# FREEMAN GOLD COMMENCES WATER AND AIR RESOURCE STUDIES AT THE LEMHI GOLD PROJECT Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/freeman-gold-commences-water-and-air-resource-studies-at-the-lemhi-gold-project--3b12e9bf-4905-490a-b959-014a5cba5e57 Original source: https://money.tmx.com/en/quote/FMAN/news/6288703826226299/freeman-gold-commences-water-and-air-resource-studies-at-the-lemhi-gold-project Publisher: tmx Original announcement: 2026-08-27T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Freeman Gold Corp. - Ticker: FMAN - Exchange: TSX - Region: Idaho - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Permitting, Economic study - Extracted: 2026-09-17 22:23:36 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Freeman Gold Corp. has commenced baseline environmental studies for water and air quality at its 100%-owned Lemhi Gold Project in Idaho to support future permitting. The company also reiterated key economics from its 2026 Feasibility Study, including a post-tax NPV\(5%\) of US$696 million and a 34.4% IRR. Reasoning: The announcement focuses on advancing the permitting phase through environmental studies, which is a standard but necessary de-risking step for a development-stage project. The document also restates existing feasibility study metrics. - Positive factor: Commencement of critical environmental baseline studies to support permitting - Positive factor: Reiteration of strong feasibility study economics \(34.4% IRR, $696M NPV\) - Positive factor: Established 100% ownership of the Lemhi Gold Project Facts used in scoring: 4 ## Classification and evidence **Permitting Milestone** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Company has initiated baseline environmental characterization for water and air quality to support permitting. Evidence · text > initiated initial baseline environmental characterization programs for water and air quality resources to support state and federal permitting **DFS Bankable** Polarity: positive Definition: AACE Class 2-1 study complete and within the staleness window. Why it applies: The document references a 2026 Feasibility Study with specific economic parameters. Evidence · text > supported by a 2026 Feasibility Study confirming a Proven and Probable Mineral Reserve ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-gold-commences-water-and-air-resource-studies-at-the-lemhi-gold-project--3b12e9bf-4905-490a-b959-014a5cba5e57#fact-resource-facts-1) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:a9f8bd9db0224db00a95 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 39954000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 974000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-27T00:00:00.000Z Reasoning: Restatement of existing resource figures from the 2026 Feasibility Study. - Positive factor: Significant Indicated resource reported Evidence · text > an Indicated Mineral Resource of 39.954 million tonnes at 0.76 g/t Au for 974,000 oz of gold #### 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 **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 QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-gold-commences-water-and-air-resource-studies-at-the-lemhi-gold-project--3b12e9bf-4905-490a-b959-014a5cba5e57#fact-resource-facts-2) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:2c2227da4a7e274cc020 - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 10683000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 240000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-27T00:00:00.000Z Reasoning: Restatement of existing resource figures. Evidence · text > an Inferred Mineral Resource of 10.683 million tonnes at 0.70 g/t Au for 240,000 oz 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 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 **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 QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-gold-commences-water-and-air-resource-studies-at-the-lemhi-gold-project--3b12e9bf-4905-490a-b959-014a5cba5e57#fact-resource-facts-3) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9d595b1c22b8c0e58f6c - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 8356000 - Grade: 0.92 - Grade Unit: g/t - Contained Metal: 247000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-08-27T00:00:00.000Z Reasoning: Restatement of existing resource figures. Evidence · text > 8.356 million tonnes at 0.92 g/t Au for 247,000 ounces \(oz\) of gold #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.