Mogotes Metals Secures Option to Acquire Advanced Beskauga Copper-Gold-Silver Project

Original announcement by tmx on

Company
Mogotes Metals Inc.
Ticker
MOG
Exchange
TSX
Region
Pavlodar Province, Republic of Kazakhstan
Primary commodity
Copper
Secondary commodities
Gold, Silver
Document categories
Drill results, Agreement transaction, Resource update
Extracted
2026-09-18 11:05:16 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Mogotes Metals has secured an option to acquire a 100% interest in the Beskauga copper-gold-silver porphyry project in Kazakhstan for a total consideration of US$24.7 million. The project hosts a significant 2022 NI 43-101 historical mineral resource estimate, including 111.2 Mt Indicated at 0.30% Cu, 0.49 g/t Au, and 1.34 g/t Ag. Recent drilling has extended mineralization outside the historical resource, indicating strong expansion potential.

Reasoning: Mogotes Metals is acquiring an advanced copper-gold-silver project with a substantial historical resource and promising drill results, offering significant exploration upside and strategic benefits like year-round news flow. The deal structure is favorable, and the project is in a supportive jurisdiction. However, the resource estimate is historical and requires verification.

Positive factors

  • Acquisition of a resource-stage project with significant existing resources and exploration upside.
  • Favorable deal terms with staged, discretionary payments and share settlement options.
  • High-grade core near surface, potentially amenable to open-pit mining.
  • Strong drill intercepts, both within and outside the historical MRE, indicating expansion potential.
  • Project located in a mining-friendly jurisdiction with established infrastructure and counter-cyclical exploration calendar.

Negative factors

  • The resource estimate is historical and requires verification work by the company's QP.
  • The QP is not independent for the purposes of NI 43-101.

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

Facts used in scoring: 31

Classification and evidence

NI 43-101 Compliantpositive

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

Why it applies: The mineral resource estimate is stated to be a 2022 National Instrument NI 43-101 compliant estimate.

Evidence · text

“The Beskauga Main deposit has a 2022 National Instrument NI 43-101 ("NI 43-101") mineral resource estimate”

Historical Estimate Onlynegative

Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: The mineral resource estimate is explicitly treated as a historical estimate for NI 43-101 purposes and requires verification.

Evidence · text

“The mineral resource estimate for the Beskauga deposit referenced in this news release is treated as a historical estimate for the purposes of NI 43-101.”

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: Stephen Nano is named as a Qualified Person who reviewed and approved the technical disclosure.

Evidence · text

“The scientific and technical disclosure for the Beskauga Project included in this news release has been reviewed and approved by Stephen Nano, who is a Qualified Person as defined by National Instrument 43-101”

Apparent Width Onlynegative

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

Why it applies: Drill intercepts are given as downhole lengths without true width estimates.

Evidence · text

“BG21001: 957.0m at 0.58 g/t Au, 0.34% Cu, 1.92 g/t Ag from 44m”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Post-MRE drilling returned significant new mineralised intercepts extending outside of the 2022 resource.

Evidence · text

“Post-MRE drilling totalling 18,657 metres in 28 holes has returned significant new mineralised intercepts extending outside of the 2022 resource, confirming the potential to grow the deposit with further drilling.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: BG21001 included 203.0m at 1.12 g/t Au, 0.67% Cu, 3.70 g/t Ag, which is a strong grade-width product for a porphyry.

Evidence · text

“Incl. 203.0m at 1.12 g/t Au, 0.67% Cu, 3.70 g/t Ag from 48m”

Extracted facts

Stored fact records: 30. Some facts used in scoring do not have a stored record.

Drill Results (24)

