# Untitled mining news story

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3

Original source: https://www.sec.gov/Archives/edgar/data/1514597/000117184325001938/exh_991.htm

Publisher: research

Original announcement: Unknown date

Analysis by Minestarters Atlas

Atlas analysis published: 2026-11-08T15:30:07.999Z

Atlas analysis updated: 2026-11-08T15:30:07.999Z

- Company: Unavailable

- Ticker: FURY

- Exchange: TSX

- Region: Quebec, Canada

- Primary commodity: Gold

- Secondary commodities: Lithium

- Document categories: Other, Resource update, Drill results, Metallurgy

- Extracted: 2026-11-08 15:30:08 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

This is Fury Gold Mines’ annual information form for the year ended December 31, 2024. It summarizes the company’s projects, 2024 resource update for Eau Claire and Percival, exploration results, corporate changes, and a pending QPM acquisition. The filing also includes extensive historical background, risk factors, and governance disclosure.

Reasoning: Broad annual information form with substantial resource and exploration disclosure, but the document is mainly corporate/summary material rather than a single current technical event.

- Positive factor: Annual information form summarizes material resource updates and exploration across Eau Claire, Percival, Serendipity, and Éléonore South.

- Positive factor: The document discloses updated 2024 mineral resource estimates for Eau Claire and Percival, with a stated effective date of May 10, 2024 and NI 43-101 compliance.

- Positive factor: Exploration results include multiple drill intercepts and surface lithium results, plus ongoing project advancement and recommended work programs.

- Negative factor: Most drill results and resource figures are restated from prior company releases rather than being new standalone news in this filing.

- Negative factor: No single current operational event dominates the whole document; much of the content is corporate governance, history, and risk disclosure.

- Negative factor: The filing is an annual information form, so novelty is diluted by broad backward-looking disclosure.

Facts used in scoring: 22

## Classification and evidence

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The resource disclosure states the estimates are consistent with the 2014 CIM Definition Standards and cites NI 43-101 compliance for the technical report.

Evidence · text

> The reporting of the MREs complies with all disclosure requirements for Mineral Resources set out in the NI 43-101 Standards

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: The technical report and resource disclosure are explicitly described as NI 43-101 compliant.

Evidence · text

> The reporting of the MREs complies with all disclosure requirements for Mineral Resources set out in the NI 43-101 Standards

**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: Named Qualified Persons are stated for the Eau Claire technical report and resource estimate.

Evidence · text

> prepared by Maxime Dupéré, B.Sc., P.Geo,, Ben Eggers, B.Sc. MAIG, P.Geo and Sarah Dean, B.Sc., MBA, P.Geo

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource tables disclose base case cut-off grades of 0.5 g/t Au and 2.5 g/t Au.

Evidence · table

> Open Pit \(base case cut-off grade of 0.5 g/t Au\)

Context: Category \| Tonnes \| Au g/t \| Contained Au \(oz\)

**Infill Drilling**

Polarity: neutral

Story-specific tag

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

Why it applies: The filing describes infill drilling at the Hinge Target and a recommended program aimed at updating the current mineral resource.

Evidence · text

> focused on infill drilling at the Hinge Target

**Step-Out Extension**

Polarity: positive

Story-specific tag

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The document explicitly says stepout drilling increased the mineralized footprint by over 450m to the west.

Evidence · text

> Large stepout drilling in 2022 increased the mineralized footprint of the Eau Claire deposit by over 450m to the west.

**QA/QC Disclosed**

Polarity: positive

Story-specific tag

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

Why it applies: The release describes blanks, certified standards, duplicates, and external laboratory checks.

Evidence · text

> systematic addition of blank samples and certified standards to each batch of samples

**No QA/QC Disclosure**

Polarity: negative

Story-specific tag

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: This tag is not applied; QA/QC is disclosed. The relevant evidence is included to support the positive QA/QC tag.

