# NGEx Reports 2025 Results; Solidifies Lunahuasi as a Globally-significant High-grade System; Announces New Board Appointment Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774 Original source: https://money.tmx.com/en/quote/NGEX/news/7591258258586633/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr Publisher: tmx Original announcement: 2026-03-19T23:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: High-grade Phase 4 drill intercepts reported - Positive factor: Successful $175M private placement - Positive factor: Environmental approval received for exploration adit - Positive factor: Expansion of mineralized footprint confirmed - Negative factor: Ongoing net losses from exploration spending Facts used in scoring: 6 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### DPDH048 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-0) Lunahuasi · copper #### 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 factor: 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### DPDH048 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-1) Lunahuasi · gold #### 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### DPDH048 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-2) Lunahuasi · silver #### 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### DPDH048 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-3) Lunahuasi · copper #### 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 factor: 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### DPDH051 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-4) Lunahuasi · copper #### 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 factor: 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### DPDH054 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-2025-results-solidifies-lunahuasi-as-a-globally-significant-high-gr--204a7d16-71dd-4ad9-9f1a-f4aa09b62774#fact-drill-facts-5) Lunahuasi · copper #### 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 factor: 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.