Magna Mining Intersects 23.2% Copper, 5.6% Nickel, 21.4 g/t Platinum + Palladium + Gold, and 225.0 g/t Silver over 2.4 metres and Provides an Update on Progress at the Levack Mine in Sudbury, Ontario

Original announcement by tmx on

Company
Magna Mining Inc.
Ticker
NICU
Exchange
TSX
Region
Ontario
Primary commodity
Copper
Secondary commodities
Nickel, Platinum, Palladium, Gold, Silver, Cobalt
Document categories
Drill results
Extracted
2026-09-14 14:55:46 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Magna Mining has reported significant high-grade copper-nickel-PGE drill results from the Levack Mine in Ontario, highlighted by an intercept of 23.2% Cu and 5.6% Ni over 2.4m. The results support the company's structural model for massive sulphide veins in the R2 Footwall Zone and coincide with ongoing underground development.

Reasoning: The release reports exceptional high-grade copper-nickel-PGE intercepts, including a 23.2% Cu and 5.6% Ni interval, which are highly material for the R2 Footwall Zone exploration.

Positive factors

  • Exceptional copper and nickel grades
  • Significant PGM and gold credits
  • Multiple high-grade intercepts in a single hole
  • Supports structural model for vein deposits

Negative factors

  • True width not explicitly stated (estimated 40-80% of downhole)

Facts used in scoring: 18

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: 23.2% Cu and 5.6% Ni significantly exceed typical deposit norms.

Evidence · text

“23.2% Cu, 5.6% Ni”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release details sample collection, transport to SGS, and use of standards and blanks.

Evidence · text

“2 QA/QC samples including, 2 certified reference material standards and 2 samples of blank material”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document states true widths are estimated to be 40-80% of downhole length.

Evidence · text

“All lengths are downhole length. True widths are highly variable and estimated to range from 40-80% of downhole length.”

Extracted facts

Stored fact records: 18. Some facts used in scoring do not have a stored record.

Drill Results (18)

MLV-26-14A W1Levack · copperGrade: 23.24Grade Unit: %Intercept: 2.41 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
copper
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
23.24
Grade Unit
%
Intercept
2.41 m
From
975.88 m
To
978.29 m
Intercept Depth
975.88 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:975.88-978.29
Mining Method
underground

Location

Location
R2 Target
Loc. Source
document

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: 23.24% Cu is an exceptional grade for a copper-nickel system.

Positive factors

  • Exceptional copper grade

Evidence · table

“23.24”

Context: 2.41

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

MLV-26-14A W1Levack · nickelGrade: 5.61Grade Unit: %Intercept: 2.41 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
nickel
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
5.61
Grade Unit
%
Intercept
2.41 m
From
975.88 m
To
978.29 m
Intercept Depth
975.88 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:975.88-978.29
Mining Method
underground

Location

Location
R2 Target
Loc. Source
document

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: 5.61% Ni is a very strong grade for this deposit type.

Positive factors

  • Strong nickel grade

Evidence · table

“5.61”

Context: 2.41

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

MLV-26-14A W1Levack · silverGrade: 224.96Grade Unit: g/tIntercept: 2.41 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
silver
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
224.96
Grade Unit
g/t
Intercept
2.41 m
From
975.88 m
To
978.29 m
Intercept Depth
975.88 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:975.88-978.29
Mining Method
underground

Location

Location
R2 Target
Loc. Source
document

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: 224.96 g/t Ag is a very high grade intercept.

Positive factors

  • Exceptional silver grade

Evidence · table

“224.96”

Context: 2.41

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

FNX6083-W5Levack · nickelGrade: 13.67Grade Unit: %Intercept: 0.4 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
nickel
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
13.67
Grade Unit
%
Intercept
0.4 m
From
1117.67 m
To
1118.07 m
Intercept Depth
1117.67 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1117.67-1118.07
Mining Method
underground

Location

Location
R2 Target
Loc. Source
document

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: 13.67% Ni is exceptional, but the 0.4m width is very narrow.

Positive factors

  • Very high nickel grade

Negative factors

  • Narrow interval

Evidence · table

“13.67”

Context: 0.40

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

MLV-26-14A W1Levack · copperGrade: 1.92Grade Unit: %Intercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
copper
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
1.92
Grade Unit
%
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 1.92 % copper is strong against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 0.9 %·m is below (grade alone is strong; the better of the two is used).

Positive factors

  • 1.92 % copper is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.92”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · nickelGrade: 1.99Grade Unit: %Intercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
nickel
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
1.99
Grade Unit
%
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 1.99 % nickel is strong against the default band [3, 1.5, 0.8, 0.3] %.

