Minsud Announces Maiden Mineral Resource Estimate for the Chinchillones Complex at the Chita Valley Project

Original announcement by tmx on

Company
Minsud Resources Corp.
Ticker
MSR
Exchange
TSX
Region
San Juan Province, Argentina
Primary commodity
Copper
Secondary commodities
Gold, Silver, Molybdenum, Zinc
Document categories
Resource update, Metallurgy
Extracted
2026-09-18 11:16:19 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Minsud Resources Corp. has announced a maiden Mineral Resource Estimate for the Chinchillones Complex at its Chita Valley Project in Argentina. The estimate totals 761 Mt (188 Mt Indicated, 573 Mt Inferred) containing 1,710 kt CuEq, with primary contributors being copper, silver, and gold. While the resource is suitable for open-pit mining, metallurgical testing highlighted arsenic challenges in concentrates.

Reasoning: The announcement of a maiden resource of 761Mt is a major milestone, though the high proportion of Inferred material and metallurgical arsenic risks warrant caution.

Positive factors

  • Maiden resource estimate established
  • Significant tonnage (761Mt total)
  • Suitable for open-pit mining
  • Strong primary metal contributors (Cu, Ag, Au)

Negative factors

  • High arsenic content in concentrates noted
  • High zinc domains show lower copper recoveries
  • Significant Inferred component (75% of total tonnage)

Facts used in scoring: 34

Classification and evidence

Maiden Resourceneutral

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: First formal MRE for the Chinchillones Complex.

Evidence · text

“completion of a maiden, pit-constrained Mineral Resource Estimate”

Inferred Resourcenegative

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

Why it applies: A large portion of the resource is in the Inferred category.

Evidence · text

“Inferred Resources: 573Mt”

Deleterious Elements Presentnegative · Story-specific tag

A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: Arsenic content in concentrates is noted as a significant challenge.

Evidence · text

“significant challenges with arsenic (As) content in concentrates (averaging 7%)”

QA/QC Disclosedpositive · Story-specific tag

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

Why it applies: Release mentions field duplicates, standards, and blanks were included.

Evidence · text

“Field duplicates, standards and blanks were included with all sample shipments”

QP/CP Signedpositive

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. Mike Job is named as the Qualified Person overseeing the estimate.

Evidence · text

“As a Qualified Person (QP) under NI 43-101 standards, Mr. Job oversaw all aspects”

Mill Routeneutral

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

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

Single Domain Onlynegative

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

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 34. Some facts used in scoring do not have a stored record.

Resource Estimates (33)

indicatedChinchillones Complex · copperTonnes: 147000000Grade: 0.27Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3bbd65b3a4f3a1a9ca5a
Deposit or zone
Chinchillones Complex
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147000000
Grade
0.27
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain.

Evidence · table

“0.27”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · goldTonnes: 147000000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3bbd65b3a4f3a1a9ca5a
Deposit or zone
Chinchillones Complex
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147000000
Grade
0.11
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated gold grade for Low Zinc domain.

Evidence · table

“0.11”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · silverTonnes: 147000000Grade: 8.7Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3bbd65b3a4f3a1a9ca5a
Deposit or zone
Chinchillones Complex
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147000000
Grade
8.7
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated silver grade for Low Zinc domain.

Evidence · table

“8.7”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · molybdenumTonnes: 147000000Grade: 46Grade Unit: ppmView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
molybdenum
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3bbd65b3a4f3a1a9ca5a
Deposit or zone
Chinchillones Complex
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147000000
Grade
46
Grade Unit
ppm

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated molybdenum grade for Low Zinc domain.

Evidence · table

“46”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · copperTonnes: 188000000View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:103d4e1b5ff1390138f6
Deposit or zone
Chinchillones Complex
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188000000

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Total Indicated copper equivalent grade.

Evidence · table

“0.41”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · copperTonnes: 147Grade: 0.27Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:7b2e322e2a8df632e1cb
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147
Grade
0.27
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.27”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · goldTonnes: 147Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:7b2e322e2a8df632e1cb
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147
Grade
0.11
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.11”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · silverTonnes: 147Grade: 8.7Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:7b2e322e2a8df632e1cb
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147
Grade
8.7
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“8.7”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · molybdenumTonnes: 147Grade: 46Grade Unit: ppmView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
molybdenum
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:7b2e322e2a8df632e1cb
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
147
Grade
46
Grade Unit
ppm

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“46”

Context: 147

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · copperTonnes: 494Grade: 0.22Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f918b7c253af6d1ac993
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
494
Grade
0.22
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.22”

Context: 494

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · goldTonnes: 494Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f918b7c253af6d1ac993
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
494
Grade
0.09
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.09”

Context: 494

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · silverTonnes: 494Grade: 7.8Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f918b7c253af6d1ac993
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
494
Grade
7.8
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“7.8”

Context: 494

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · molybdenumTonnes: 494Grade: 108Grade Unit: ppmView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
molybdenum
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f918b7c253af6d1ac993
Deposit or zone
Low Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
494
Grade
108
Grade Unit
ppm

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.31
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“108”

Context: 494

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · copperTonnes: 41Grade: 0.18Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3533774f7ea8b9fefab6
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
41
Grade
0.18
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.18”

Context: 41

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · goldTonnes: 41Grade: 0.13Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3533774f7ea8b9fefab6
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
41
Grade
0.13
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.13”

Context: 41

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · silverTonnes: 41Grade: 17.6Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3533774f7ea8b9fefab6
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
41
Grade
17.6
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“17.6”

