# Meridian Reports on Caba&\#xE7;al Installation Licence Submission and Provides DFS Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/meridian-reports-on-caba-xe7-al-installation-licence-submission-and-provides-dfs--272b4c3a-28cf-45cf-9a84-29b94f396cba Original source: https://money.tmx.com/en/quote/MNO/news/5393110830120001/meridian-reports-on-caba-xe7-al-installation-licence-submission-and-provides-dfs Publisher: tmx Original announcement: 2026-05-27T06:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Meridian Mining plc - Ticker: MNO - Exchange: TSX - Region: Mato Grosso, Brazil - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Permitting, Other - Extracted: 2026-09-16 10:41:44 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Meridian Mining has submitted its Installation Licence \(IL\) application for the Cabaçal project in Brazil, a critical step toward construction. The company is also advancing its Definitive Feasibility Study \(DFS\), which is 50% complete, and has commenced ordering long-lead mill equipment. Reasoning: The company has reached a major permitting milestone \(IL submission\) and is de-risking construction through long-lead item procurement, supporting the DFS timeline. - Positive factor: Submission of Installation Licence \(IL\) application - Positive factor: Progress on long-lead equipment procurement - Positive factor: DFS on schedule for Q4 2026 - Positive factor: Strong PFS economics \(60% IRR, $1B valuation\) - Negative factor: Permitting timeline remains subject to regulatory approval Facts used in scoring: 3 ## Classification and evidence **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an update on the progress of the Definitive Feasibility Study \(DFS\) and mentions an increased resource base. Evidence · text > Cabaçal Definitive Feasibility Study Update ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-on-caba-xe7-al-installation-licence-submission-and-provides-dfs--272b4c3a-28cf-45cf-9a84-29b94f396cba#fact-resource-facts-0) Cabaçal · gold Historical result Needs review: historical\_restatement #### Identity - Project: Cabaçal - Commodity: gold - Region: brazil - Reported Region: Mato Grosso, Brazil - Ticker: MNO #### Resource scope - Estimate type: reserve - Resource group id: resource:6f14ca4c80a461a38d23 - Deposit or zone: Cabaçal #### Resource Data - Category: probable - Tonnes: 41700000 - Grade: 0.63 - Grade Unit: g/t - Cutoff Grade: 0.25 - Cutoff Unit: g/t gold equivalent #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-05-27T00:00:00.000Z Reasoning: This is a restatement of existing PFS reserve data provided for context. Evidence · text > Cabaçal Mineral Reserve estimate in the PFS consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **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/meridian-reports-on-caba-xe7-al-installation-licence-submission-and-provides-dfs--272b4c3a-28cf-45cf-9a84-29b94f396cba#fact-resource-facts-1) Cabaçal · copper Historical result Needs review: historical\_restatement #### Identity - Project: Cabaçal - Commodity: copper - Region: brazil - Reported Region: Mato Grosso, Brazil - Ticker: MNO #### Resource scope - Estimate type: reserve - Resource group id: resource:6f14ca4c80a461a38d23 - Deposit or zone: Cabaçal #### Resource Data - Category: probable - Tonnes: 41700000 - Grade: 0.44 - Grade Unit: % - Cutoff Grade: 0.25 - Cutoff Unit: g/t gold equivalent #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-05-27T00:00:00.000Z Reasoning: This is a restatement of existing PFS reserve data provided for context. Evidence · text > Cabaçal Mineral Reserve estimate in the PFS consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **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/meridian-reports-on-caba-xe7-al-installation-licence-submission-and-provides-dfs--272b4c3a-28cf-45cf-9a84-29b94f396cba#fact-resource-facts-2) Cabaçal · silver Historical result Needs review: historical\_restatement #### Identity - Project: Cabaçal - Commodity: silver - Region: brazil - Reported Region: Mato Grosso, Brazil - Ticker: MNO #### Resource scope - Estimate type: reserve - Resource group id: resource:6f14ca4c80a461a38d23 - Deposit or zone: Cabaçal #### Resource Data - Category: probable - Tonnes: 41700000 - Grade: 1.64 - Grade Unit: g/t - Cutoff Grade: 0.25 - Cutoff Unit: g/t gold equivalent #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-03-31T00:00:00.000Z #### Dates - Event date: 2026-05-27T00:00:00.000Z Reasoning: This is a restatement of existing PFS reserve data provided for context. Evidence · text > Cabaçal Mineral Reserve estimate in the PFS consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver #### 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 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **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 ## 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.