# Meridian Reports Unaudited Half-Yearly Financial Results for the Six Months Ended 30 June 2026

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779

Original source: https://money.tmx.com/en/quote/MNO/news/7811814632376929/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende

Publisher: tmx

Original announcement: 2026-08-13T06:00:00.000Z

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: Unavailable

- Secondary commodities: None reported

- Document categories: Drill results, Resource update, Other

- Extracted: 2026-09-16 10:29:39 UTC

Narrative sentiment: -0.10 · Bearish

## Minestarters Atlas summary

Meridian Mining plc reported its unaudited half-yearly financial results for the six months ended June 30, 2026, showing a significant increase in cash and cash equivalents to USD 95.98 million and net assets to USD 102.13 million, primarily driven by successful capital raises. Despite this, the company recorded an increased operating loss of USD 9.98 million and a total comprehensive loss of USD 12.71 million. The report also highlighted progress on the Cabaçal Definitive Feasibility Study, which is nearing 50% completion, and the declaration of a maiden Mineral Resource Estimate for the Santa Helena project, alongside a material uncertainty regarding going concern due to its reliance on future equity and debt markets.

Reasoning: Meridian Mining reported a substantial increase in cash and net assets due to successful capital raises, which is positive for its financial runway and project advancement. Key projects like Cabaçal DFS and Santa Helena MRE are progressing. However, the company's operating losses increased, and a material uncertainty regarding its going concern status was highlighted, indicating ongoing financial challenges despite the capital injection. The new Cabaçal MRE shows contained metal growth but with lower grades compared to the prior PFS reserve, and the cut-off grades for the new MREs are not disclosed, which reduces transparency.

- Positive factor: Significant capital raises improved liquidity and net assets

- Positive factor: Cabaçal DFS is on schedule and nearing 50% completion

- Positive factor: Maiden Mineral Resource Estimate declared for Santa Helena

- Positive factor: Inclusion in FTSE Small Cap Index

- Positive factor: Contained metal growth for Cabaçal resource

- Negative factor: Increased operating loss and total comprehensive loss

- Negative factor: Material uncertainty related to going concern due to reliance on future funding

- Negative factor: Foreign exchange loss

- Negative factor: Grades for Cabaçal MRE are lower than previous PFS reserve estimate

- Negative factor: Cut-off grades for new MREs are undisclosed

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

Facts used in scoring: 41

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document reports an updated Mineral Resource Estimate for the Cabaçal project, stating it was 'expanded'.

Evidence · text

> Cabaçal mine's Au-Cu-Ag open-pittable resource expanded: M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

**Contained Metal Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The Cabaçal resource update explicitly states 'Metal increases of 39.2% for Au, 14.2% for Cu and 19.3% for Ag'.

Evidence · text

> Metal increases of 39.2% for Au, 14.2% for Cu and 19.3% for Ag

**Grade Decline**

Polarity: negative

Definition: Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: The Cabaçal M&I resource grades \(0.6g/t Au, 0.3% Cu, 1.3g/t Ag\) are lower than the previously reported PFS reserve grades \(0.63g/t Au, 0.44% Cu, 1.64g/t Ag\).

Evidence · text

> M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: The document does not state the cut-off grade used for the reported Cabaçal and Santa Helena M&I resource estimates.

Evidence · text

> M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

**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 document states that Santa Helena Central's M&I resource was 'declared' as its first formal estimate.

Evidence · text

> Santa Helena Central's maiden open-pittable Au-Cu-Ag-Zn-Pb Mineral Resource declared

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The Qualified Person statement explicitly refers to National Instrument 43-101 for the technical information in the news release.

Evidence · text

> Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, verified, and approved the technical information in this news release.

**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: Mr. Erich Marques is named as a Qualified Person and has reviewed, verified, and approved the technical information.

Evidence · text

> Mr. Erich Marques, B.Sc., FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101, has reviewed, verified, and approved the technical information in this news release.

**Apparent Width Only**

Polarity: negative

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

Why it applies: The drill results are reported with downhole lengths \(e.g., '7.2m'\) but no true width or drill orientation information is provided.

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

## Extracted facts

Stored fact records: 41. Some facts used in scoring do not have a stored record.

