# Fredonia Provides El Dorado Monserrat Project and Corporate Update

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca

Original source: https://money.tmx.com/en/quote/FRED/news/8677584259778244/fredonia-provides-el-dorado-monserrat-project-and-corporate-update

Publisher: tmx

Original announcement: 2026-07-07T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Fredonia Mining Inc.

- Ticker: FRED

- Exchange: TSX

- Region: Santa Cruz Province, Argentina

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update, Drill results, Economic study

- Extracted: 2026-09-17 22:34:19 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Fredonia Mining Inc. provided an update on its El Dorado Monserrat \(EDM\) Project in Argentina, noting the completion of 3,500m of drilling and the advancement of a Preliminary Economic Assessment \(PEA\) due in August 2026. The project holds a Measured and Indicated resource of approximately 2.25 Moz AuEq, and the company has expanded its land position through strategic acquisitions.

Reasoning: The company is providing a progress update on its flagship project, highlighting a substantial existing resource, ongoing drilling, and the advancement of a PEA, alongside strategic corporate strengthening.

- Positive factor: Significant gold-equivalent resource of 2.25 Moz

- Positive factor: Strategic land acquisitions expanding project footprint

- Positive factor: Appointment of highly experienced mining executive

- Positive factor: Ongoing drilling program advancing towards PEA completion

Facts used in scoring: 10

## 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 based on a NI 43-101 Technical Report dated November 14, 2024.

Evidence · text

> as defined in the Company's NI 43-101 Technical Report

**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: Mario Alfaro Cortes, a Qualified Person, reviewed and approved the technical information.

Evidence · text

> reviewed and approved by Mario Alfaro Cortes, a Qualified Person

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The current drilling campaign includes infill drilling to increase geological confidence.

Evidence · text

> including results from infill drilling designed to increase geological confidence

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The company is currently advancing a Preliminary Economic Assessment \(PEA\).

Evidence · text

> The PEA continues to advance on track for completion by the end of August 2026

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (10)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-0)

El Dorado Monserrat · gold

#### Identity

- Project: El Dorado Monserrat
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:db5d38110324e5bef66e
- Deposit or zone: North

#### Resource Data

- Category: measured
- Tonnes: 35554.4
- Grade: 0.66
- Grade Unit: g/t
- Contained Metal: 0.756
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Measured resource component of the North zone.

Evidence · table

> 0.66

Context: 35,554.4

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-1)

El Dorado Monserrat · gold

#### Identity

- Project: El Dorado Monserrat
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:73ea34b0e9af684a4924
- Deposit or zone: North

#### Resource Data

- Category: indicated
- Tonnes: 36481.3
- Grade: 0.56
- Grade Unit: g/t
- Contained Metal: 0.66
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Indicated resource component of the North zone.

Evidence · table

> 0.56

Context: 36,481.3

#### 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-2)

El Dorado Monserrat · gold

#### Identity

- Project: El Dorado Monserrat
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:9d1d1183bb8fc2b93ea0
- Deposit or zone: South

#### Resource Data

- Category: measured
- Tonnes: 1406.1
- Grade: 0.58
- Grade Unit: g/t
- Contained Metal: 0.026
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Measured resource component of the South zone.

Evidence · table

> 0.58

Context: 1,406.1

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-3)

El Dorado Monserrat · gold

#### Identity

- Project: El Dorado Monserrat
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:3a3183abb21204eb0be4
- Deposit or zone: South

#### Resource Data

- Category: indicated
- Tonnes: 7906.3
- Grade: 0.6
- Grade Unit: g/t
- Contained Metal: 0.151
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Indicated resource component of the South zone.

Evidence · table

> 0.60

Context: 7,906.3

#### 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-4)

El Dorado Monserrat · silver

#### Identity

- Project: El Dorado Monserrat
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:db5d38110324e5bef66e
- Deposit or zone: North

#### Resource Data

- Category: measured
- Tonnes: 35554.4
- Grade: 20.26
- Grade Unit: g/t
- Contained Metal: 23.159
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Silver byproduct component of North Measured resource.

Evidence · table

> 20.26

Context: 35,554.4

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-5)

El Dorado Monserrat · silver

#### Identity

- Project: El Dorado Monserrat
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:73ea34b0e9af684a4924
- Deposit or zone: North

#### Resource Data

- Category: indicated
- Tonnes: 36481.3
- Grade: 18.52
- Grade Unit: g/t
- Contained Metal: 21.721
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Silver byproduct component of North Indicated resource.

Evidence · table

> 18.52

Context: 36,481.3

#### 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-6)

El Dorado Monserrat · silver

#### Identity

- Project: El Dorado Monserrat
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:9d1d1183bb8fc2b93ea0
- Deposit or zone: South

#### Resource Data

- Category: measured
- Tonnes: 1406.1
- Grade: 12.64
- Grade Unit: g/t
- Contained Metal: 0.571
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Silver byproduct component of South Measured resource.

Evidence · table

> 12.64

Context: 1,406.1

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-7)

El Dorado Monserrat · silver

#### Identity

- Project: El Dorado Monserrat
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:3a3183abb21204eb0be4
- Deposit or zone: South

#### Resource Data

- Category: indicated
- Tonnes: 7906.3
- Grade: 14.22
- Grade Unit: g/t
- Contained Metal: 3.616
- Contained Unit: moz

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Silver byproduct component of South Indicated resource.

Evidence · table

> 14.22

Context: 7,906.3

#### 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-8)

El Dorado Monserrat · gold

#### Identity

- Project: El Dorado Monserrat
- Commodity: gold
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:17f4abbe4fa1b35283d1

#### Resource Data

- Category: indicated
- Tonnes: 81348.1
- Grade: 2.4
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Indicated resource component of the North zone. \(Expanded from multi-commodity resource table for completeness.\)

Evidence · table

> 2.4

Context: 81,348.1

#### 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

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/fredonia-provides-el-dorado-monserrat-project-and-corporate-update--75c9bed9-759f-43f0-ab63-b796d41a85ca#fact-resource-facts-9)

El Dorado Monserrat · silver

#### Identity

- Project: El Dorado Monserrat
- Commodity: silver
- Region: argentina
- Reported Region: Santa Cruz Province, Argentina
- Ticker: FRED

#### Resource scope

- Estimate type: resource
- Effective date: 2024-11-14T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Mario Alfaro Cortes, Fernando Ganem
- Resource group id: resource:17f4abbe4fa1b35283d1

#### Resource Data

- Category: indicated
- Tonnes: 81348.1
- Grade: 65.64
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-11-14

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-07-07T00:00:00.000Z

Reasoning: Indicated resource component of the North zone. \(Expanded from multi-commodity resource table for completeness.\)

Evidence · table

> 65.64

Context: 81,348.1

#### 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

**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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## 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.