# FOKUS PUBLISHES VERY POSITIVE GOLD PRICE SENSITIVITY RESULTS ON ITS INITIAL RESOURCE ESTIMATE FOR THE GALLOWAY GOLD PROJECT Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--1fa53146-cd92-40d3-a58a-81450aff8b1c Original source: https://money.tmx.com/en/quote/FKM/news/5692307207739598/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso Publisher: tmx Original announcement: 2024-07-04T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Fokus Mining Corporation - Ticker: FKM - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 06:04:05 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Fokus Mining Corporation has released gold price sensitivity results for its Galloway gold project in Quebec. The analysis shows that at a gold price of US$2,300/oz, the inferred resource expands to 2.71 million ounces, compared to 1.4 million ounces at US$1,750/oz. Reasoning: The sensitivity analysis demonstrates significant resource expansion potential at higher gold prices, effectively de-risking the project's economics under current market conditions. - Positive factor: Significant resource leverage to gold price - Positive factor: Inferred resource increases from 1.4 Moz to 2.71 Moz at US$2,300/oz - Positive factor: NI 43-101 compliant - Positive factor: QP sign-off provided - Negative factor: Sensitivity analysis does not assess open pit potential Facts used in scoring: 3 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated as NI 43-101 compliant. Evidence · text > initial NI 43-101 Mineral Resource estimate **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The reported resource is in the inferred category. Evidence · text > inferred resources would be estimated at 2.71 million ounces **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: Gilles Laverdière, a Qualified Person, has reviewed and approved the disclosure. Evidence · text > reviewed and approved by Gilles Laverdière, P. Geo. ## 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/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--1fa53146-cd92-40d3-a58a-81450aff8b1c#fact-resource-facts-0) Galloway gold project · gold #### Identity - Project: Galloway gold project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: FKM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gilles Laverdière - Resource group id: resource:c4edbdea0a2f92bc3823 - Mining method: open\_pit - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Contained Metal: 2.71 - Contained Unit: moz - Cutoff Grade: 0.7 - Cutoff Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Significant expansion of inferred resource scale at higher gold price levels. - Positive factor: High resource leverage to gold price Evidence · text > inferred resources would be estimated at 2.71 million ounces of gold #### 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/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--1fa53146-cd92-40d3-a58a-81450aff8b1c#fact-resource-facts-1) Galloway gold project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Galloway gold project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: FKM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gilles Laverdière - Resource group id: resource:fc3788c784076d4fec93 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Contained Metal: 1.4 - Contained Unit: moz - Cutoff Grade: 0.9 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2023-03-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-03-23T00:00:00.000Z #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Baseline historical resource for comparison. Evidence · text > inferred resources were estimated at 1.4 million ounces of gold with a cut-off at 0.9g/tonne #### 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/fokus-publishes-very-positive-gold-price-sensitivity-results-on-its-initial-reso--1fa53146-cd92-40d3-a58a-81450aff8b1c#fact-resource-facts-2) Galloway gold project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Galloway gold project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: FKM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Gilles Laverdière - Resource group id: resource:fc3788c784076d4fec93 - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Contained Metal: 1.419 - Contained Unit: moz #### Prior Estimate - Resource Date: 2023-03-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-03-23T00:00:00.000Z #### Dates - Event date: 2024-07-04T00:00:00.000Z Reasoning: Historical resource baseline mentioned in company context. Evidence · text > inferred resource of 1.419 million ounces of gold at a price of US$1,750 per ounce #### 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 ## 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.