# KARNALYTE RESOURCES INC. UNVEILS RESULTS OF UPDATED FEASIBILITY STUDY FOR FLAGSHIP WYNYARD PROJECT, SHOWCASING 70-YEAR POTASH MINE LIFE, POSITIVE ECONOMICS, AND MARKET GROWTH

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6

Original source: https://money.tmx.com/en/quote/KRN/news/6130171223822426/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi

Publisher: tmx

Original announcement: 2025-11-26T23:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: KARNALYTE RESOURCES INC.

- Ticker: KRN

- Exchange: TSX

- Region: Saskatchewan

- Primary commodity: Potash

- Secondary commodities: Hydromagnesite, Magnesium chloride

- Document categories: Resource update, Metallurgy

- Extracted: 2026-09-16 07:06:37 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Karnalyte Resources Inc. announced the results of an updated Feasibility Study for its Wynyard Project in Saskatchewan, confirming a 70-year potash mine life and positive economics. The study projects an after-tax NPV of $2.04 billion and an IRR of 12.5%, supported by substantial Measured, Indicated, and Inferred mineral resources and Proven and Probable mineral reserves. The project also plans to produce hydromagnesite and benefits from a secured potash offtake agreement, positioning it for long-term stable returns.

Reasoning: The updated Feasibility Study confirms robust economics, a very long mine life, and a substantial resource/reserve base for the Wynyard Project, significantly de-risking the project and providing a strong foundation for long-term returns, despite high initial capital and some identified risks.

- Positive factor: Long mine life \(70 years\)

- Positive factor: Strong after-tax NPV \($2.04 billion\) and IRR \(12.5%\)

- Positive factor: Secured potash offtake agreement

- Positive factor: Substantial Measured, Indicated, and Inferred mineral resources

- Positive factor: Significant Proven and Probable mineral reserves

- Positive factor: Production of valuable secondary products \(hydromagnesite, magnesium chloride\)

- Positive factor: NI 43-101 compliant Feasibility Study by reputable consultants

- Negative factor: High estimated initial capital cost \($4.19 billion\)

- Negative factor: Hydromagnesite processing plant design based on bench-scale testing \(risk\)

- Negative factor: Potential market impact from new potash supply

- Negative factor: Risk of new royalty framework for magnesium

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 25

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 25. Some facts used in scoring do not have a stored record.

## Resource Estimates (24)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-0)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:3d26c969d8f58575efa2
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: measured
- Tonnes: 1162400000
- Grade: 12
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Measured resource of 1.16 billion tonnes at 12.0% K2O provides a high-confidence foundation for the project's long mine life.

- Positive factor: Large tonnage in Measured category

- Positive factor: Good K2O grade for potash deposit

Evidence · table

> 12.0

Context: 1,162.4

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-1)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:3d26c969d8f58575efa2
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: measured
- Tonnes: 1162400000
- Grade: 47.9
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Measured resource contains a significant amount of carnallite, which is a primary source for potash and magnesium products.

- Positive factor: High carnallite grade in Measured category

- Positive factor: Large tonnage

Evidence · table

> 47.9

Context: 1,162.4

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-2)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:3d26c969d8f58575efa2
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: measured
- Tonnes: 1162400000
- Grade: 6.1
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Measured resource includes sylvite, contributing to the overall potash content and providing flexibility in processing.

- Positive factor: Presence of sylvite as a potash source

Evidence · table

> 6.1

Context: 1,162.4

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-3)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:3d26c969d8f58575efa2
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: measured
- Tonnes: 1162400000
- Grade: 6.9
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Measured resource contains a substantial amount of magnesium oxide, which is critical for the planned hydromagnesite and other magnesium product streams.

- Positive factor: Significant MgO content supports byproduct production

- Positive factor: Large tonnage

Evidence · table

> 6.9

Context: 1,162.4

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-4)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:2cb0bede7cbdc38b9e9e
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1789900000
- Grade: 11.7
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Indicated resource of 1.79 billion tonnes at 11.7% K2O significantly adds to the project's overall confidence and mine life potential.

- Positive factor: Very large tonnage in Indicated category

- Positive factor: Good K2O grade

Evidence · table

> 11.7

Context: 1,789.9

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-5)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:2cb0bede7cbdc38b9e9e
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1789900000
- Grade: 50
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Indicated resource shows a high carnallite grade over a very large tonnage, reinforcing the project's primary mineral source.

