Fortuna expands Indicated Mineral Resource by 73% to 1.25 million gold ounces, Diamba Sud Project, Senegal

Original announcement by tmx on

Company
Fortuna Mining Corp.
Ticker
FVI
Exchange
TSX
Region
Senegal
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update
Extracted
2026-09-12 04:21:05 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Fortuna Mining Corp. has updated the Diamba Sud Gold Project Mineral Resource estimate, expanding Indicated resources by 73% to 1.25 million ounces. The update is driven by infill and expansion drilling, with 94% of the total gold ounces now classified as Indicated.

Reasoning: The update shows substantial growth in Indicated gold ounces and a high confidence category mix, advancing the project toward a feasibility study.

Positive factors

  • Significant tonnage and ounce growth (73% increase in Indicated)
  • High proportion of Indicated resource (94%)
  • First-time Indicated resource at Southern Arc
  • Infill drilling successfully upgraded categories

Negative factors

  • Resource is still in the Inferred category for some zones

Facts used in scoring: 30

Classification and evidence

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: Infill drilling successfully upgraded Inferred to Indicated Mineral Resource category at several deposits.

Evidence · text

“Infill drilling successfully upgraded Inferred to Indicated Mineral Resource category”

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: Eric Chapman, P. Geo., is the Qualified Person responsible for the Mineral Resources.

Evidence · text

“Eric Chapman, P. Geo. (EGBC #36328), is the Qualified Person responsible for Mineral Resources”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: Mineral Resources are reported using the 2014 CIM Definition Standards and NI 43-101.

Evidence · text

“Mineral Resources are reported using the 2014 CIM Definition Standards.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The release discloses specific cut-off grades for oxide/transitional and fresh material across different deposits.

Evidence · text

“incremental gold cutoff grade for oxide/transitional material of 0.26 g/t Au”

Extracted facts

Stored fact records: 30. Some facts used in scoring do not have a stored record.

Resource Estimates (30)

indicatedDiamba Sud Gold Project · goldTonnes: 5037000Grade: 1.39Grade Unit: g/tContained Metal: 225Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:f498f5eee1cff22711e1
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
5037000
Grade
1.39
Grade Unit
g/t
Contained Metal
225
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component.

Evidence · table

“1.39”

Context: 5,037

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 5952000Grade: 1.52Grade Unit: g/tContained Metal: 292Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:4666b5ddca9c8b90d7ae
Deposit or zone
Area D

Resource Data

Category
indicated
Tonnes
5952000
Grade
1.52
Grade Unit
g/t
Contained Metal
292
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component.

Evidence · table

“1.52”

Context: 5,952

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 5993000Grade: 1.91Grade Unit: g/tContained Metal: 367000Contained Unit: ozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:577af2d028fad0b480d1
Deposit or zone
Southern Arc

Resource Data

Category
indicated
Tonnes
5993000
Grade
1.91
Grade Unit
g/t
Contained Metal
367000
Contained Unit
oz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: High grade and first-time indicated classification for this zone.

Positive factors

  • First time estimation of Indicated Mineral Resources at Southern Arc

Evidence · table

“1.91”

Context: 5,993

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 3296000Grade: 1.7Grade Unit: g/tContained Metal: 180Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:9c0256acabc3c1ad33ae
Deposit or zone
Karakara

Resource Data

Category
indicated
Tonnes
3296000
Grade
1.7
Grade Unit
g/t
Contained Metal
180
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component.

Evidence · table

“1.70”

Context: 3,296

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 2345000Grade: 1.27Grade Unit: g/tContained Metal: 96Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:c8a15a86a06a4b2f78a4
Deposit or zone
Western Splay

Resource Data

Category
indicated
Tonnes
2345000
Grade
1.27
Grade Unit
g/t
Contained Metal
96
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component.

Evidence · table

“1.27”

Context: 2,345

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 1697000Grade: 0.78Grade Unit: g/tContained Metal: 43Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:af0c8dd520f0ab92f5c8
Deposit or zone
Kassassoko

Resource Data

Category
indicated
Tonnes
1697000
Grade
0.78
Grade Unit
g/t
Contained Metal
43
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Lower grade indicated component.

Evidence · table

“0.78”

Context: 1,697

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 1707000Grade: 0.93Grade Unit: g/tContained Metal: 51Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:f8ff98235a6d9315ce0c
Deposit or zone
Moungoundi

Resource Data

Category
indicated
Tonnes
1707000
Grade
0.93
Grade Unit
g/t
Contained Metal
51
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Lower grade indicated component.

Evidence · table

“0.93”

Context: 1,707

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 207000Grade: 1.24Grade Unit: g/tContained Metal: 8Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:d7bc5548a28284e87abe
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
207000
Grade
1.24
Grade Unit
g/t
Contained Metal
8
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.24”

Context: 207

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 329000Grade: 0.86Grade Unit: g/tContained Metal: 9Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:cff436df435962207fe1
Deposit or zone
Area D

Resource Data

Category
inferred
Tonnes
329000
Grade
0.86
Grade Unit
g/t
Contained Metal
9
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.86”

Context: 329

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 841000Grade: 1.28Grade Unit: g/tContained Metal: 34Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:ea27fbef4120cea175a2
Deposit or zone
Southern Arc

Resource Data

Category
inferred
Tonnes
841000
Grade
1.28
Grade Unit
g/t
Contained Metal
34
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.28”

Context: 841

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 31000Grade: 1.3Grade Unit: g/tContained Metal: 1Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:ae3e2fb2e460410294e6
Deposit or zone
Karakara