## Drill Results (33)

### CD-869

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-8)

Santa Helena North · gold

#### Identity

- Hole ID: CD-869
- Project: Santa Helena North
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.4
- Grade Unit: g/t
- Intercept: 7.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a significant exploration success, discovering a new VMS layer with good gold grades and visible gold, extending the known mineralization at Santa Helena. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new VMS layer extends mineralization limits

- Positive factor: Presence of visible gold is a positive indicator

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-869

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-9)

Santa Helena North · copper

#### Identity

- Hole ID: CD-869
- Project: Santa Helena North
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 7.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a significant exploration success, discovering a new VMS layer with good copper grades, extending the known mineralization at Santa Helena. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new VMS layer extends mineralization limits

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-869

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-10)

Santa Helena North · silver

#### Identity

- Hole ID: CD-869
- Project: Santa Helena North
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 24.3
- Grade Unit: g/t
- Intercept: 7.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a significant exploration success, discovering a new VMS layer with good silver grades, extending the known mineralization at Santa Helena. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new VMS layer extends mineralization limits

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-869

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-11)

Santa Helena North · zinc

#### Identity

- Hole ID: CD-869
- Project: Santa Helena North
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.3
- Grade Unit: %
- Intercept: 7.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a significant exploration success, discovering a new VMS layer with good zinc grades, extending the known mineralization at Santa Helena. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new VMS layer extends mineralization limits

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-869

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-12)

Santa Helena North · lead

#### Identity

- Hole ID: CD-869
- Project: Santa Helena North
- Commodity: lead
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 0.9
- Grade Unit: %
- Intercept: 7.2 m

#### Classification

- Program: exploration
- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a significant exploration success, discovering a new VMS layer with good lead grades, extending the known mineralization at Santa Helena. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new VMS layer extends mineralization limits

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-869 returns 7.2m @ 1.4g/t Au, 0.1% Cu, 24.3g/t Ag, 2.3% Zn, 0.9% Pb

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-852

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-13)

Santa Helena North · gold

#### Identity

- Hole ID: CD-852
- Project: Santa Helena North
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.4
- Grade Unit: g/t
- Intercept: 3.5 m
- From: 108.9 m
- To: 112.4 m
- Intercept Depth: 108.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: CD-852:108.9-112.4

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a new gold discovery at Álamo with good grades, and the open nature of the mineralization suggests further exploration potential. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new gold zone at Álamo

- Positive factor: Robust gold grades over multiple metres

- Positive factor: Mineralization remains open in all directions, indicating potential for expansion

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-852 returns 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from 108.9m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-852

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-14)

Santa Helena North · copper

#### Identity

- Hole ID: CD-852
- Project: Santa Helena North
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 0.5
- Grade Unit: %
- Intercept: 3.5 m
- From: 108.9 m
- To: 112.4 m
- Intercept Depth: 108.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: CD-852:108.9-112.4

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a new gold discovery at Álamo with good copper grades, and the open nature of the mineralization suggests further exploration potential. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new gold zone at Álamo

- Positive factor: Mineralization remains open in all directions, indicating potential for expansion

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-852 returns 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from 108.9m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-852

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-15)

Santa Helena North · silver

#### Identity

- Hole ID: CD-852
- Project: Santa Helena North
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 9.5
- Grade Unit: g/t
- Intercept: 3.5 m
- From: 108.9 m
- To: 112.4 m
- Intercept Depth: 108.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: CD-852:108.9-112.4

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a new gold discovery at Álamo with good silver grades, and the open nature of the mineralization suggests further exploration potential. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new gold zone at Álamo

- Positive factor: Mineralization remains open in all directions, indicating potential for expansion

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-852 returns 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from 108.9m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-852

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-16)

Santa Helena North · zinc

#### Identity

- Hole ID: CD-852
- Project: Santa Helena North
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 0.7
- Grade Unit: %
- Intercept: 3.5 m
- From: 108.9 m
- To: 112.4 m
- Intercept Depth: 108.9 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: CD-852:108.9-112.4

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This intercept represents a new gold discovery at Álamo with good zinc grades, and the open nature of the mineralization suggests further exploration potential. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Discovery of a new gold zone at Álamo

- Positive factor: Mineralization remains open in all directions, indicating potential for expansion

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-852 returns 3.5m @ 2.4g/t Au, 0.5% Cu, 9.5g/t Ag & 0.7% Zn from 108.9m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-17)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 21.2 m
- From: 71.6 m
- To: 92.8 m
- Intercept Depth: 71.6 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:71.6-92.8