- Positive factor: High carnallite grade in Indicated category

- Positive factor: Very large tonnage

Evidence · table

> 50.0

Context: 1,789.9

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-6)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:2cb0bede7cbdc38b9e9e
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1789900000
- Grade: 5.1
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Indicated resource includes sylvite, contributing to the overall potash potential and resource confidence.

- Positive factor: Presence of sylvite in Indicated category

Evidence · table

> 5.1

Context: 1,789.9

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-7)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:2cb0bede7cbdc38b9e9e
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1789900000
- Grade: 7.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Indicated resource contains a substantial amount of magnesium oxide, supporting the project's byproduct strategy.

- Positive factor: Significant MgO content in Indicated category

- Positive factor: Very large tonnage

Evidence · table

> 7.2

Context: 1,789.9

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-8)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:8c705a989436be96ef46
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: inferred
- Tonnes: 3902100000
- Grade: 12.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Inferred resource of 3.9 billion tonnes at 12.2% K2O represents significant future potential for resource expansion and mine life extension.

- Positive factor: Extremely large tonnage in Inferred category

- Positive factor: Good K2O grade

- Negative factor: Lower confidence category

Evidence · table

> 12.2

Context: 3,902.1

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-9)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:8c705a989436be96ef46
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: inferred
- Tonnes: 3902100000
- Grade: 45.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Inferred resource shows a high carnallite grade over an extremely large tonnage, indicating substantial long-term potential.

- Positive factor: High carnallite grade in Inferred category

- Positive factor: Extremely large tonnage

- Negative factor: Lower confidence category

Evidence · table

> 45.2

Context: 3,902.1

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-10)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:8c705a989436be96ef46
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: inferred
- Tonnes: 3902100000
- Grade: 7.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Inferred resource includes sylvite, adding to the overall potash potential for future conversion.

- Positive factor: Presence of sylvite in Inferred category

- Negative factor: Lower confidence category

Evidence · table

> 7.2

Context: 3,902.1

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-11)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: resource
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:8c705a989436be96ef46
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: inferred
- Tonnes: 3902100000
- Grade: 6.6
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Inferred resource contains a substantial amount of magnesium oxide, providing long-term potential for magnesium byproduct production.

- Positive factor: Significant MgO content in Inferred category

- Positive factor: Extremely large tonnage

- Negative factor: Lower confidence category

Evidence · table

> 6.6

Context: 3,902.1

#### 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-12)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a23ef5391008200e812b
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: proven
- Tonnes: 313200000
- Grade: 12.7
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Proven Reserve of 313.2 million tonnes at 12.7% K2O provides a high-confidence, economically viable foundation for initial mine planning and production.

- Positive factor: High confidence Proven Reserve category

- Positive factor: Good K2O grade

- Positive factor: Substantial tonnage

Evidence · table

> 12.7

Context: 313.2

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-13)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a23ef5391008200e812b
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: proven
- Tonnes: 313200000
- Grade: 51.5
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Proven Reserve contains a high grade of carnallite, confirming a robust primary mineral source for the project.

- Positive factor: High carnallite grade in Proven Reserve

- Positive factor: Substantial tonnage

Evidence · table

> 51.5

Context: 313.2

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-14)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a23ef5391008200e812b
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: proven
- Tonnes: 313200000
- Grade: 6.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Proven Reserve includes sylvite, contributing to the overall potash content and economic viability.

- Positive factor: Presence of sylvite in Proven Reserve

Evidence · table

> 6.2

Context: 313.2

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-15)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a23ef5391008200e812b
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: proven
- Tonnes: 313200000
- Grade: 7.5
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Proven Reserve contains a substantial amount of magnesium oxide, confirming economic viability for byproduct production.

- Positive factor: Significant MgO content in Proven Reserve

- Positive factor: Substantial tonnage

Evidence · table

> 7.5

Context: 313.2

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-16)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a8e74fbe3726f2de067d
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 463800000
- Grade: 12.3
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Probable Reserve of 463.8 million tonnes at 12.3% K2O significantly adds to the project's economically viable inventory.

- Positive factor: Large tonnage in Probable Reserve category

- Positive factor: Good K2O grade

Evidence · table

> 12.3

Context: 463.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-17)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a8e74fbe3726f2de067d
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 463800000
- Grade: 55.4
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Probable Reserve shows a high carnallite grade over a large tonnage, further de-risking the primary mineral supply.

- Positive factor: High carnallite grade in Probable Reserve

- Positive factor: Large tonnage

Evidence · table

> 55.4

Context: 463.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-18)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a8e74fbe3726f2de067d
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 463800000
- Grade: 4.6
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Probable Reserve includes sylvite, contributing to the overall potash content and economic viability.