Context: 41

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · zincTonnes: 41Grade: 0.72Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
zinc
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:3533774f7ea8b9fefab6
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
41
Grade
0.72
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.61
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.72”

Context: 41

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · copperTonnes: 79Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:a92657ae5003334b1a47
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
79
Grade
0.21
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.21”

Context: 79

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · goldTonnes: 79Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:a92657ae5003334b1a47
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
79
Grade
0.1
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.1”

Context: 79

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · silverTonnes: 79Grade: 16.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:a92657ae5003334b1a47
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
79
Grade
16.5
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“16.5”

Context: 79

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · zincTonnes: 79Grade: 0.78Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
zinc
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:a92657ae5003334b1a47
Deposit or zone
High Zinc
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
79
Grade
0.78
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.63
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.78”

Context: 79

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · copperTonnes: 188Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:958860b270e8e93765c0
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188
Grade
0.25
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.25”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · goldTonnes: 188Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:958860b270e8e93765c0
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188
Grade
0.11
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.11”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · silverTonnes: 188Grade: 10.6Grade Unit: g/tView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:958860b270e8e93765c0
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188
Grade
10.6
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“10.6”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · molybdenumTonnes: 188Grade: 36Grade Unit: ppmView all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
molybdenum
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:958860b270e8e93765c0
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188
Grade
36
Grade Unit
ppm

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“36”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · zincTonnes: 188Grade: 0.16Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
zinc
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:958860b270e8e93765c0
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
188
Grade
0.16
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.41
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.16”

Context: 188

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · copperTonnes: 573Grade: 0.22Grade Unit: %View all details
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Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f5d53c63224f1ff7c444
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
573
Grade
0.22
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.22”

Context: 573

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · goldTonnes: 573Grade: 0.09Grade Unit: g/tView all details
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Identity

Project
Chinchillones Complex
Commodity
gold
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f5d53c63224f1ff7c444
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
573
Grade
0.09
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.09”

Context: 573

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · silverTonnes: 573Grade: 9Grade Unit: g/tView all details
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Identity

Project
Chinchillones Complex
Commodity
silver
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f5d53c63224f1ff7c444
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
573
Grade
9
Grade Unit
g/t

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“9.0”

Context: 573

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · molybdenumTonnes: 573Grade: 93Grade Unit: ppmView all details
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Identity

Project
Chinchillones Complex
Commodity
molybdenum
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f5d53c63224f1ff7c444
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
573
Grade
93
Grade Unit
ppm

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“93”

Context: 573

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · zincTonnes: 573Grade: 0.11Grade Unit: %View all details
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Identity

Project
Chinchillones Complex
Commodity
zinc
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Resource scope

Estimate type
resource
Effective date
2025-01-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Mike Job
Resource group id
resource:f5d53c63224f1ff7c444
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
573
Grade
0.11
Grade Unit
%

Prior Estimate

Resource Date
2025-01-15

Metal Equivalent

Metal Eq. Grade
0.36
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Indicated copper grade for Low Zinc domain. (Expanded from multi-commodity resource table for completeness.)

Evidence · table

“0.11”

Context: 573

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedChinchillones Complex · copperTonnes: 188000000Grade: 0.41Grade Unit: %View all details
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Identity

Project
Chinchillones Complex
Commodity
copper
Ticker
MSR

Resource Data

Category
indicated
Tonnes
188000000
Grade
0.41
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: The announcement of a maiden resource of 761Mt is a major milestone, though the high proportion of Inferred material and metallurgical arsenic risks warrant caution.

Positive factors

  • Maiden resource estimate established
  • Significant tonnage (761Mt total)
  • Suitable for open-pit mining
  • Strong primary metal contributors (Cu, Ag, Au)

Negative factors

  • High arsenic content in concentrates noted
  • High zinc domains show lower copper recoveries
  • Significant Inferred component (75% of total tonnage)

Evidence · text

“Indicated Resources: 188Mt at 0.41% Cu”

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredChinchillones Complex · copperTonnes: 573000000Grade: 0.36Grade Unit: %View all details
Link to this fact

Identity

Project
Chinchillones Complex
Commodity
copper
Ticker
MSR

Resource Data

Category
inferred
Tonnes
573000000
Grade
0.36
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: The announcement of a maiden resource of 761Mt is a major milestone, though the high proportion of Inferred material and metallurgical arsenic risks warrant caution.

Positive factors

  • Maiden resource estimate established
  • Significant tonnage (761Mt total)
  • Suitable for open-pit mining
  • Strong primary metal contributors (Cu, Ag, Au)

Negative factors

  • High arsenic content in concentrates noted
  • High zinc domains show lower copper recoveries
  • Significant Inferred component (75% of total tonnage)

Evidence · text

“Inferred Resources: 573Mt at 0.36% Cu”

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Metallurgical Results (1)

flotationChinchillones Complex · copperRecovery: 60 %View all details
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Identity

Project
Chinchillones Complex
Commodity
copper
Region
argentina
Reported Region
San Juan Province, Argentina
Ticker
MSR

Test Work

Program Status
detailed
Test Type
flotation
Processing Route
flotation
Sample
High zinc domain composite

Recovery

Recovery
60 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2025-01-17T00:00:00.000Z

Reasoning: Lower copper recovery in high zinc domain.

Negative factors

  • Low recovery compared to low zinc domain

Evidence · text

“Metallurgical recoveries for the high zinc domain are 60% Cu”

Tags used in scoring

Mill Routeneutral

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

Why it applies: processing_route matches the flotation signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 60% is below the weak band (80%)

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.