Panoro Minerals Defines High-Grade Strategy for Cotabambas Project

Original announcement by tmx on Mar 16, 2026

Bullish

Company: Panoro Minerals Ltd.
Ticker: PML
Exchange: TSX
Region: Peru
Primary commodity: Copper
Secondary commodities: Gold, Silver
Document categories: Drill results, Resource update
Extracted: 2026-09-14 18:49:16 UTC

Minestarters Atlas analysis

Summary

Panoro Minerals has announced a high-grade strategy for its Cotabambas Copper, Gold, Silver Project in Peru, aiming for a capital-efficient, short-payback open pit mine. The strategy includes a 15,000-meter drill program in 2026 focused on growing and upgrading high-grade resources, as well as testing new targets. The company highlights existing high-grade indicated and inferred resources and previous strong drill intercepts to support the program.

Reasoning: Panoro Minerals has outlined a clear high-grade strategy for its Cotabambas Project, supported by a significant planned drill program to expand and upgrade existing high-grade resources. This proactive approach, combined with strong existing resource figures and historical drill intercepts, is a positive step towards de-risking and advancing the project, despite the drill results being historical.

Positive factors

Clear strategy to focus on high-grade resources for project development.
Significant planned 15,000m drill program aimed at resource growth and category upgrade.
Existing high-grade indicated and inferred resources provide a strong foundation.
Project located in a mining-friendly jurisdiction with growing regional infrastructure.
CEO highlights simple metallurgy and low strip ratio, suggesting favorable economics.
Technical information reviewed and approved by a Qualified Person under NI 43-101.

Negative factors

Drill results presented in the tables are historical, not new assays from the current program.
True width of historical drill intercepts is not disclosed, potentially overstating apparent thickness.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 63

Classification and evidence

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The scientific and technical information in this news release has been reviewed and approved by Luis Vela, P.Geo., Vice President, Exploration, a "Qualified Person" under NI 43-101.

Evidence · text

“Luis Vela, P.Geo., Vice President, Exploration, a "Qualified Person" under NI 43-101.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The scientific and technical information in this news release has been reviewed and approved by Luis Vela, P.Geo., Vice President, Exploration, a "Qualified Person" under NI 43-101.

Evidence · text

“Luis Vela, P.Geo., Vice President, Exploration, a "Qualified Person" under NI 43-101.”

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The document reports 129.0 million tonnes of high-grade resource in the Indicated category.

Evidence · text

“129.0 million tonnes @ 0.70% Cu, 0.44 g/t Au, 4.12 g/t Ag (1.29% CuEq 1 ) Indicated category.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The document reports 93.1 million tonnes of high-grade resource in the Inferred category.

Evidence · text

“93.1 million tonnes @ 0.59% Cu, 0.41 g/t Au, 5.31 g/t Ag (1.17% CuEq 1 ) Inferred category.”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The 2026 exploration program is designed to "UPGRADE the high-grade to Indicated category".

Evidence · text

“UPGRADE the high-grade to Indicated category”

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The 2026 exploration program is designed to "GROW the high-grade component of the project resource".

Evidence · text

“GROW the high-grade component of the project resource”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill results presented in the tables are explicitly stated as "intersections were identified in previous drilling".

Evidence · text

“intersections were identified in previous drilling”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The drill intercepts are reported with 'Intersection (m)' but no mention of true width or drill orientation is provided.

Evidence · table

“Intersection (m)”

Context: Intersection (m)

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The planned 5,000 m of step-out drilling at the South Pit is targeting the growth of the high-grade resource to the south.

Evidence · text

“Step-Out Drilling at the South Pit, targeting the growth of the high-grade resource to the south”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The planned 5,000 m of infill drilling at the North Pit aims to upgrade additional high-grade resources to the Indicated category.

Evidence · text

“Infill Drilling at the North Pit to upgrade additional high-grade resources to the Indicated category”

Extracted facts

Stored fact records: 63. Some facts used in scoring do not have a stored record.