BG21001Beskauga South · goldGrade: 0.58Grade Unit: g/tIntercept: 957 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.58
Grade Unit
g/t
Intercept
957 m
From
44 m
To
1001 m
Intercept Depth
44 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:44-1001
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows significant gold mineralization over a substantial length, indicating a robust system, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Strong gold grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21001: 957.0m at 0.58 g/t Au, 0.34% Cu, 1.92 g/t Ag from 44m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21001Beskauga South · copperGrade: 0.34Grade Unit: %Intercept: 957 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.34
Grade Unit
%
Intercept
957 m
From
44 m
To
1001 m
Intercept Depth
44 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:44-1001
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows significant copper mineralization over a substantial length, indicating a robust system, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Strong copper grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21001: 957.0m at 0.58 g/t Au, 0.34% Cu, 1.92 g/t Ag from 44m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21001Beskauga South · silverGrade: 1.92Grade Unit: g/tIntercept: 957 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.92
Grade Unit
g/t
Intercept
957 m
From
44 m
To
1001 m
Intercept Depth
44 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:44-1001
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows good silver mineralization over a substantial length, contributing to the overall polymetallic nature of the deposit, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Good silver grade over a very long intercept.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21001: 957.0m at 0.58 g/t Au, 0.34% Cu, 1.92 g/t Ag from 44m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21001Beskauga South · goldGrade: 1.12Grade Unit: g/tIntercept: 203 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.12
Grade Unit
g/t
Intercept
203 m
From
48 m
To
251 m
Intercept Depth
48 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:48-251
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade gold intercept within a broader zone is a very strong result, indicating a valuable core to the deposit, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Exceptional gold grade over a significant width for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 203.0m at 1.12 g/t Au, 0.67% Cu, 3.70 g/t Ag from 48m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21001Beskauga South · copperGrade: 0.67Grade Unit: %Intercept: 203 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.67
Grade Unit
%
Intercept
203 m
From
48 m
To
251 m
Intercept Depth
48 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:48-251
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade copper intercept within a broader zone is a very strong result, indicating a valuable core to the deposit, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Exceptional copper grade over a significant width for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 203.0m at 1.12 g/t Au, 0.67% Cu, 3.70 g/t Ag from 48m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21001Beskauga South · silverGrade: 3.7Grade Unit: g/tIntercept: 203 mView all details
Link to this fact

Identity

Hole ID
BG21001
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
3.7
Grade Unit
g/t
Intercept
203 m
From
48 m
To
251 m
Intercept Depth
48 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG21001:48-251
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This strong silver intercept within a broader zone contributes significantly to the polymetallic value of the deposit, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Strong silver grade over a significant width.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 203.0m at 1.12 g/t Au, 0.67% Cu, 3.70 g/t Ag from 48m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-033Beskauga South · goldGrade: 0.56Grade Unit: g/tIntercept: 751.5 mView all details
Link to this fact

Identity

Hole ID
BG-033
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.56
Grade Unit
g/t
Intercept
751.5 m
From
48.5 m
To
800 m
Intercept Depth
48.5 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-033:48.5-800
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept demonstrates significant gold mineralization over a substantial length, indicating a robust system, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Strong gold grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-033: 751.5m at 0.56 g/t Au, 0.25% Cu, 1.86 g/t Ag from 48.5m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-033Beskauga South · copperGrade: 0.25Grade Unit: %Intercept: 751.5 mView all details
Link to this fact

Identity

Hole ID
BG-033
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.25
Grade Unit
%
Intercept
751.5 m
From
48.5 m
To
800 m
Intercept Depth
48.5 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-033:48.5-800
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows moderate copper mineralization over a substantial length, contributing to the overall polymetallic nature, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Moderate copper grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-033: 751.5m at 0.56 g/t Au, 0.25% Cu, 1.86 g/t Ag from 48.5m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-033Beskauga South · silverGrade: 1.86Grade Unit: g/tIntercept: 751.5 mView all details
Link to this fact

Identity

Hole ID
BG-033
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.86
Grade Unit
g/t
Intercept
751.5 m
From
48.5 m
To
800 m
Intercept Depth
48.5 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-033:48.5-800
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows good silver mineralization over a substantial length, contributing to the overall polymetallic nature, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Good silver grade over a very long intercept.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-033: 751.5m at 0.56 g/t Au, 0.25% Cu, 1.86 g/t Ag from 48.5m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-064Beskauga South · goldGrade: 0.46Grade Unit: g/tIntercept: 616.2 mView all details
Link to this fact

Identity

Hole ID
BG-064
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.46
Grade Unit
g/t
Intercept
616.2 m
From
47.7 m
To
663.9 m
Intercept Depth
47.7 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-064:47.7-663.9
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows moderate gold mineralization over a substantial length, indicating a broad mineralized system, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Moderate gold grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-064: 616.2m at 0.46 g/t Au, 0.23% Cu, 1.14g/t Ag from 47.7m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-064Beskauga South · copperGrade: 0.23Grade Unit: %Intercept: 616.2 mView all details
Link to this fact