Evidence · text

> systematic addition of blank samples and certified standards

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The Serendipity and Percival targets are described in relation to the Cannard Deformation Zone and nearby deposits, and Éléonore South is discussed in relation to Newmont’s Éléonore Mine.

Evidence · text

> located 57 km NNW of the Eau Claire Project

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

## Drill Results (5)

### 23EC-077

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-drill-facts-11)

Eau Claire · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 23EC-077
- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: FURY

#### Geometry

- Grade: 31.77
- Grade Unit: g/t
- Intercept: 3.5 m
- From: 0 m
- To: 3.5 m
- Intercept Depth: 0 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: 23EC-077:0-3.5
- Mining Method: underground

#### Location

- Location: Hinge Target
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2023-01-17T00:00:00.000Z

Reasoning: Historical drill result restated in the annual filing.

- Positive factor: Very high grade gold intercept is explicitly stated.

- Positive factor: The interval is short but strong.

- Positive factor: It is associated with the Hinge Target resource area.

- Negative factor: This is a historical restatement in a 2024 annual filing.

- Negative factor: No true width is stated.

- Negative factor: Only the highlighted result is repeated here.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Infill Drilling**

Polarity: neutral

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

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

### 23EC-075

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-drill-facts-12)

Eau Claire · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 23EC-075
- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: FURY

#### Geometry

- Grade: 5
- Grade Unit: g/t
- Intercept: 3.5 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: underground

#### Location

- Location: Hinge Target
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-01-17T00:00:00.000Z

Reasoning: Historical drill result restated in the annual filing.

- Positive factor: Grade is at the strong-to-exceptional boundary for underground gold.

- Positive factor: Short but valuable interval.

- Negative factor: Historical restatement.

- Negative factor: No true width disclosed.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Infill Drilling**

Polarity: neutral

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

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

### 23EC-078

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-drill-facts-13)

Eau Claire · gold

Historical result

Needs review: ungrounded

#### Identity

- Hole ID: 23EC-078
- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: FURY

#### Geometry

- Grade: 5.49
- Grade Unit: g/t
- Intercept: 3.5 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: underground

#### Location

- Location: Hinge Target
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: ungrounded
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-02-06T00:00:00.000Z

Reasoning: Historical drill result restated in the annual filing.

- Positive factor: Strong grade over a moderate interval.

- Positive factor: Supports continuity of the Hinge Target system.

- Negative factor: Historical restatement.

- Negative factor: No true width disclosed.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Infill Drilling**

Polarity: neutral

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

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

### 23KP-013

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-drill-facts-14)

Eau Claire · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: 23KP-013
- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: FURY

#### Geometry

- Grade: 10.7
- Grade Unit: g/t
- Intercept: 1 m

#### Classification

- Program: resource
- Sample Type: drill
- Mining Method: underground

#### Location

- Location: Percival Prospect
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-03-13T00:00:00.000Z

Reasoning: Historical Percival sub-interval restated in the annual filing.

- Positive factor: High-grade short sub-interval is explicitly stated.

- Positive factor: Indicates local high-grade variability within the broader interval.

- Negative factor: Historical restatement.

- Negative factor: No true width disclosed.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

**Infill Drilling**

Polarity: neutral

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

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

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-drill-facts-16)

Éléonore South · lithium

#### Identity

- Project: Éléonore South
- Commodity: lithium
- Region: canada\_qc
- Reported Region: canada\_qc
- Ticker: FURY

#### Geometry

- Grade: 4.67
- Grade Unit: %

#### Classification

- Program: exploration
- Sample Type: surface
- Mining Method: unknown

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

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

Reasoning: Peak lithium outcrop result at Éléonore South.

- Positive factor: Peak lithium oxide value is high grade.

- Positive factor: It supports the new lithium target narrative at the project.

- Negative factor: Surface outcrop sample, not a drill result.