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface gold mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good gold grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from 71.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-18)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.2
- Grade Unit: %
- Intercept: 21.2 m
- From: 71.6 m
- To: 92.8 m
- Intercept Depth: 71.6 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:71.6-92.8

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface copper mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good copper grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from 71.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-19)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 45.7
- Grade Unit: g/t
- Intercept: 21.2 m
- From: 71.6 m
- To: 92.8 m
- Intercept Depth: 71.6 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:71.6-92.8

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface silver mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good silver grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from 71.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-20)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 6
- Grade Unit: %
- Intercept: 21.2 m
- From: 71.6 m
- To: 92.8 m
- Intercept Depth: 71.6 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:71.6-92.8

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface zinc mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good zinc grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-854: 21.2m @ 1.5g/t Au, 1.2% Cu, 45.7g/t Ag & 6.0% Zn from 71.6m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-21)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.5
- Grade Unit: g/t
- Intercept: 10.7 m
- From: 73 m
- To: 83.7 m
- Intercept Depth: 73 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:73-83.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface gold mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher gold grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-22)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.4
- Grade Unit: %
- Intercept: 10.7 m
- From: 73 m
- To: 83.7 m
- Intercept Depth: 73 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:73-83.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface copper mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher copper grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-23)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 76.7
- Grade Unit: g/t
- Intercept: 10.7 m
- From: 73 m
- To: 83.7 m
- Intercept Depth: 73 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:73-83.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface silver mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher silver grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-854

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-24)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-854
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 11.7
- Grade Unit: %
- Intercept: 10.7 m
- From: 73 m
- To: 83.7 m
- Intercept Depth: 73 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-854:73-83.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface zinc mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher zinc grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 10.7m @ 2.5g/t Au, 2.4% Cu, 76.7g/t Ag & 11.7% Zn from 73.0m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-25)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.5
- Grade Unit: g/t
- Intercept: 14.8 m
- From: 29.7 m
- To: 44.5 m
- Intercept Depth: 29.7 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:29.7-44.5

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface gold mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good gold grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from 29.7m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-26)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.6
- Grade Unit: %
- Intercept: 14.8 m
- From: 29.7 m
- To: 44.5 m
- Intercept Depth: 29.7 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:29.7-44.5

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface copper mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good copper grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from 29.7m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-27)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 41.9
- Grade Unit: g/t
- Intercept: 14.8 m
- From: 29.7 m
- To: 44.5 m
- Intercept Depth: 29.7 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:29.7-44.5

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface silver mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good silver grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from 29.7m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-28)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 5.8
- Grade Unit: %
- Intercept: 14.8 m
- From: 29.7 m
- To: 44.5 m
- Intercept Depth: 29.7 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:29.7-44.5

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface zinc mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good zinc grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-853: 14.8m @ 1.5g/t Au, 1.6% Cu, 41.9g/t Ag & 5.8% Zn from 29.7m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-29)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.8
- Grade Unit: g/t
- Intercept: 6.9 m
- From: 32.8 m
- To: 39.7 m
- Intercept Depth: 32.8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:32.8-39.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface gold mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher gold grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-30)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 3.2
- Grade Unit: %
- Intercept: 6.9 m
- From: 32.8 m
- To: 39.7 m
- Intercept Depth: 32.8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:32.8-39.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface copper mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher copper grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-31)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 78
- Grade Unit: g/t
- Intercept: 6.9 m
- From: 32.8 m
- To: 39.7 m
- Intercept Depth: 32.8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:32.8-39.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface silver mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher silver grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-853

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-32)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-853
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 10.3
- Grade Unit: %
- Intercept: 6.9 m
- From: 32.8 m
- To: 39.7 m
- Intercept Depth: 32.8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-853:32.8-39.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface zinc mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher zinc grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 6.9m @ 2.8g/t Au, 3.2% Cu, 78.0g/t Ag & 10.3% Zn from 32.8m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-33)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 2.2
- Grade Unit: g/t
- Intercept: 11.7 m
- From: 46.4 m
- To: 58.1 m
- Intercept Depth: 46.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:46.4-58.1

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface gold mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good gold grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from 46.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-34)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 1.8
- Grade Unit: %
- Intercept: 11.7 m
- From: 46.4 m
- To: 58.1 m
- Intercept Depth: 46.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:46.4-58.1