Identity

Hole ID
BG-064
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.23
Grade Unit
%
Intercept
616.2 m
From
47.7 m
To
663.9 m
Intercept Depth
47.7 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-064:47.7-663.9
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows moderate copper mineralization over a substantial length, indicating a broad mineralized system, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Moderate copper grade over a very long intercept for a porphyry deposit.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-064: 616.2m at 0.46 g/t Au, 0.23% Cu, 1.14g/t Ag from 47.7m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG-064Beskauga South · silverGrade: 1.14Grade Unit: g/tIntercept: 616.2 mView all details
Link to this fact

Identity

Hole ID
BG-064
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.14
Grade Unit
g/t
Intercept
616.2 m
From
47.7 m
To
663.9 m
Intercept Depth
47.7 m

Classification

Deposit Type
porphyry
Program
resource
Sample Type
drill
Group ID
BG-064:47.7-663.9
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This intercept shows good silver mineralization over a substantial length, contributing to the overall polymetallic nature, though the lack of true width information and the historical nature of the data reduce novelty.

Positive factors

  • Good silver grade over a very long intercept.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG-064: 616.2m at 0.46 g/t Au, 0.23% Cu, 1.14g/t Ag from 47.7m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

BG21007Beskauga South · goldGrade: 0.4Grade Unit: g/tIntercept: 1124.1 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
1124.1 m
From
46 m
To
1170.1 m
Intercept Depth
46 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:46-1170.1
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with good gold grades significantly expands the known mineralization beyond the historical resource, demonstrating strong exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Very long intercept with good gold grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21007: 1,124.1m at 0.40 g/t Au, 0.25% Cu, 1.69 g/t Ag from 46m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG21007Beskauga South · copperGrade: 0.25Grade Unit: %Intercept: 1124.1 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.25
Grade Unit
%
Intercept
1124.1 m
From
46 m
To
1170.1 m
Intercept Depth
46 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:46-1170.1
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with good copper grades significantly expands the known mineralization beyond the historical resource, demonstrating strong exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Very long intercept with good copper grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21007: 1,124.1m at 0.40 g/t Au, 0.25% Cu, 1.69 g/t Ag from 46m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG21007Beskauga South · silverGrade: 1.69Grade Unit: g/tIntercept: 1124.1 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.69
Grade Unit
g/t
Intercept
1124.1 m
From
46 m
To
1170.1 m
Intercept Depth
46 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:46-1170.1
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with good silver grades significantly expands the known mineralization beyond the historical resource, demonstrating strong exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Very long intercept with good silver grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG21007: 1,124.1m at 0.40 g/t Au, 0.25% Cu, 1.69 g/t Ag from 46m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG21007Beskauga South · goldGrade: 0.68Grade Unit: g/tIntercept: 107 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.68
Grade Unit
g/t
Intercept
107 m
From
50 m
To
157 m
Intercept Depth
50 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:50-157
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade gold intercept within a broader zone is a very strong result, indicating a valuable core to the deposit and significant exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Strong gold grade over a significant width, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 107.0m at 0.68 g/t Au, 0.52% Cu, 3.86 g/t Ag from 50m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG21007Beskauga South · copperGrade: 0.52Grade Unit: %Intercept: 107 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.52
Grade Unit
%
Intercept
107 m
From
50 m
To
157 m
Intercept Depth
50 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:50-157
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade copper intercept within a broader zone is a very strong result, indicating a valuable core to the deposit and significant exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Strong copper grade over a significant width, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 107.0m at 0.68 g/t Au, 0.52% Cu, 3.86 g/t Ag from 50m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG21007Beskauga South · silverGrade: 3.86Grade Unit: g/tIntercept: 107 mView all details
Link to this fact

Identity

Hole ID
BG21007
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
3.86
Grade Unit
g/t
Intercept
107 m
From
50 m
To
157 m
Intercept Depth
50 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG21007:50-157
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This strong silver intercept within a broader zone contributes significantly to the polymetallic value of the deposit and indicates exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Strong silver grade over a significant width, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 107.0m at 0.68 g/t Au, 0.52% Cu, 3.86 g/t Ag from 50m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · goldGrade: 0.29Grade Unit: g/tIntercept: 955 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.29
Grade Unit
g/t
Intercept
955 m
From
45 m
To
1000 m
Intercept Depth
45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:45-1000
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with moderate gold grades expands the known mineralization beyond the historical resource, indicating broad potential, though the lack of true width information reduces confidence slightly.