- Negative factor: No sample table or location coordinates are given in the text.

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off 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

## Resource Estimates (16)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-0)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:dd535c995617c1ab5068
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: measured
- Tonnes: 1612000
- Grade: 5.67
- Grade Unit: g/t
- Contained Metal: 294000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Measured gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Measured resource is reported in a NI 43-101-compliant update with effective date stated.

- Positive factor: Grade of 5.67 g/t Au is strong for a gold resource.

- Positive factor: Contained metal and category are explicitly disclosed.

- Negative factor: The row is part of a broader resource update rather than a fresh standalone discovery.

- Negative factor: Cut-off and mining method are specific to the combined model context, so comparability depends on the stated basis.

Evidence · table

> 5.67

Context: 1,612,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-1)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:f1041ed8e7c961aca525
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: indicated
- Tonnes: 4781000
- Grade: 5.64
- Grade Unit: g/t
- Contained Metal: 866000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Indicated category dominates the M&I inventory and is reported in a compliant resource update.

- Positive factor: Contained ounces are substantial and the grade remains robust.

- Positive factor: This is the main economic base for the combined resource statement.

- Negative factor: The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.

- Negative factor: The filing is an annual information form, so context is partly historical.

Evidence · table

> 5.64

Context: 4,781,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-2)

Eau Claire Project · gold

#### Identity

- Project: Eau Claire Project
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:6f3496d88fbea632f9f8
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: inferred
- Tonnes: 5445000
- Grade: 4.13
- Grade Unit: g/t
- Contained Metal: 723000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Inferred gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Inferred resource is sizeable and still grades above 4 g/t Au.

- Positive factor: Contained ounces are explicitly stated.

- Positive factor: It supports the broader project scale even though confidence is lower than M&I.

- Negative factor: Inferred material carries lower geological confidence than measured or indicated.

- Negative factor: No reserve conversion or economic study is presented here.

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-3)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:e2c7c924ed3db160de7c
- Deposit or zone: Open Pit

#### Resource Data

- Category: measured
- Tonnes: 1157000
- Grade: 5.19
- Grade Unit: g/t
- Contained Metal: 193000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Open-pit measured gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Open-pit measured gold resource is clearly disclosed.

- Positive factor: Grade remains strong at 5.19 g/t Au at the stated open-pit cut-off.

- Positive factor: Contained ounces are substantial for the open-pit shell.

- Negative factor: This is a resource shell row, not a new drill result.

- Negative factor: Comparability depends on the stated 0.5 g/t Au cut-off.

Evidence · table

> 5.19

Context: 1,157,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-4)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:85d6420f8fc7f2b6c023
- Deposit or zone: Open Pit

#### Resource Data

- Category: indicated
- Tonnes: 1291000
- Grade: 4.19
- Grade Unit: g/t
- Contained Metal: 174000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Open-pit indicated gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Open-pit indicated gold resource remains robust at over 4 g/t Au.

- Positive factor: Contained ounces are explicitly stated.

- Positive factor: This supports the near-surface mineable inventory.

- Negative factor: Resource row only; no reserve or economic viability is claimed here.

- Negative factor: Update context lowers novelty versus new assay disclosure.

Evidence · table

> 4.19

Context: 1,291,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-5)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:00689a6e29bcad08a3cd
- Deposit or zone: Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 69000
- Grade: 4.39
- Grade Unit: g/t
- Contained Metal: 10000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Open-pit inferred gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Open-pit inferred gold resource is high grade, albeit small.

- Positive factor: The row is explicitly reported with contained ounces and cut-off.

- Positive factor: It may be useful for model continuity near surface.

- Negative factor: Very small tonnage limits materiality.

- Negative factor: Inferred category carries lower confidence.

Evidence · table

> 4.39

Context: 69,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-6)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:ba29f6645b460834950f
- Deposit or zone: Underground

#### Resource Data

- Category: measured
- Tonnes: 455000
- Grade: 6.9
- Grade Unit: g/t
- Contained Metal: 101000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Underground measured gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Underground measured resource grades above 6 g/t Au at the stated cut-off.