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface copper mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good copper grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from 46.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-35)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 50.3
- Grade Unit: g/t
- Intercept: 11.7 m
- From: 46.4 m
- To: 58.1 m
- Intercept Depth: 46.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:46.4-58.1

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface silver mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good silver grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from 46.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-36)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 3.9
- Grade Unit: %
- Intercept: 11.7 m
- From: 46.4 m
- To: 58.1 m
- Intercept Depth: 46.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:46.4-58.1

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This infill drill intercept confirms near-surface zinc mineralization with good grades and width, contributing to increased confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Good zinc grades over a significant width

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> CD-849: 11.7m @ 2.2g/t Au, 1.8% Cu, 50.3g/t Ag & 3.9% Zn from 46.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-37)

Santa Helena Central · gold

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: gold
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 4.5
- Grade Unit: g/t
- Intercept: 5.3 m
- From: 47.4 m
- To: 52.7 m
- Intercept Depth: 47.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:47.4-52.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface gold mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher gold grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-38)

Santa Helena Central · copper

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: copper
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 3.9
- Grade Unit: %
- Intercept: 5.3 m
- From: 47.4 m
- To: 52.7 m
- Intercept Depth: 47.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:47.4-52.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface copper mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher copper grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-39)

Santa Helena Central · silver

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: silver
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 103.7
- Grade Unit: g/t
- Intercept: 5.3 m
- From: 47.4 m
- To: 52.7 m
- Intercept Depth: 47.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:47.4-52.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface silver mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher silver grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

### CD-849

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-drill-facts-40)

Santa Helena Central · zinc

#### Identity

- Hole ID: CD-849
- Project: Santa Helena Central
- Commodity: zinc
- Region: brazil
- Reported Region: brazil
- Ticker: MNO

#### Geometry

- Grade: 7.7
- Grade Unit: %
- Intercept: 5.3 m
- From: 47.4 m
- To: 52.7 m
- Intercept Depth: 47.4 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: CD-849:47.4-52.7

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: This high-grade sub-interval within an infill drill hole confirms strong near-surface zinc mineralization, further increasing confidence in the Santa Helena Central resource. The lack of true width, however, means the reported length is an apparent width.

- Positive factor: Higher zinc grades within a significant sub-interval

- Positive factor: Infill drilling confirms near-surface mineralization, increasing resource confidence

- Positive factor: QP/CP signed off on the technical information, increasing credibility

- Negative factor: True width not stated, so apparent width may overstate true thickness

Evidence · text

> Incl. 5.3m @ 4.5g/t Au, 3.9% Cu, 103.7g/t Ag & 7.7% Zn from 47.4m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

## Resource Estimates (8)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-0)

Cabaçal · gold

#### Identity

- Project: Cabaçal
- Commodity: gold
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:eb940c0f021b79a20a03

#### Resource Data

- Category: indicated
- Tonnes: 70100000
- Grade: 0.6
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The Cabaçal M&I resource update shows a substantial tonnage and contained metal, indicating project growth. However, the grades are lower than the prior PFS reserve, and the lack of a disclosed cut-off grade for this MRE reduces transparency and comparability.

- Positive factor: Significant tonnage and contained metal for a resource update

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

- Negative factor: Grades are lower than the previously reported PFS reserve estimate

Evidence · text

> M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-1)

Cabaçal · copper

#### Identity

- Project: Cabaçal
- Commodity: copper
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:eb940c0f021b79a20a03

#### Resource Data

- Category: indicated
- Tonnes: 70100000
- Grade: 0.3
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The Cabaçal M&I resource update shows a substantial tonnage and contained metal, indicating project growth. However, the grades are lower than the prior PFS reserve, and the lack of a disclosed cut-off grade for this MRE reduces transparency and comparability.

- Positive factor: Significant tonnage and contained metal for a resource update

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

- Negative factor: Grades are lower than the previously reported PFS reserve estimate

Evidence · text

> M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-2)

Cabaçal · silver

#### Identity

- Project: Cabaçal
- Commodity: silver
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:eb940c0f021b79a20a03

#### Resource Data

- Category: indicated
- Tonnes: 70100000
- Grade: 1.3
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The Cabaçal M&I resource update shows a substantial tonnage and contained metal, indicating project growth. However, the grades are lower than the prior PFS reserve, and the lack of a disclosed cut-off grade for this MRE reduces transparency and comparability.

