# Orogen Royalties Announces Expanded Silicon Project Royalty Resource Update and Webcast Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--2574f413-c6b6-4562-b8f4-140806def826 Original source: https://money.tmx.com/en/quote/EVM/news/4626015092342539/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and- Publisher: tmx Original announcement: 2024-02-26T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Orogen Royalties Inc. - Ticker: OGN - Exchange: TSX - Region: Nevada, USA - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update - Extracted: 2026-09-12 07:36:45 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Orogen Royalties announced an expanded resource for the Silicon Project in Nevada following an initial Inferred Resource declaration by project owner AngloGold Ashanti at the Merlin deposit. The Merlin deposit contains 9.05 million ounces of gold within 284 million tonnes at 0.99 g/t gold. This discovery is contiguous to the existing Silicon deposit, bringing the total project gold exposure to approximately 13.27 million ounces. Reasoning: The announcement of a new 9.05 Moz gold Inferred resource at the Merlin deposit significantly expands the project's total gold exposure for the royalty holder. - Positive factor: Significant discovery of 9.05 million ounces gold at Merlin deposit - Positive factor: Contiguous to previously announced Silicon deposit resource - Positive factor: Large-scale open pit potential with high annual production capacity - Positive factor: Oxide-ore domains suggest lower production costs - Negative factor: Resource is entirely Inferred category - Negative factor: Resource is pit-constrained Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Merlin deposit resource is reported entirely as Inferred. Evidence · text > initial Inferred Resource of 9.05 million ounces gold **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The Merlin deposit is described as an initial resource discovery. Evidence · text > announced an initial Inferred Resource ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--2574f413-c6b6-4562-b8f4-140806def826#fact-resource-facts-0) Expanded Silicon · gold #### Identity - Project: Expanded Silicon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OGN #### Resource scope - Estimate type: resource - QP Signed: No - Resource group id: resource:3c3b33d6b62dbeac4f8f - Deposit or zone: Merlin - Mining method: open\_pit - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 283900000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 9.05 - Contained Unit: moz - Cutoff Grade: 0.137 - Cutoff Unit: g/t gold #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Large scale gold discovery at a new deposit within the project area. - Positive factor: Significant scale of discovery - Negative factor: Entirely Inferred category Evidence · text > 9.05 million ounces gold \(283.9 Mt grading 0.99 g/t gold\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-announces-expanded-silicon-project-royalty-resource-update-and--2574f413-c6b6-4562-b8f4-140806def826#fact-resource-facts-1) Expanded Silicon · silver #### Identity - Project: Expanded Silicon - Commodity: silver - Region: usa\_nv - Reported Region: Nevada, USA - Ticker: OGN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:3c3b33d6b62dbeac4f8f - Deposit or zone: Merlin - Mining method: open\_pit - Material type: oxide - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 283900000 - Cutoff Grade: 0.137 - Cutoff Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2024-02-26T00:00:00.000Z Reasoning: Silver recovery factor mentioned as part of metallurgical assumptions for the resource. Evidence · text > 22% for silver was applied for mill material #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports ## 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.