- Positive factor: Contained ounces are explicitly disclosed.

- Positive factor: This supports a higher-grade underground inventory.

- Negative factor: Resource classification only; no reserve conversion.

- Negative factor: The underground shell is still within a broader resource update.

Evidence · table

> 6.90

Context: 455,000

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-7)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:7fc8da7be93b353eca88
- Deposit or zone: Underground

#### Resource Data

- Category: indicated
- Tonnes: 3490000
- Grade: 6.17
- Grade Unit: g/t
- Contained Metal: 692000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Underground indicated gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Large underground indicated inventory with strong grade.

- Positive factor: Contained metal is substantial and explicitly disclosed.

- Positive factor: This is the key underground economic block.

- Negative factor: Resource update context lowers novelty.

- Negative factor: No reserve designation is made.

Evidence · table

> 6.17

Context: 3,490,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-8)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:5b42dc1baf5edb843482
- Deposit or zone: Underground

#### Resource Data

- Category: inferred
- Tonnes: 2566000
- Grade: 6.08
- Grade Unit: g/t
- Contained Metal: 502000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Underground inferred gold resource row from the 2024 Eau Claire estimate.

- Positive factor: Underground inferred resource remains high grade.

- Positive factor: Contained ounces are meaningful and explicitly disclosed.

- Positive factor: Supports the broader underground resource shell.

- Negative factor: Inferred confidence is lower than indicated or measured.

- Negative factor: This is a resource table row rather than a new technical catalyst.

Evidence · table

> 6.08

Context: 2,566,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-9)

Percival · gold

#### Identity

- Project: Percival
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:389294a233f3ea7ba43b
- Deposit or zone: Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 2253000
- Grade: 1.81
- Grade Unit: g/t
- Contained Metal: 131000
- Contained Unit: oz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Percival open-pit inferred gold resource row from the 2024 resource estimate.

- Positive factor: Percival is included as a maiden resource within the project package.

- Positive factor: Contained ounces are explicitly stated.

- Positive factor: The open-pit row demonstrates scale beyond the core Eau Claire deposit.

- Negative factor: Grade is materially lower than the main Eau Claire deposit.

- Negative factor: Inferred category and maiden status limit confidence.

Evidence · table

> 1.81

Context: 2,253,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-10)

Percival · gold

#### Identity

- Project: Percival
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:b7958bbd182e9dd04ecc
- Deposit or zone: Underground

#### Resource Data

- Category: inferred
- Tonnes: 557000
- Grade: 4.47
- Grade Unit: g/t
- Contained Metal: 80000
- Contained Unit: oz
- Cutoff Grade: 2.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Percival underground inferred gold resource row from the 2024 resource estimate.

- Positive factor: Underground inferred grade is strong for gold.

- Positive factor: Contained ounces are explicitly disclosed.

- Positive factor: Supports a higher-grade underground component at Percival.

- Negative factor: Inferred confidence only.

- Negative factor: This is a resource row, not a new drilling result.

Evidence · table

> 4.47

Context: 557,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-17)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:945f2388d138ff6de3b2
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: indicated
- Tonnes: 2448000
- Grade: 4.66
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category dominates the M&I inventory and is reported in a compliant resource update.

- Positive factor: Contained ounces are substantial and the grade remains robust.

- Positive factor: This is the main economic base for the combined resource statement.

- Negative factor: The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.

- Negative factor: The filing is an annual information form, so context is partly historical.

Evidence · table

> 4.66

Context: 2,448,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-18)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:d014e239686b44056767
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: indicated
- Tonnes: 3945000
- Grade: 6.25
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category dominates the M&I inventory and is reported in a compliant resource update.

- Positive factor: Contained ounces are substantial and the grade remains robust.

