NGEx Reports 2025 Results; Solidifies Lunahuasi as a Globally-significant High-grade System; Announces New Board Appointment
Original announcement by tmx on
- Company
- NGEx Minerals Ltd.
- Ticker
- NGEX
- Exchange
- TSX
- Region
- San Juan Province, Argentina
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Drill results, Capital raise, Other
- Extracted
- 2026-09-14 14:57:19 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
NGEx Minerals reported strong 2025 results, highlighted by high-grade copper-gold-silver drill intercepts from its Phase 4 program at the Lunahuasi project in Argentina. The company also successfully raised $175 million through a private placement and received environmental approval for a proposed exploration adit.
Reasoning: The release combines significant high-grade drill results from the Phase 4 campaign with a major capital raise and a key environmental permitting milestone.
Positive factors
- High-grade Phase 4 drill intercepts reported
- Successful $175M private placement
- Environmental approval received for exploration adit
- Expansion of mineralized footprint confirmed
Negative factors
- Ongoing net losses from exploration spending
Facts used in scoring: 6
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
DPDH048Lunahuasi · copperGrade: 0.73Grade Unit: %Intercept: 649 mView all detailsHide details
Identity
- Hole ID
- DPDH048
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 0.73
- Grade Unit
- %
- Intercept
- 649 m
Classification
- Sample Type
- drill
- Group ID
- DPDH048:0-649
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Large width intercept in the Saturn zone.
Positive factors
- Significant width
Evidence · text
“DPDH048 intersected 649.00 metres at 1.64% copper equivalent ("CuEq") (0.73% Cu, 1.00 g/t Au, and 20.1 g/t Ag)”
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
DPDH048Lunahuasi · goldGrade: 1Grade Unit: g/tIntercept: 649 mView all detailsHide details
Identity
- Hole ID
- DPDH048
- Project
- Lunahuasi
- Commodity
- gold
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 1
- Grade Unit
- g/t
- Intercept
- 649 m
Classification
- Sample Type
- drill
- Group ID
- DPDH048:0-649
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Gold component of a large CuEq intercept.
Evidence · text
“DPDH048 intersected 649.00 metres at 1.64% copper equivalent ("CuEq") (0.73% Cu, 1.00 g/t Au, and 20.1 g/t Ag)”
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
DPDH048Lunahuasi · silverGrade: 20.1Grade Unit: g/tIntercept: 649 mView all detailsHide details
Identity
- Hole ID
- DPDH048
- Project
- Lunahuasi
- Commodity
- silver
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 20.1
- Grade Unit
- g/t
- Intercept
- 649 m
Classification
- Sample Type
- drill
- Group ID
- DPDH048:0-649
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Silver component of a large CuEq intercept.
Evidence · text
“DPDH048 intersected 649.00 metres at 1.64% copper equivalent ("CuEq") (0.73% Cu, 1.00 g/t Au, and 20.1 g/t Ag)”
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
DPDH048Lunahuasi · copperGrade: 2.16Grade Unit: %Intercept: 126.55 mView all detailsHide details
Identity
- Hole ID
- DPDH048
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 2.16
- Grade Unit
- %
- Intercept
- 126.55 m
Classification
- Sample Type
- drill
- Group ID
- DPDH048:sub-126.55
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Very high grade sub-interval within the Saturn zone.
Positive factors
- High grade sub-interval
Evidence · text
“including 126.55 metres at 5.09% CuEq (2.16% Cu, 3.30 g/t Au, and 59.2 g/t Ag)”
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
DPDH051Lunahuasi · copperGrade: 10.98Grade Unit: %Intercept: 7.3 mView all detailsHide details
Identity
- Hole ID
- DPDH051
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 10.98
- Grade Unit
- %
- Intercept
- 7.3 m
Classification
- Sample Type
- drill
- Group ID
- DPDH051:sub-7.3
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Exceptional copper grade in a sub-interval.
Positive factors
- Extremely high grade
Evidence · text
“7.30 metres at 14.50% CuEq (10.98% Cu, 2.49 g/t Au, and 193.3 g/t Ag)”
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
DPDH054Lunahuasi · copperGrade: 12.7Grade Unit: %Intercept: 21.7 mView all detailsHide details
Identity
- Hole ID
- DPDH054
- Project
- Lunahuasi
- Commodity
- copper
- Region
- argentina
- Reported Region
- argentina
- Ticker
- NGEX
Geometry
- Grade
- 12.7
- Grade Unit
- %
- Intercept
- 21.7 m
Classification
- Sample Type
- drill
- Group ID
- DPDH054:sub-21.7
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-03-19T00:00:00.000Z
Reasoning: Very high grade core in the Mars zone.
Positive factors
- Extremely high grade
Evidence · text
“including 21.70 metres at 31.92% CuEq (12.70% Cu, 25.21 g/t Au, and 95.5 g/t Ag)”
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
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.