# FREEMAN'S 2025 PHASE 4 METALLURGICAL TESTWORK REPORTS >95% EXTRACTION AND CONFIRMS SIMPLE, LOW-RISK PROCESSING FOR LEMHI Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/freeman-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms--e917d7be-f654-417d-93d9-22e101e18fab Original source: https://money.tmx.com/en/quote/FMAN/news/4523227704169290/freeman-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms Publisher: tmx Original announcement: 2025-12-09T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Freeman Gold Corp. - Ticker: FMAN - Exchange: TSX - Region: Idaho, USA - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Metallurgy - Extracted: 2026-09-17 23:02:34 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Freeman Gold Corp. has completed its 2025 Phase 4 metallurgical testwork for the Lemhi Gold Project, reporting high average gold leach extraction of 95.4%. The results confirm a simple, conventional CIL processing flowsheet with fast leach kinetics and soft ore characteristics. Reasoning: The metallurgical testwork confirms high recoveries and a low-risk, conventional processing route, significantly de-risking the project's technical profile. - Positive factor: High gold leach extraction \(95.4% average\) - Positive factor: Simple, conventional CIL flowsheet - Positive factor: Soft ore characteristics \(low abrasion index\) - Positive factor: Fast leach kinetics \(<24 hours\) Facts used in scoring: 4 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Gold leach extraction averaged 95.4%, which is in the exceptional band for CIL. Evidence · text > averaging 95.4% **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The CEO explicitly describes the project as a high-quality, free-milling gold project. Evidence · text > high-quality, free-milling gold project **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The flowsheet is based on a 120 µm P80 primary grind and standard CIL cyanidation. Evidence · text > based on 120 µm P 80 primary grind and standard CIL cyanidation **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: The technical content was reviewed and approved by Dean Besserer, P. Geo., a Qualified Person. Evidence · text > reviewed and approved by Dean Besserer , P. Geo., VP Exploration of the Company and a Qualified Person **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 4. 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-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms--e917d7be-f654-417d-93d9-22e101e18fab#fact-resource-facts-1) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:42ef54ada18c0eaa0241 - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 25500000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 819300 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-09T00:00:00.000Z Reasoning: Standard resource disclosure component. Evidence · text > 25.5 million tonnes \(168,800 oz\) & 25.5 million tonnes Indicated \(819,300 oz\) #### 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 **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/freeman-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms--e917d7be-f654-417d-93d9-22e101e18fab#fact-resource-facts-2) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:bc5bce1153ebdcaaf002 - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 4700000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 168800 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-09T00:00:00.000Z Reasoning: Standard resource disclosure component. Evidence · text > 4.7 million tonnes Measured \(168,800 oz\) #### 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 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms--e917d7be-f654-417d-93d9-22e101e18fab#fact-resource-facts-3) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e62e382c71bd5a49c28b - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7630000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 256000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-09T00:00:00.000Z Reasoning: Standard resource disclosure component. Evidence · text > 256,000 oz Au at 1.04 g/t Au in 7.63 million tonnes \(Inferred\) #### 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 **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 ## Metallurgical Results (1) ### bottle roll [Link to this fact](https://atlas-extractions.minestarters.com/news/freeman-s-2025-phase-4-metallurgical-testwork-reports-95-extraction-and-confirms--e917d7be-f654-417d-93d9-22e101e18fab#fact-metallurgical-facts-0) Lemhi Gold Project · gold #### Identity - Project: Lemhi Gold Project - Commodity: gold - Region: usa\_id - Reported Region: Idaho, USA - Ticker: FMAN #### Test Work - Program Status: detailed - Test Type: bottle roll - Processing Route: 120 µm P 80 primary grind, standard CIL cyanidation - Sample: 2025 variability and composite samples - Grind P80: 120 µm - Leach Time: 24 hours #### Recovery - Recovery: 95.4 % - Recovery Basis: actual\_test #### Reagents - Cyanide: 1.28 kg/t - Lime: 1.01 kg/t #### Lab - Laboratory: Base Met Labs - Consultant: Ausenco Engineering Canada ULC #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-09T00:00:00.000Z Reasoning: Exceptional recovery results for a conventional CIL route. - Positive factor: High average recovery - Positive factor: Fast kinetics - Positive factor: Moderate reagent use Evidence · text > Gold leach extraction of 91.2% to 97.4% - averaging 95.4% across 2025 variability and composite samples #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the mill\_cil signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 95.4% is at or above the exceptional band \(95%\) ## 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.