Drill Results (60)

CB-205Cotabambas · copperGrade: 0.65Grade Unit: %Intercept: 79.2 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-205
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.65
Grade Unit: %
Intercept: 79.2 m
From: 43.7 m
To: 122.9 m
Intercept Depth: 43.7 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-205:43.7-122.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows strong copper mineralization over a good width, indicating significant potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Strong copper grade (0.65%) over a significant width (79.2m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.3%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.65”

Context: 79.2

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-206Cotabambas · copperGrade: 0.56Grade Unit: %Intercept: 341.7 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-206
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.56
Grade Unit: %
Intercept: 341.7 m
From: 3.8 m
To: 345.4 m
Intercept Depth: 3.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-206:3.8-345.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept demonstrates exceptional width with strong copper mineralization, highlighting significant bulk tonnage potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional intercept length (341.7m) with strong copper grade (0.56%) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.1%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.56”

Context: 341.7

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-207Cotabambas · copperGrade: 0.56Grade Unit: %Intercept: 89.7 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-207
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.56
Grade Unit: %
Intercept: 89.7 m
From: 117.4 m
To: 207.1 m
Intercept Depth: 117.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-207:117.4-207.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Positive factors

Strong copper grade (0.56%) over a good width (89.7m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.3%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.56”

Context: 89.7

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212Cotabambas · copperGrade: 0.78Grade Unit: %Intercept: 74 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-212
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.78
Grade Unit: %
Intercept: 74 m
From: 0 m
To: 74 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212:0-74

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows strong, shallow copper mineralization over a good width, indicating significant open-pit potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Strong copper grade (0.78%) over a good width (74.0m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.3%) indicates strong overall metal endowment.
Shallow intercept from surface (0m) suggests potential for open-pit mining.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.78”

Context: 74.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · copperGrade: 0.62Grade Unit: %Intercept: 155.4 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.62
Grade Unit: %
Intercept: 155.4 m
From: 8.2 m
To: 163.6 m
Intercept Depth: 8.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:8.2-163.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows strong copper mineralization over a significant width, indicating substantial potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Strong copper grade (0.62%) over a significant width (155.4m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.2%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.62”

Context: 155.4

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · copperGrade: 0.87Grade Unit: %Intercept: 107.1 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.87
Grade Unit: %
Intercept: 107.1 m
From: 202.3 m
To: 309.4 m
Intercept Depth: 8.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:202.3-309.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows exceptional copper mineralization over a significant width, indicating very high-grade potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional copper grade (0.87%) over a significant width (107.1m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
Very high CuEq grade (2.0%) indicates exceptional overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.87”

Context: 107.1

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · copperGrade: 1.21Grade Unit: %Intercept: 117.7 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 1.21
Grade Unit: %
Intercept: 117.7 m
From: 91.4 m
To: 209.1 m
Intercept Depth: 91.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:91.4-209.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.5
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows exceptional copper mineralization over a significant width, representing very high-grade potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional copper grade (1.21%) over a significant width (117.7m) for a porphyry deposit (well above 75th percentile of 0.49% Cu).
Very high CuEq grade (2.5%) indicates exceptional overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“1.21”

Context: 117.7

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · copperGrade: 0.48Grade Unit: %Intercept: 14 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.48
Grade Unit: %
Intercept: 14 m
From: 231.6 m
To: 245.6 m
Intercept Depth: 91.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:231.6-245.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.2
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows a high CuEq grade driven by significant gold and silver, indicating good polymetallic potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

High CuEq grade (2.2%) indicates strong overall metal endowment, despite moderate copper grade.
High gold and silver grades contribute significantly to the CuEq.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.48%) is at the lower end of strong for porphyry.

