Florida Canyon Mine · gold #### Identity - Project: Florida Canyon Mine - Commodity: gold - Ticker: ITR #### Test Work - Processing Route: heap leach - Sample: LOM Average #### Recovery - Recovery: 56.7 % - Recovery Basis: actual\_test #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-25T00:00:00.000Z Reasoning: The Life-of-Mine average gold recovery is a critical factor in the project's economic assessment, demonstrating a viable recovery rate for the heap leach operation. - Positive factor: Solid LOM average recovery for a heap leach operation - Positive factor: Supports robust project economics - Positive factor: Part of a Feasibility Study Evidence · table > 56.7 % Context: 56.7 % #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ## 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.