Positive factors

  • 1.99 % nickel is strong on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.99”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · cobaltGrade: 0.06Grade Unit: %Intercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
cobalt
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.06
Grade Unit
%
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.06 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.06 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.06”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · platinumGrade: 0.83Grade Unit: g/tIntercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
platinum
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.83
Grade Unit
g/t
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table: 0.83 g/t platinum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for platinum; intercept not scored.

Evidence · table

“0.83”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · palladiumGrade: 0.77Grade Unit: g/tIntercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
palladium
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table: 0.77 g/t palladium. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for palladium; intercept not scored.

Evidence · table

“0.77”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · goldGrade: 0.04Grade Unit: g/tIntercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
gold
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.04
Grade Unit
g/t
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.04 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 0.0 g/t·m is below.

Negative factors

  • 0.04 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.04”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

MLV-26-14A W1Levack · silverGrade: 7Grade Unit: g/tIntercept: 0.48 mView all details
Link to this fact

Identity

Hole ID
MLV-26-14A W1
Project
Levack
Commodity
silver
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
7
Grade Unit
g/t
Intercept
0.48 m
From
848.27 m
To
848.75 m
Intercept Depth
848.27 m

Classification

Sample Type
drill
Group ID
MLV-26-14A W1:848.27-848.75
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
5.08
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 7 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 3.4 g/t·m is below.

Negative factors

  • 7 g/t silver is below the weak threshold (30 g/t) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“7.00”

Context: MLV-26-14A W1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · copperGrade: 3.33Grade Unit: %Intercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
copper
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
3.33
Grade Unit
%
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 3.33 % copper is exceptional against the default band [2.5, 1, 0.5, 0.25] %. Grade×width 11.6 %·m is below (grade alone is exceptional; the better of the two is used).

Positive factors

  • 3.33 % copper is exceptional on the default band.

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.33”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · nickelGrade: 0.22Grade Unit: %Intercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
nickel
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.22
Grade Unit
%
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.22 % nickel is below against the default band [3, 1.5, 0.8, 0.3] %.

Negative factors

  • 0.22 % nickel is below the weak threshold (0.3 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.22”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · cobaltGrade: 0.02Grade Unit: %Intercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
cobalt
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.02
Grade Unit
%
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.02 % cobalt is below against the default band [0.5, 0.3, 0.15, 0.08] %.

Negative factors

  • 0.02 % cobalt is below the weak threshold (0.08 %) on the default band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.02”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · platinumGrade: 0.53Grade Unit: g/tIntercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
platinum
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.53
Grade Unit
g/t
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table: 0.53 g/t platinum. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for platinum; intercept not scored.

Evidence · table

“0.53”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · palladiumGrade: 1.19Grade Unit: g/tIntercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
palladium
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
1.19
Grade Unit
g/t
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table: 1.19 g/t palladium. No grade band defined for this commodity, so the score is a placeholder.

Negative factors

  • No grade rubric for palladium; intercept not scored.

Evidence · table

“1.19”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · goldGrade: 0.58Grade Unit: g/tIntercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
gold
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
0.58
Grade Unit
g/t
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 0.58 g/t gold is below against the underground mining band [15, 7, 4, 2.5] g/t. Grade×width 2.0 g/t·m is below.

Negative factors

  • 0.58 g/t gold is below the weak threshold (2.5 g/t) on the underground mining band.
  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.58”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

FNX6083-W5Levack · silverGrade: 31.54Grade Unit: g/tIntercept: 3.49 mView all details
Link to this fact

Identity

Hole ID
FNX6083-W5
Project
Levack
Commodity
silver
Region
canada_on
Reported Region
canada_on
Ticker
NICU

Geometry

Grade
31.54
Grade Unit
g/t
Intercept
3.49 m
From
1075.34 m
To
1078.83 m
Intercept Depth
1075.34 m

Classification

Sample Type
drill
Group ID
FNX6083-W5:1075.34-1078.83
Mining Method
underground

QA/QC

Laboratory
SGS Laboratories
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks

Metal Equivalent

Metal Eq. Grade
4.4
Metal Eq. Unit
% Cu-Eq

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-04-14T00:00:00.000Z

Reasoning: Expanded from assay table. 31.54 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 110.1 g/t·m is below (grade alone is weak; the better of the two is used).

Negative factors

  • Scored from rubric bands during table expansion, not from document context.

Evidence · table

“31.54”

Context: FNX6083-W5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

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.