Positive factors

  • Very long intercept with moderate gold grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG22015: 955.0m at 0.29 g/t Au, 0.12% Cu, 0.97 g/t Ag from 45m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · copperGrade: 0.12Grade Unit: %Intercept: 955 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.12
Grade Unit
%
Intercept
955 m
From
45 m
To
1000 m
Intercept Depth
45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:45-1000
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with weak copper grades expands the known mineralization beyond the historical resource, indicating broad potential, though the low grade and lack of true width information reduce confidence.

Positive factors

  • Very long intercept with weak copper grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG22015: 955.0m at 0.29 g/t Au, 0.12% Cu, 0.97 g/t Ag from 45m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · silverGrade: 0.97Grade Unit: g/tIntercept: 955 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.97
Grade Unit
g/t
Intercept
955 m
From
45 m
To
1000 m
Intercept Depth
45 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:45-1000
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This extensive intercept with good silver grades expands the known mineralization beyond the historical resource, indicating broad potential, though the lack of true width information reduces confidence.

Positive factors

  • Very long intercept with good silver grade, extending mineralization outside the MRE.
  • Near-surface mineralization.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“BG22015: 955.0m at 0.29 g/t Au, 0.12% Cu, 0.97 g/t Ag from 45m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · goldGrade: 1.05Grade Unit: g/tIntercept: 17 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
gold
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.05
Grade Unit
g/t
Intercept
17 m
From
337 m
To
354 m
Intercept Depth
337 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:337-354
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade gold intercept within a broader zone is a strong result, indicating a valuable core to the deposit and significant exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Strong gold grade over a moderate width, extending mineralization outside the MRE.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 17.0m at 1.05 g/t Au, 0.37% Cu, 1.70 g/t Ag from 337m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · copperGrade: 0.37Grade Unit: %Intercept: 17 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
copper
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
0.37
Grade Unit
%
Intercept
17 m
From
337 m
To
354 m
Intercept Depth
337 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:337-354
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This high-grade copper intercept within a broader zone is a strong result, indicating a valuable core to the deposit and significant exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Strong copper grade over a moderate width, extending mineralization outside the MRE.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 17.0m at 1.05 g/t Au, 0.37% Cu, 1.70 g/t Ag from 337m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

BG22015Beskauga South · silverGrade: 1.7Grade Unit: g/tIntercept: 17 mView all details
Link to this fact

Identity

Hole ID
BG22015
Project
Beskauga South
Commodity
silver
Region
kazakhstan
Reported Region
kazakhstan
Ticker
MOG

Geometry

Grade
1.7
Grade Unit
g/t
Intercept
17 m
From
337 m
To
354 m
Intercept Depth
337 m

Classification

Deposit Type
porphyry
Program
exploration
Sample Type
drill
Group ID
BG22015:337-354
Mining Method
open_pit

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: This good silver intercept within a broader zone contributes to the polymetallic value of the deposit and indicates exploration upside, though the lack of true width information reduces confidence slightly.

Positive factors

  • Good silver grade over a moderate width, extending mineralization outside the MRE.

Negative factors

  • Apparent width only, true width not stated.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Incl. 17.0m at 1.05 g/t Au, 0.37% Cu, 1.70 g/t Ag from 337m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Resource Estimates (6)

indicatedBeskauga Main · copperTonnes: 111200000Grade: 0.3Grade Unit: %Contained Metal: 333.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
copper
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:be49a2ccccbca452f348
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
111200000
Grade
0.3
Grade Unit
%
Contained Metal
333.6
Contained Unit
kt
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A substantial indicated resource provides a strong foundation for the project, but its historical nature and the need for verification introduce some uncertainty.

Positive factors

  • Significant indicated resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Indicated: 111.2 Mt at 0.30% Cu, 0.49 g/t Au and 1.34 g/t Ag (containing 333.6 kt Cu, 1.8 Moz Au, 4.8 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

indicatedBeskauga Main · goldTonnes: 111200000Grade: 0.49Grade Unit: g/tContained Metal: 1.8Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
gold
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:be49a2ccccbca452f348
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
111200000
Grade
0.49
Grade Unit
g/t
Contained Metal
1.8
Contained Unit
moz
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A substantial indicated resource provides a strong foundation for the project, but its historical nature and the need for verification introduce some uncertainty.