- Positive factor: This is the main economic base for the combined resource statement.

- Negative factor: The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.

- Negative factor: The filing is an annual information form, so context is partly historical.

Evidence · table

> 6.25

Context: 3,945,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-19)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:c54ad9c83c1ee7cf6312
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: indicated
- Tonnes: 6393000
- Grade: 5.65
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Indicated gold resource row from the 2024 Eau Claire estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Indicated category dominates the M&I inventory and is reported in a compliant resource update.

- Positive factor: Contained ounces are substantial and the grade remains robust.

- Positive factor: This is the main economic base for the combined resource statement.

- Negative factor: The estimate is an update rather than a maiden estimate, so novelty is lower than a first resource.

- Negative factor: The filing is an annual information form, so context is partly historical.

Evidence · table

> 5.65

Context: 6,393,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-20)

Eau Claire · gold

#### Identity

- Project: Eau Claire
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:d76824ace6c28f6664d3
- Deposit or zone: Combined open pit and Underground

#### Resource Data

- Category: inferred
- Tonnes: 2635000
- Grade: 6.04
- Grade Unit: g/t

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Inferred gold resource row from the 2024 Eau Claire estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Inferred resource is sizeable and still grades above 4 g/t Au.

- Positive factor: Contained ounces are explicitly stated.

- Positive factor: It supports the broader project scale even though confidence is lower than M&I.

- Negative factor: Inferred material carries lower geological confidence than measured or indicated.

- Negative factor: No reserve conversion or economic study is presented here.

Evidence · table

> 6.04

Context: 2,635,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off 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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-resource-facts-21)

Percival · gold

#### Identity

- Project: Percival
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Resource scope

- Estimate type: resource
- Effective date: 2024-05-10T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Maxime Duperé, Ben Eggers, Sarah Dean, Valerie Doyon
- Resource group id: resource:2e63c0bedf01d406f0a6
- Deposit or zone: Open Pit

#### Resource Data

- Category: inferred
- Tonnes: 2810000
- Grade: 2.34
- Grade Unit: g/t
- Cutoff Grade: 0.5
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2024-05-10

#### Lab

- Laboratory: SGS Geological Services

#### Location

- Loc. Confidence: inferred

#### Review

- Needs Review: No
- Historical: No

Reasoning: Percival open-pit inferred gold resource row from the 2024 resource estimate. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Percival is included as a maiden resource within the project package.

- Positive factor: Contained ounces are explicitly stated.

- Positive factor: The open-pit row demonstrates scale beyond the core Eau Claire deposit.

- Negative factor: Grade is materially lower than the main Eau Claire deposit.

- Negative factor: Inferred category and maiden status limit confidence.

Evidence · table

> 2.34

Context: 2,810,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes ni\_43\_101

**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

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 2.5 years before this release

## Metallurgical Results (1)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/mining-news--841b5507-5579-4039-912d-1a1b9a31dbe3#fact-metallurgical-facts-15)

Eau Claire Project · gold

#### Identity

- Project: Eau Claire Project
- Commodity: gold
- Region: canada\_qc
- Reported Region: Quebec, Canada
- Ticker: FURY

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: flotation concentrate cyanidation
- Sample: Flotation concentrate cyanidation

#### Recovery

- Recovery: 98.3 %
- Recovery Basis: actual\_test

#### Reagents

- Reagent Notes: flotation concentrate cyanidation

#### Lab

- Laboratory: SGS

#### Review

- Needs Review: No
- Historical: No

Reasoning: Historical flotation-concentrate cyanidation result.

- Positive factor: Very high gold extraction is explicitly stated for flotation concentrate cyanidation.

- Positive factor: The route is conventional rather than novel.

- Negative factor: Historical testwork.

- Negative factor: No feed grade or concentrate grade is provided in the quoted line.

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98.3% is at or above the exceptional band \(95%\)

## 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.