- Positive factor: Presence of sylvite in Probable Reserve

Evidence · table

> 4.6

Context: 463.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-19)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:a8e74fbe3726f2de067d
- Deposit or zone: Sub-total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 463800000
- Grade: 8
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The Probable Reserve contains a substantial amount of magnesium oxide, further supporting the economic viability of byproduct production.

- Positive factor: Significant MgO content in Probable Reserve

- Positive factor: Large tonnage

Evidence · table

> 8.0

Context: 463.8

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-20)

Wynyard Project · potassium oxide

#### Identity

- Project: Wynyard Project
- Commodity: potassium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:03993d0b124999bbbcd6
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 777100000
- Grade: 12.4
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The total Proven and Probable Reserve of 777.1 million tonnes at 12.4% K2O provides a robust and economically viable foundation for the entire 70-year mine life.

- Positive factor: Very large total Proven and Probable Reserve

- Positive factor: Good K2O grade

- Positive factor: High confidence for project development

Evidence · table

> 12.4

Context: 777.1

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-21)

Wynyard Project · carnallite

#### Identity

- Project: Wynyard Project
- Commodity: carnallite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:03993d0b124999bbbcd6
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 777100000
- Grade: 53.8
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The total Proven and Probable Reserve shows a high carnallite grade over a very large tonnage, ensuring a long-term primary mineral supply.

- Positive factor: High carnallite grade in total Proven and Probable Reserve

- Positive factor: Very large tonnage

Evidence · table

> 53.8

Context: 777.1

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-22)

Wynyard Project · sylvite

#### Identity

- Project: Wynyard Project
- Commodity: sylvite
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:03993d0b124999bbbcd6
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 777100000
- Grade: 5.2
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The total Proven and Probable Reserve includes sylvite, contributing to the overall potash content and economic viability.

- Positive factor: Presence of sylvite in total Proven and Probable Reserve

Evidence · table

> 5.2

Context: 777.1

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

### probable

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-resource-facts-23)

Wynyard Project · magnesium oxide

#### Identity

- Project: Wynyard Project
- Commodity: magnesium oxide
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Resource scope

- Estimate type: reserve
- Effective date: 2025-11-26T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Tabetha Stirrett, Sebastiaan van der Klauw, David Mitchell, David Myers, Kyle Krushelniski
- Resource group id: resource:03993d0b124999bbbcd6
- Deposit or zone: Total
- Mining method: underground

#### Resource Data

- Category: probable
- Tonnes: 777100000
- Grade: 7.8
- Grade Unit: %
- Cutoff Grade: 55
- Cutoff Unit: %

#### Prior Estimate

- Resource Date: 2025-11-26

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The total Proven and Probable Reserve contains a substantial amount of magnesium oxide, ensuring long-term economic viability for byproduct production.

- Positive factor: Significant MgO content in total Proven and Probable Reserve

- Positive factor: Very large tonnage

Evidence · table

> 7.8

Context: 777.1

#### Tags used in scoring

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is 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

**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

## Metallurgical Results (1)

### pilot solution mining testing

[Link to this fact](https://atlas-extractions.minestarters.com/news/karnalyte-resources-inc-unveils-results-of-updated-feasibility-study-for-flagshi--701d0a11-0d3c-4b20-8a65-a8c4aa8b37e6#fact-metallurgical-facts-24)

Wynyard Project · potash

#### Identity

- Project: Wynyard Project
- Commodity: potash
- Region: canada\_sk
- Reported Region: Saskatchewan
- Ticker: KRN

#### Test Work

- Program Status: detailed
- Test Type: pilot solution mining testing
- Processing Route: evaporation, NaCl and KCl crystallization, and drying and compacting

#### Recovery

- Recovery: 90 %
- Recovery Basis: actual\_test
- Conc. Grade: 97
- Conc. Grade Unit: % KCl

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-11-26T00:00:00.000Z

Reasoning: The metallurgical test work confirms a high recovery of 90% for a 97% pure KCl product, indicating a robust and efficient processing route for potash.

- Positive factor: High recovery percentage \(90%\) for potash

- Positive factor: High purity product \(97% KCl\)

- Positive factor: Recovery confirmed by combined testing and design criteria

Evidence · text

> produce a 97% pure KCl product at 90% recovery

#### Tags used in scoring

**Pilot Scale Complete**

Polarity: positive

Definition: Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test\_type names pilot-scale work

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

## 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.