Positive factors

  • Significant indicated resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Indicated: 111.2 Mt at 0.30% Cu, 0.49 g/t Au and 1.34 g/t Ag (containing 333.6 kt Cu, 1.8 Moz Au, 4.8 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

indicatedBeskauga Main · silverTonnes: 111200000Grade: 1.34Grade Unit: g/tContained Metal: 4.8Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
silver
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:be49a2ccccbca452f348
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
111200000
Grade
1.34
Grade Unit
g/t
Contained Metal
4.8
Contained Unit
moz
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A substantial indicated resource provides a strong foundation for the project, but its historical nature and the need for verification introduce some uncertainty.

Positive factors

  • Significant indicated resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.

Evidence · text

“Indicated: 111.2 Mt at 0.30% Cu, 0.49 g/t Au and 1.34 g/t Ag (containing 333.6 kt Cu, 1.8 Moz Au, 4.8 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

inferredBeskauga Main · copperTonnes: 92600000Grade: 0.24Grade Unit: %Contained Metal: 222.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
copper
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:a4543aee3c21d45540bb
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
92600000
Grade
0.24
Grade Unit
%
Contained Metal
222.2
Contained Unit
kt
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A large inferred resource indicates significant potential, but its lower confidence category and historical nature mean it cannot be relied upon for economic viability without further work.

Positive factors

  • Significant inferred resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.
  • Inferred resources have a great amount of uncertainty.

Evidence · text

“Inferred: 92.6 Mt at 0.24% Cu, 0.50 g/t Au and 1.14 g/t Ag (containing 222.2 kt Cu, 1.5 Moz Au, 3.4 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

inferredBeskauga Main · goldTonnes: 92600000Grade: 0.5Grade Unit: g/tContained Metal: 1.5Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
gold
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:a4543aee3c21d45540bb
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
92600000
Grade
0.5
Grade Unit
g/t
Contained Metal
1.5
Contained Unit
moz
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A large inferred resource indicates significant potential, but its lower confidence category and historical nature mean it cannot be relied upon for economic viability without further work.

Positive factors

  • Significant inferred resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.
  • Inferred resources have a great amount of uncertainty.

Evidence · text

“Inferred: 92.6 Mt at 0.24% Cu, 0.50 g/t Au and 1.14 g/t Ag (containing 222.2 kt Cu, 1.5 Moz Au, 3.4 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

inferredBeskauga Main · silverTonnes: 92600000Grade: 1.14Grade Unit: g/tContained Metal: 3.4Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Beskauga Main
Commodity
silver
Region
kazakhstan
Reported Region
Pavlodar Province, Republic of Kazakhstan
Ticker
MOG

Resource scope

Estimate type
resource
Effective date
2022-02-20T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
David Underwood, Matthew Dumala
Resource group id
resource:a4543aee3c21d45540bb
Deposit or zone
The Beskauga Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
92600000
Grade
1.14
Grade Unit
g/t
Contained Metal
3.4
Contained Unit
moz
Cutoff Grade
20
Cutoff Unit
US$/t GMV

Prior Estimate

Resource Date
2022-02-20

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-02-20T00:00:00.000Z

Dates

Event date
2026-02-27T00:00:00.000Z

Reasoning: A large inferred resource indicates significant potential, but its lower confidence category and historical nature mean it cannot be relied upon for economic viability without further work.

Positive factors

  • Significant inferred resource tonnage and contained metal.
  • NI 43-101 compliant estimate.

Negative factors

  • The estimate is historical and requires verification.
  • QP is not independent for NI 43-101 purposes.
  • Inferred resources have a great amount of uncertainty.

Evidence · text

“Inferred: 92.6 Mt at 0.24% Cu, 0.50 g/t Au and 1.14 g/t Ag (containing 222.2 kt Cu, 1.5 Moz Au, 3.4 Moz Ag)”

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 Disclosedpositive

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

Why it applies: cutoff_grade is 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

Stale Estimatenegative

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

Why it applies: effective date is 4.0 years before this release

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.