Resource Data

Category
inferred
Tonnes
31000
Grade
1.3
Grade Unit
g/t
Contained Metal
1
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.30”

Context: 31

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 262000Grade: 1.42Grade Unit: g/tContained Metal: 12Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:78b0c02c6d446557512b
Deposit or zone
Western Splay

Resource Data

Category
inferred
Tonnes
262000
Grade
1.42
Grade Unit
g/t
Contained Metal
12
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.42”

Context: 262

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 182000Grade: 0.74Grade Unit: g/tContained Metal: 4Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:5db0e89276f1078e5eda
Deposit or zone
Kassassoko

Resource Data

Category
inferred
Tonnes
182000
Grade
0.74
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.74”

Context: 182

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 253000Grade: 0.89Grade Unit: g/tContained Metal: 7Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:99c44efd5bbc81ee3fbd
Deposit or zone
Moungoundi

Resource Data

Category
inferred
Tonnes
253000
Grade
0.89
Grade Unit
g/t
Contained Metal
7
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource.

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.89”

Context: 253

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

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 5037Grade: 1.39Grade Unit: g/tContained Metal: 225Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:8a4142b953a794d1dbb0
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
5037
Grade
1.39
Grade Unit
g/t
Contained Metal
225
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.39”

Context: 5,037

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 5952Grade: 1.52Grade Unit: g/tContained Metal: 292Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:b78100156978163d450a
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
5952
Grade
1.52
Grade Unit
g/t
Contained Metal
292
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.52”

Context: 5,952

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 5993Grade: 1.91Grade Unit: g/tContained Metal: 367Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:5b35a7fb2509ee779334
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
5993
Grade
1.91
Grade Unit
g/t
Contained Metal
367
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.91”

Context: 5,993

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 3296Grade: 1.7Grade Unit: g/tContained Metal: 180Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:dec46cd56c5320ebbd6e
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
3296
Grade
1.7
Grade Unit
g/t
Contained Metal
180
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.70”

Context: 3,296

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 2345Grade: 1.27Grade Unit: g/tContained Metal: 96Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:7d5c836e1fef71fc5cea
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
2345
Grade
1.27
Grade Unit
g/t
Contained Metal
96
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.27”

Context: 2,345

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 1697Grade: 0.78Grade Unit: g/tContained Metal: 43Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:9ae62cb69559b9e15777
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
1697
Grade
0.78
Grade Unit
g/t
Contained Metal
43
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.78”

Context: 1,697

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 1707Grade: 0.93Grade Unit: g/tContained Metal: 51Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:ea92244e4f49dbfd82ad
Deposit or zone
Area A

Resource Data

Category
indicated
Tonnes
1707
Grade
0.93
Grade Unit
g/t
Contained Metal
51
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.93”

Context: 1,707

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

DFS-Supportingneutral

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

indicatedDiamba Sud Gold Project · goldTonnes: 26027Grade: 1.5Grade Unit: g/tContained Metal: 1254Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:d51a9559bae94ced212e

Resource Data

Category
indicated
Tonnes
26027
Grade
1.5
Grade Unit
g/t
Contained Metal
1254
Contained Unit
koz
Cutoff Grade
0.26
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Standard indicated resource component. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“1.50”

Context: 26,027

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 207Grade: 1.24Grade Unit: g/tContained Metal: 8Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:9214298af122a3332504
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
207
Grade
1.24
Grade Unit
g/t
Contained Metal
8
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.24”

Context: 207

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 329Grade: 0.86Grade Unit: g/tContained Metal: 9Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:3dcc15be0081fa12e1c4
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
329
Grade
0.86
Grade Unit
g/t
Contained Metal
9
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.86”

Context: 329

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 841Grade: 1.28Grade Unit: g/tContained Metal: 34Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:d63a6227d717f769bdcd
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
841
Grade
1.28
Grade Unit
g/t
Contained Metal
34
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.28”

Context: 841

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 31Grade: 1.3Grade Unit: g/tContained Metal: 1Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:a3051be60af9131f7283
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
31
Grade
1.3
Grade Unit
g/t
Contained Metal
1
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.30”

Context: 31

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 262Grade: 1.42Grade Unit: g/tContained Metal: 12Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:4c011be7d87762aaaa15
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
262
Grade
1.42
Grade Unit
g/t
Contained Metal
12
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.42”

Context: 262

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 182Grade: 0.74Grade Unit: g/tContained Metal: 4Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:82f7daf305f854f68b91
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
182
Grade
0.74
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.74”

Context: 182

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 253Grade: 0.89Grade Unit: g/tContained Metal: 7Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:e72ed228e2f399a433ee
Deposit or zone
Area A

Resource Data

Category
inferred
Tonnes
253
Grade
0.89
Grade Unit
g/t
Contained Metal
7
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“0.89”

Context: 253

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

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

DFS-Supportingneutral

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

inferredDiamba Sud Gold Project · goldTonnes: 2105Grade: 1.13Grade Unit: g/tContained Metal: 77Contained Unit: kozView all details
Link to this fact

Identity

Project
Diamba Sud Gold Project
Commodity
gold
Region
senegal
Reported Region
Senegal
Ticker
FVI

Resource scope

Estimate type
resource
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Eric Chapman
Resource group id
resource:3c130907e61f5398d54b

Resource Data

Category
inferred
Tonnes
2105
Grade
1.13
Grade Unit
g/t
Contained Metal
77
Contained Unit
koz

Prior Estimate

Resource Date
2026-01-16

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-19T00:00:00.000Z

Reasoning: Speculative inferred resource. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Inferred category limits economic confidence

Evidence · table

“1.13”

Context: 2,105

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

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

DFS-Supportingneutral

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

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.