Evidence · table

“0.48”

Context: 14.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-216Cotabambas · copperGrade: 0.8Grade Unit: %Intercept: 75.9 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-216
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.8
Grade Unit: %
Intercept: 75.9 m
From: 49.5 m
To: 125.4 m
Intercept Depth: 49.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-216:49.5-125.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Positive factors

Strong copper grade (0.80%) over a good width (75.9m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
Good CuEq grade (1.0%) indicates solid overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.80”

Context: 75.9

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212aCotabambas · copperGrade: 0.83Grade Unit: %Intercept: 198.6 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-212a
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.83
Grade Unit: %
Intercept: 198.6 m
From: 0 m
To: 198.6 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212a:0-198.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.9
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows exceptional, shallow copper mineralization over a significant width, highlighting strong open-pit potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional copper grade (0.83%) over a significant width (198.6m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
Very high CuEq grade (1.9%) indicates exceptional overall metal endowment.
Shallow intercept from surface (0m) suggests potential for open-pit mining.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.83”

Context: 198.6

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-217Cotabambas · copperGrade: 0.86Grade Unit: %Intercept: 34 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-217
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.86
Grade Unit: %
Intercept: 34 m
From: 21.6 m
To: 55.6 m
Intercept Depth: 21.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-217:21.6-55.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows strong copper mineralization over a moderate width, indicating good potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Strong copper grade (0.86%) over a moderate width (34.0m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
Good CuEq grade (1.0%) indicates solid overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.86”

Context: 34.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-224Cotabambas · copperGrade: 0.72Grade Unit: %Intercept: 316.9 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-224
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.72
Grade Unit: %
Intercept: 316.9 m
From: 3 m
To: 319.9 m
Intercept Depth: 3 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-224:3-319.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.5
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept demonstrates exceptional width with strong, shallow copper mineralization, highlighting significant bulk tonnage potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional intercept length (316.9m) with strong copper grade (0.72%) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.5%) indicates strong overall metal endowment.
Shallow intercept from surface (3m) suggests potential for open-pit mining.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.72”

Context: 316.9

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-195Cotabambas · copperGrade: 0.55Grade Unit: %Intercept: 195.8 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-195
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.55
Grade Unit: %
Intercept: 195.8 m
From: 35 m
To: 230.8 m
Intercept Depth: 35 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-195:35-230.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Positive factors

Strong copper grade (0.55%) over a significant width (195.8m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.3%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.55”

Context: 195.8

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · copperGrade: 0.65Grade Unit: %Intercept: 20.5 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.65
Grade Unit: %
Intercept: 20.5 m
From: 194.2 m
To: 214.7 m
Intercept Depth: 194.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:194.2-214.7

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.7
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Positive factors

Strong copper grade (0.65%) over a moderate width (20.5m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.7%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.65”

Context: 20.5

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · copperGrade: 0.6Grade Unit: %Intercept: 23.2 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.6
Grade Unit: %
Intercept: 23.2 m
From: 257.7 m
To: 280.8 m
Intercept Depth: 194.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:257.7-280.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Positive factors

Strong copper grade (0.60%) over a moderate width (23.2m) for a porphyry deposit (above 75th percentile of 0.49% Cu).
High CuEq grade (1.3%) indicates strong overall metal endowment.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.

Evidence · table

“0.60”

Context: 23.2

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-198Cotabambas · copperGrade: 0.43Grade Unit: %Intercept: 260 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-198
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.43
Grade Unit: %
Intercept: 260 m
From: 123 m
To: 382.9 m
Intercept Depth: 123 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-198:123-382.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows exceptional width with moderate copper grade, but high CuEq, indicating bulk tonnage potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Exceptional intercept length (260.0m) indicates significant bulk tonnage potential.
High CuEq grade (1.3%) indicates strong overall metal endowment, despite moderate copper grade.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.43%) is moderate for a porphyry deposit (below 75th percentile of 0.49% Cu).

Evidence · table

“0.43”

Context: 260.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-202Cotabambas · copperGrade: 0.48Grade Unit: %Intercept: 52.8 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-202
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.48
Grade Unit: %
Intercept: 52.8 m
From: 287.6 m
To: 340.4 m
Intercept Depth: 287.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-202:287.6-340.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows moderate copper grade over a good width, with a solid CuEq, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Good CuEq grade (1.1%) indicates solid overall metal endowment, despite moderate copper grade.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.48%) is moderate for a porphyry deposit (below 75th percentile of 0.49% Cu).

