# Meridian Updates Resources for Cabaçal and Santa Helena Central Deposits Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/meridian-updates-resources-for-cabac-al-and-santa-helena-central-deposits--ffa60bf0-7742-4966-ad98-02cfad93df69 Original source: https://finance.yahoo.com/news/meridian-updates-resources-caba-al-113000834.html Publisher: yahoo\_press Original announcement: 2026-01-20T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Meridian - Ticker: MNO - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver, Zinc, Lead - Document categories: Resource update - Extracted: 2026-09-21 08:13:51 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Meridian has announced expanded Measured and Indicated resources for the Cabaçal project, showing significant increases in contained gold, copper, and silver. Additionally, the company reported a maiden open-pit resource for the Santa Helena Central deposit. Reasoning: The announcement reports substantial metal increases for the Cabaçal project and a new maiden resource for Santa Helena Central, indicating successful resource expansion and de-risking. - Positive factor: Significant contained metal growth across all primary commodities - Positive factor: Expansion of the Cabaçal resource - Positive factor: Maiden resource declaration for Santa Helena Central Facts used in scoring: 3 ## Classification and evidence **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: Metal increases of 39.2% for Au, 14.2% for Cu and 19.3% for Ag reported for Cabaçal. Evidence · text > Metal increases of 39.2% for Au, 14.2% for Cu and 19.3% for 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: Santa Helena Central is reported as a maiden resource. Evidence · text > Santa Helena Central’s maiden open-pittable Au-Cu-Ag-Zn-Pb resource ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-updates-resources-for-cabac-al-and-santa-helena-central-deposits--ffa60bf0-7742-4966-ad98-02cfad93df69#fact-resource-facts-0) Cabaçal · gold #### Identity - Project: Cabaçal - Commodity: gold - Ticker: MNO #### Resource scope - Estimate type: resource - Resource group id: resource:7e305d605679d900369a - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 70100000 - Grade: 0.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: High metal growth for gold at Cabaçal. - Positive factor: Significant metal increase reported 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 **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-updates-resources-for-cabac-al-and-santa-helena-central-deposits--ffa60bf0-7742-4966-ad98-02cfad93df69#fact-resource-facts-1) Cabaçal · copper #### Identity - Project: Cabaçal - Commodity: copper - Ticker: MNO #### Resource scope - Estimate type: resource - Resource group id: resource:7e305d605679d900369a - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 70100000 - Grade: 0.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Copper metal growth reported. - Positive factor: Copper metal increase reported 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 **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/meridian-updates-resources-for-cabac-al-and-santa-helena-central-deposits--ffa60bf0-7742-4966-ad98-02cfad93df69#fact-resource-facts-2) Cabaçal · silver #### Identity - Project: Cabaçal - Commodity: silver - Ticker: MNO #### Resource scope - Estimate type: resource - Resource group id: resource:7e305d605679d900369a - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 70100000 - Grade: 1.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-01-20T00:00:00.000Z Reasoning: Silver metal growth reported. - Positive factor: Silver metal increase reported 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 **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 **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.