# Iconic Completes Updated 43-101 Technical Reports on Smith Creek and Grass Valley Lithium Brine Projects Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d Original source: https://money.tmx.com/en/quote/ICM/news/7563777568328901/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle Publisher: tmx Original announcement: 2024-01-17T16:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Iconic Minerals Ltd. - Ticker: ICM - Exchange: TSX - Region: Nevada - Primary commodity: Lithium - Secondary commodities: Boron - Document categories: Resource update, Other, Drill results - Extracted: 2026-09-12 07:36:13 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Iconic Minerals has completed updated NI 43-101 technical reports for its Smith Creek and Grass Valley lithium brine projects in Nevada. The reports include geophysical survey results indicating potential brine horizons, though drilling has not yet intercepted these deeper zones. Reasoning: The announcement is primarily a corporate update regarding the completion of technical reports. While it mentions upcoming resource estimates and geophysical targets, it does not provide new assay results or a new resource estimate in this document. - Positive factor: completion of updated NI 43-101 technical reports - Positive factor: anomalous lithium surface sampling at both projects - Positive factor: geophysical MT survey identifying low resistivity zones - Negative factor: drilling to date has not reached interpreted brine zones - Negative factor: one drill hole terminated prematurely due to weather/ground conditions Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release names a Qualified Professional \(R. A. Lunceford\) and a Qualified Person \(Richard Kern\) who reviewed the technical information. Evidence · text > written by R. A. Lunceford, MSc., CPG, a Qualified Professional ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Great Basin drill test [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d#fact-drill-facts-2) Historical result Needs review: ungrounded #### Identity - Hole ID: Great Basin drill test - Region: usa\_nv - Reported Region: usa\_nv - Ticker: ICM #### Geometry - Intercept: 574 m - From: 0 m - To: 574 m - Hole Depth: 574 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: Great Basin drill test:0-574 #### Location - Location: Grass Valley - Loc. Source: document #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-01-17T00:00:00.000Z Reasoning: A drill hole at Grass Valley was unable to reach its planned depth. - Negative factor: hole terminated prematurely due to weather and ground conditions Evidence · text > terminated at 1,888 ft \(574 m\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (4) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d#fact-resource-facts-0) lithium Historical result Needs review: historical\_restatement #### Identity - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Resource Data - Grade: 470 - Grade Unit: ppm #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2015-01-01T00:00:00.000Z #### Dates - Event date: 2024-01-17T00:00:00.000Z Reasoning: Historical surface sampling result mentioned in the context of the technical report. - Positive factor: strongly anomalous lithium values Evidence · text > reached 470 PPM Li #### 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 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 9.0 years before this release ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d#fact-resource-facts-1) lithium Historical result Needs review: historical\_restatement #### Identity - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Resource Data - Grade: 310 - Grade Unit: ppm #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-10-19T00:00:00.000Z #### Dates - Event date: 2024-01-17T00:00:00.000Z Reasoning: Surface sampling result mentioned in the context of the technical report. - Positive factor: significantly anomalous lithium values Evidence · text > up to 310 ppm Li #### 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 **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 ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d#fact-resource-facts-3) lithium Historical result Needs review: historical\_restatement #### Identity - Commodity: lithium - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-01-17T00:00:00.000Z Reasoning: Water samples from the terminated hole showed low concentrations. - Negative factor: lithium values were below ore grade Evidence · text > minor Li and B values #### 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 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/iconic-completes-updated-43-101-technical-reports-on-smith-creek-and-grass-valle--27d65b2f-a2bd-4068-8c65-72021a25829d#fact-resource-facts-4) boron Historical result Needs review: historical\_restatement #### Identity - Commodity: boron - Region: usa\_nv - Reported Region: Nevada - Ticker: ICM #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2024-01-17T00:00:00.000Z Reasoning: Water samples from the terminated hole showed trace boron. Evidence · text > minor ... B values #### 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 **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 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.0 years before this release ## 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.