# NGEx Reports Q2 2026 Results; Phase 4 drilling delivers high grades and expands Lunahuasi Deposit Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045 Original source: https://money.tmx.com/en/quote/LUNR/news/7180688611080035/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l Publisher: tmx Original announcement: 2026-08-06T23:30:00.000Z 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, Production - Extracted: 2026-09-14 10:34:27 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary NGEx Minerals reported Q2 2026 results highlighted by significant Phase 4 drill results at the Lunahuasi project, including high-grade copper-equivalent intercepts and the expansion of the Saturn, Mars, and Jupiter zones. The company also reported a net loss of $20.0 million for the quarter and announced a corporate reorganization to spin off its Argentinian and Chilean assets. Reasoning: Phase 4 drilling delivered exceptional high-grade CuEq and gold intercepts, expanding several key zones and discovering a new high-grade area, significantly advancing the Lunahuasi project. - Positive factor: High-grade CuEq intercepts in Saturn, Mars, and Jupiter zones - Positive factor: Expansion of mineralized footprint and discovery of new high-grade zone - Positive factor: Strong continuity of high-grade gold quartz veins - Positive factor: Successful completion of Phase 4 drill program - Negative factor: Net loss reported for Q2 2026 Facts used in scoring: 7 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Drill Results (7) ### DPDH064 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-0) Lunahuasi · copper #### Identity - Hole ID: DPDH064 - Project: Lunahuasi - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 6.49 - Grade Unit: % - Intercept: 88 m #### Classification - Sample Type: drill - Group ID: DPDH064:88.0-88.0 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 8.65 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: High-grade copper intercept within a significant CuEq interval. - Positive factor: Exceptional copper grade Evidence · text > 88.00 metres at 8.65% CuEq \(6.49% Cu, 1.91 g/t Au, 87.8 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPDH064 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-1) Lunahuasi · gold #### Identity - Hole ID: DPDH064 - Project: Lunahuasi - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 1.91 - Grade Unit: g/t - Intercept: 88 m #### Classification - Sample Type: drill - Group ID: DPDH064:88.0-88.0 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 8.65 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Gold component of a high-grade CuEq intercept. Evidence · text > 88.00 metres at 8.65% CuEq \(6.49% Cu, 1.91 g/t Au, 87.8 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPDH064 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-2) Lunahuasi · silver #### Identity - Hole ID: DPDH064 - Project: Lunahuasi - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 87.8 - Grade Unit: g/t - Intercept: 88 m #### Classification - Sample Type: drill - Group ID: DPDH064:88.0-88.0 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 8.65 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Silver component of a high-grade CuEq intercept. Evidence · text > 88.00 metres at 8.65% CuEq \(6.49% Cu, 1.91 g/t Au, 87.8 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPDH064 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-3) Lunahuasi · copper #### Identity - Hole ID: DPDH064 - Project: Lunahuasi - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 24.33 - Grade Unit: % - Intercept: 15.65 m #### Classification - Sample Type: drill - Group ID: DPDH064:15.65-15.65 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 30.13 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Extremely high grade copper intercept. - Positive factor: Bonanza grade copper Evidence · text > 15.65 metres at 30.13% CuEq \(24.33% Cu, 4.72 g/t Au, 268.1 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPDH077 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-4) Lunahuasi · copper #### Identity - Hole ID: DPDH077 - Project: Lunahuasi - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 6.51 - Grade Unit: % - Intercept: 57.75 m #### Classification - Sample Type: drill - Group ID: DPDH077:57.75-57.75 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 9.41 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Strong copper grade in the Jupiter zone. - Positive factor: High grade copper intercept Evidence · text > 57.75 metres at 9.41% CuEq \(6.51% Cu, 2.50 g/t Au, 121.8 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPDH070 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-5) Lunahuasi · gold #### Identity - Hole ID: DPDH070 - Project: Lunahuasi - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 207.79 - Grade Unit: g/t - Intercept: 17.3 m #### Classification - Sample Type: drill - Group ID: DPDH070:17.3-17.3 #### QA/QC - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Very high grade gold intercept. - Positive factor: Exceptional gold grade Evidence · text > DPDH070 intersected 17.30 metres at 207.79 g/t Au #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ### DPGT004 [Link to this fact](https://atlas-extractions.minestarters.com/news/ngex-reports-q2-2026-results-phase-4-drilling-delivers-high-grades-and-expands-l--e055ff76-a486-4cbb-9253-2f588fd14045#fact-drill-facts-6) Lunahuasi · copper #### Identity - Hole ID: DPGT004 - Project: Lunahuasi - Commodity: copper - Region: argentina - Reported Region: argentina - Ticker: NGEX #### Geometry - Grade: 2.75 - Grade Unit: % - Intercept: 23.1 m #### Classification - Sample Type: drill - Group ID: DPGT004:23.1-23.1 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 4.72 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-08-06T00:00:00.000Z Reasoning: Discovery of a new high-grade zone east of Mars. - Positive factor: Discovery of new high-grade zone Evidence · text > DPGT004 discovered a new high-grade zone 300 metres east of Mars, intersecting 23.10 metres at 4.72% CuEq \(2.75% Cu, 2.08 g/t Au, 50.9 g/t Ag\) #### 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 **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The results obtained this season provide a strong foundation as we continue to move Lunahuasi forwards and will guide pl" ## 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.