# Lara Reports Maiden Copper-Gold Resource for the Planalto Project, Brazil

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82

Original source: https://money.tmx.com/en/quote/LRA/news/4874543189071791/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil

Publisher: tmx

Original announcement: 2024-10-09T13:41:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Lara Exploration Ltd.

- Ticker: LRA

- Exchange: TSX

- Region: Brazil

- Primary commodity: Copper

- Secondary commodities: Gold

- Document categories: Resource update

- Extracted: 2026-09-12 11:49:10 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Lara Exploration has reported its maiden Mineral Resource Estimate for the Planalto Copper-Gold Project in Brazil. The resource includes 47.7 Mt of Indicated and 154.0 Mt of Inferred resources at an average grade of 0.36% Cu and 0.04 g/t Au.

Reasoning: The announcement of a maiden resource for a copper-gold project in a tier-1 mining province is a major milestone for the company.

- Positive factor: Maiden resource establishment

- Positive factor: Significant tonnage and grade for the region

- Positive factor: Located in a major mining province \(Carajás\)

- Positive factor: NI 43-101 compliant

- Negative factor: High proportion of Inferred resource \(approx 77%\)

- Negative factor: Low average grades for copper

Facts used in scoring: 8

## 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: The company reports the initial resource estimate for the Planalto project.

Evidence · text

> Lara Reports Maiden Copper-Gold Resource

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The resource estimate is prepared in accordance with NI 43-101 standards.

Evidence · text

> prepared in accordance with the CIM Standards... and are reported in accordance with... NI 43-101

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: A significant portion of the resource is in the Inferred category.

Evidence · table

> 154.0

Context: Total Inferred

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Resource Estimates (8)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-0)

Planalto · copper

#### Identity

- Project: Planalto
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:992520b177d51f8b56ca
- Deposit or zone: Main Mineralization
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 47700000
- Grade: 557
- Grade Unit: mlbs
- Contained Metal: 253
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.56
- Metal Eq. Unit: % CopperEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Solid indicated resource for a maiden estimate.

- Positive factor: Indicated category provides geological confidence

Evidence · table

> 557

Context: 47.7

#### 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-1)

Planalto Project · gold

#### Identity

- Project: Planalto Project
- Commodity: gold
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:1592ce4e2e50cc957221
- Deposit or zone: Main Mineralization
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 47700000
- Grade: 0.06
- Grade Unit: g/t
- Contained Metal: 92
- Contained Unit: koz
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.56
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Gold grade is low but part of a polymetallic resource.

Evidence · table

> 0.06

Context: 47.7

#### 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

**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/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-2)

Planalto Project · copper

#### Identity

- Project: Planalto Project
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:9b496cfb3c9615a7bb1c
- Deposit or zone: Total Inferred
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 154000000
- Grade: 0.36
- Grade Unit: %
- Contained Metal: 549
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Large volume of inferred material adds scale but limits confidence.

- Positive factor: Large tonnage contribution

- Negative factor: High proportion of Inferred resource

Evidence · table

> 0.36

Context: 154.0

#### 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

**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/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-3)

Planalto Project · gold

#### Identity

- Project: Planalto Project
- Commodity: gold
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:9b496cfb3c9615a7bb1c
- Deposit or zone: Total Inferred
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 154000000
- Grade: 0.4
- Grade Unit: g/t
- Contained Metal: 223.5
- Contained Unit: koz
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: % CuEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Gold component of the inferred resource.

Evidence · table

> 0.4

Context: 154.0

#### 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

**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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-4)

Planalto · copper

#### Identity

- Project: Planalto
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:1d32b0d44551e7f5fd77
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: indicated
- Tonnes: 47700000
- Grade: 557
- Grade Unit: mlbs
- Contained Metal: 253
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.56
- Metal Eq. Unit: % CopperEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Solid indicated resource for a maiden estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category provides geological confidence

Evidence · table

> 557

Context: 47.7

#### 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

**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/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-5)

Planalto · copper

#### Identity

- Project: Planalto
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:f4f598ec1f1f779aa846
- Deposit or zone: Main Mineralization
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 77700000
- Grade: 874
- Grade Unit: mlbs
- Contained Metal: 396
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.54
- Metal Eq. Unit: % CopperEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Large volume of inferred material adds scale but limits confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage contribution

- Negative factor: High proportion of Inferred resource

Evidence · table

> 874

Context: 77.7

#### 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

**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/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-6)

Planalto · copper

#### Identity

- Project: Planalto
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:a788d14ba7c06b40a0b7
- Deposit or zone: Host Rock Mineralization
- Mining method: open\_pit
- Material type: fresh
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 76300000
- Grade: 336
- Grade Unit: mlbs
- Contained Metal: 153
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.22
- Metal Eq. Unit: % CopperEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Large volume of inferred material adds scale but limits confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage contribution

- Negative factor: High proportion of Inferred resource

Evidence · table

> 336

Context: 76.3

#### 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

**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/lara-reports-maiden-copper-gold-resource-for-the-planalto-project-brazil--77ebd640-7878-43d3-b2f7-88e1b85a4a82#fact-resource-facts-7)

Planalto · copper

#### Identity

- Project: Planalto
- Commodity: copper
- Region: brazil
- Reported Region: Brazil
- Ticker: LRA

#### Resource scope

- Estimate type: resource
- Effective date: 2024-07-03T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Leonardo de Moraes Soares, Michael Bennell
- Resource group id: resource:c5c95352763e89f1c2bd
- Mining method: open\_pit
- Ownership percent: 100 %
- Resource basis: gross

#### Resource Data

- Category: inferred
- Tonnes: 154000000
- Grade: 1210
- Grade Unit: mlbs
- Contained Metal: 549
- Contained Unit: kt
- Cutoff Grade: 0.16
- Cutoff Unit: % CuEq

#### Prior Estimate

- Resource Date: 2024-07-03

#### Metal Equivalent

- Metal Eq. Grade: 0.38
- Metal Eq. Unit: % CopperEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-09T00:00:00.000Z

Reasoning: Large volume of inferred material adds scale but limits confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Large tonnage contribution

- Negative factor: High proportion of Inferred resource

Evidence · table

> 1210

Context: 154.0

#### 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

**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

## 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.