- Positive factor: Significant tonnage and contained metal for a resource update

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

- Negative factor: Grades are lower than the previously reported PFS reserve estimate

Evidence · text

> M&I: 70.1Mt @ 0.6g/t Au, 0.3% Cu, 1.3g/t Ag

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-3)

Santa Helena · gold

#### Identity

- Project: Santa Helena
- Commodity: gold
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:b938e98978d6b670d6b6

#### Resource Data

- Category: indicated
- Tonnes: 5300000
- Grade: 0.6
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The maiden M&I resource for Santa Helena Central establishes a new baseline for the project, indicating significant potential. The open-pittable nature is positive, but the undisclosed cut-off grade reduces transparency.

- Positive factor: Maiden resource estimate establishes a baseline for the project

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

Evidence · text

> M&I: 5.3Mt @ 0.6g/t Au, 0.4% Cu, 15.5g/t Ag, 1.9% Zn & 0.4% Pb

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-4)

Santa Helena · copper

#### Identity

- Project: Santa Helena
- Commodity: copper
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:b938e98978d6b670d6b6

#### Resource Data

- Category: indicated
- Tonnes: 5300000
- Grade: 0.4
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The maiden M&I resource for Santa Helena Central establishes a new baseline for the project, indicating significant potential. The open-pittable nature is positive, but the undisclosed cut-off grade reduces transparency.

- Positive factor: Maiden resource estimate establishes a baseline for the project

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

Evidence · text

> M&I: 5.3Mt @ 0.6g/t Au, 0.4% Cu, 15.5g/t Ag, 1.9% Zn & 0.4% Pb

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-5)

Santa Helena · silver

#### Identity

- Project: Santa Helena
- Commodity: silver
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:b938e98978d6b670d6b6

#### Resource Data

- Category: indicated
- Tonnes: 5300000
- Grade: 15.5
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The maiden M&I resource for Santa Helena Central establishes a new baseline for the project, indicating significant potential. The open-pittable nature is positive, but the undisclosed cut-off grade reduces transparency.

- Positive factor: Maiden resource estimate establishes a baseline for the project

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

Evidence · text

> M&I: 5.3Mt @ 0.6g/t Au, 0.4% Cu, 15.5g/t Ag, 1.9% Zn & 0.4% Pb

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-6)

Santa Helena · zinc

#### Identity

- Project: Santa Helena
- Commodity: zinc
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:b938e98978d6b670d6b6

#### Resource Data

- Category: indicated
- Tonnes: 5300000
- Grade: 1.9
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The maiden M&I resource for Santa Helena Central establishes a new baseline for the project, indicating significant potential. The open-pittable nature is positive, but the undisclosed cut-off grade reduces transparency.

- Positive factor: Maiden resource estimate establishes a baseline for the project

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

Evidence · text

> M&I: 5.3Mt @ 0.6g/t Au, 0.4% Cu, 15.5g/t Ag, 1.9% Zn & 0.4% Pb

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-reports-unaudited-half-yearly-financial-results-for-the-six-months-ende--b990475b-8fad-432d-8230-66c46dac9779#fact-resource-facts-7)

Santa Helena · lead

#### Identity

- Project: Santa Helena
- Commodity: lead
- Region: brazil
- Reported Region: Mato Grosso, Brazil
- Ticker: MNO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Erich Marques
- Resource group id: resource:b938e98978d6b670d6b6

#### Resource Data

- Category: indicated
- Tonnes: 5300000
- Grade: 0.4
- Grade Unit: %

#### Prior Estimate

- Resource Date: 2026-01-20

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-13T00:00:00.000Z

Reasoning: The maiden M&I resource for Santa Helena Central establishes a new baseline for the project, indicating significant potential. The open-pittable nature is positive, but the undisclosed cut-off grade reduces transparency.

- Positive factor: Maiden resource estimate establishes a baseline for the project

- Positive factor: Resource is open-pittable, suggesting lower operating costs

- Positive factor: QP/CP signed off on the estimate, increasing credibility

- Negative factor: Cut-off grade for the MRE is undisclosed, limiting comparability

Evidence · text

> M&I: 5.3Mt @ 0.6g/t Au, 0.4% Cu, 15.5g/t Ag, 1.9% Zn & 0.4% Pb

#### 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 Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was 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

## 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.