# Orogen Royalties Provides Silicon Royalty Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/orogen-royalties-provides-silicon-royalty-update--578257c0-9e85-4393-a2b0-5ad1215ef133 Original source: https://money.tmx.com/en/quote/EVM/news/8958252606832051/orogen-royalties-provides-silicon-royalty-update Publisher: tmx Original announcement: 2023-02-23T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Orogen Royalties Inc. - Ticker: OGN - Exchange: TSX - Region: Nevada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 07:47:31 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Orogen Royalties announced an update to the Silicon gold project in Nevada, reporting total resources of 4.2 million ounces of gold. This represents a 25% increase over the 2022 estimate, with a notable conversion of resources from inferred to indicated categories. Reasoning: Significant increase in gold resource size and confidence, including a conversion of inferred resources to indicated. - Positive factor: Contained metal growth - Positive factor: Category upgrade - Positive factor: Tonnage growth Facts used in scoring: 2 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The release signals a full conversion from inferred resources announced in 2022 to indicated resources. Evidence · text > signaling a full conversion from inferred resources announced in 2022 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Total gold resources increased by 25% over the 2022 estimate. Evidence · text > 4.2 million ounces of gold at the Silicon deposit representing a 25% increase over 2022 estimate ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-provides-silicon-royalty-update--578257c0-9e85-4393-a2b0-5ad1215ef133#fact-resource-facts-0) Silicon · gold #### Identity - Project: Silicon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OGN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:c0143f75b9fe4016f46a #### Resource Data - Category: indicated - Tonnes: 121560000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 3.4 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-23T00:00:00.000Z Reasoning: Indicated resource reported with significant tonnage and grade. - Positive factor: Category upgrade Evidence · text > Indicated resources of 121.56 million tonnes grading 0.87 grams per tonne \("g/t"\) gold for 3.4 million ounces of contained gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **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 **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/orogen-royalties-provides-silicon-royalty-update--578257c0-9e85-4393-a2b0-5ad1215ef133#fact-resource-facts-1) Silicon · gold #### Identity - Project: Silicon - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: OGN #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:0f0f06f9bd29a6e150cd #### Resource Data - Category: inferred - Tonnes: 36030000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 0.8 - Contained Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-23T00:00:00.000Z Reasoning: Additional inferred resources reported. - Positive factor: Tonnage growth Evidence · text > Additional inferred resources of 36.03 million tonnes grading 0.70 g/t gold for 0.8 million ounces of contained 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 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 **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 **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 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. 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.