# Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/kenorland-minerals-reports-maiden-inferred-resource-of-14-5-mt-at-5-47-g-t-au-fo--372d6276-c535-4bd3-9742-15cf9866878a Original source: https://money.tmx.com/en/quote/KLD/news/5796321105055471/kenorland-minerals-reports-maiden-inferred-resource-of-14-5-mt-at-5-47-g-t-au-fo Publisher: tmx Original announcement: 2025-12-16T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Kenorland Minerals Ltd. - Ticker: KLD - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update - Extracted: 2026-09-16 07:05:15 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Kenorland Minerals has announced a maiden Inferred Mineral Resource for the Regnault gold deposit at the Frotet Project in Quebec, totaling 14.5 Mt at 5.47 g/t Au \(2.55 Moz Au\). The company holds a 4% NSR royalty on the project, which is operated by Sumitomo Metal Mining Canada. Reasoning: The announcement of a maiden multi-million ounce gold resource is highly material for a royalty holder, though the low confidence \(Inferred only\) and the presence of a crown pillar are limiting factors. - Positive factor: Maiden resource establishes a multi-million ounce gold deposit - Positive factor: High average grade of 5.47 g/t Au - Positive factor: Significant upside potential noted with high-grade intercepts outside the current resource footprint - Positive factor: Low discovery cost of $20 per ounce - Negative factor: 100% of the resource is in the Inferred category, representing high geological risk - Negative factor: Resource is constrained by a 100m crown pillar Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 2 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: This is the first formal MRE for the Regnault gold deposit. Evidence · text > maiden Inferred Mineral Resource of 14.5 Mt **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: 100% of the reported resource is in the Inferred category. Evidence · text > maiden Inferred Mineral Resource of 14.5 Mt **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: Marie-Christine Gosselin and Cédric Mayer are named as Qualified Persons. Evidence · text > prepared by Marie-Christine Gosselin, P.Geo., géo., a Qualified Person **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate was completed in accordance with NI 43-101. Evidence · text > in accordance with ... Canadian National Instrument 43-101 \("NI 43-101"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kenorland-minerals-reports-maiden-inferred-resource-of-14-5-mt-at-5-47-g-t-au-fo--372d6276-c535-4bd3-9742-15cf9866878a#fact-resource-facts-0) Frotet Project · gold #### Identity - Project: Frotet Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: KLD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Marie-Christine Gosselin, Cédric Mayer - Resource group id: resource:694a8084f6fb48d1b8ae - Deposit or zone: Regnault gold deposit - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 14500000 - Grade: 2.55 - Grade Unit: moz - Contained Metal: 2.55 - Contained Unit: moz - Cutoff Grade: 2.15 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Maiden resource with strong grade but high geological uncertainty. - Positive factor: High grade for an inferred resource - Negative factor: Inferred category only Evidence · table > 2.55 Context: 14.5 #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/kenorland-minerals-reports-maiden-inferred-resource-of-14-5-mt-at-5-47-g-t-au-fo--372d6276-c535-4bd3-9742-15cf9866878a#fact-resource-facts-1) Frotet Project · silver #### Identity - Project: Frotet Project - Commodity: silver - Region: canada\_qc - Reported Region: Quebec - Ticker: KLD #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Marie-Christine Gosselin, Cédric Mayer - Resource group id: resource:694a8084f6fb48d1b8ae - Deposit or zone: Regnault gold deposit - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 14500000 - Grade: 2.41 - Grade Unit: moz - Contained Metal: 2.41 - Contained Unit: moz - Cutoff Grade: 2.15 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-16T00:00:00.000Z Reasoning: Secondary metal reported as part of the maiden resource. Evidence · table > 2.41 Context: 14.5 #### 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 ## 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.