Evidence · table

“0.48”

Context: 52.8

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-204Cotabambas · copperGrade: 0.44Grade Unit: %Intercept: 95 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-204
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.44
Grade Unit: %
Intercept: 95 m
From: 332.8 m
To: 427.8 m
Intercept Depth: 332.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-204:332.8-427.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows moderate copper grade over a good width, with a solid CuEq, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Good CuEq grade (1.1%) indicates solid overall metal endowment, despite moderate copper grade.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.44%) is moderate for a porphyry deposit (below 75th percentile of 0.49% Cu).

Evidence · table

“0.44”

Context: 95.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-208Cotabambas · copperGrade: 0.44Grade Unit: %Intercept: 66.5 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-208
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.44
Grade Unit: %
Intercept: 66.5 m
From: 350 m
To: 416.5 m
Intercept Depth: 350 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-208:350-416.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows moderate copper grade over a good width, with a solid CuEq, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Good CuEq grade (1.2%) indicates solid overall metal endowment, despite moderate copper grade.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.44%) is moderate for a porphyry deposit (below 75th percentile of 0.49% Cu).

Evidence · table

“0.44”

Context: 66.5

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-215Cotabambas · copperGrade: 0.44Grade Unit: %Intercept: 114 mHistorical resultNeeds review: historical_restatementView all details

Link to this fact

Identity

Hole ID: CB-215
Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.44
Grade Unit: %
Intercept: 114 m
From: 397.5 m
To: 511.5 m
Intercept Depth: 397.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-215:397.5-511.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % CuEq
Assumptions Disclosed: Yes

Review

Needs Review: Yes
Review Reason: historical_restatement
Interp. Status: scored
Historical: Yes

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: This historical intercept shows significant width with moderate copper grade, but high CuEq, indicating bulk tonnage potential, but its historical nature and lack of true width reduce novelty and confidence.

Positive factors

Significant intercept length (114.0m) indicates bulk tonnage potential.
High CuEq grade (1.3%) indicates strong overall metal endowment, despite moderate copper grade.

Negative factors

Result is historical, not new.
True width not disclosed, so apparent width may overstate true thickness.
Copper grade (0.44%) is moderate for a porphyry deposit (below 75th percentile of 0.49% Cu).

Evidence · table

“0.44”

Context: 114.0

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

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-205Cotabambas · goldGrade: 0.44Grade Unit: g/tIntercept: 79.2 mView all details

Link to this fact

Identity

Hole ID: CB-205
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.44
Grade Unit: g/t
Intercept: 79.2 m
From: 43.7 m
To: 122.9 m
Intercept Depth: 43.7 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-205:43.7-122.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.44 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 34.8 g/t·m is moderate.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.44”

Context: CB-205

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-205Cotabambas · silverGrade: 5.19Grade Unit: g/tIntercept: 79.2 mView all details

Link to this fact

Identity

Hole ID: CB-205
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 5.19
Grade Unit: g/t
Intercept: 79.2 m
From: 43.7 m
To: 122.9 m
Intercept Depth: 43.7 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-205:43.7-122.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 5.19 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 411.0 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“5.19”

Context: CB-205

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-206Cotabambas · goldGrade: 0.4Grade Unit: g/tIntercept: 341.6 mView all details

Link to this fact

Identity

Hole ID: CB-206
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.4
Grade Unit: g/t
Intercept: 341.6 m
From: 3.8 m
To: 345.4 m
Intercept Depth: 3.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-206:3.8-345.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.4 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 136.6 g/t·m is strong (grade alone is moderate; the better of the two is used).

Positive factors

0.4 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.40”

Context: CB-206

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-206Cotabambas · silverGrade: 2.75Grade Unit: g/tIntercept: 341.6 mView all details

Link to this fact

Identity

Hole ID: CB-206
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.75
Grade Unit: g/t
Intercept: 341.6 m
From: 3.8 m
To: 345.4 m
Intercept Depth: 3.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-206:3.8-345.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.75 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 939.4 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.75”

Context: CB-206

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-207Cotabambas · goldGrade: 0.51Grade Unit: g/tIntercept: 89.7 mView all details

Link to this fact

Identity

Hole ID: CB-207
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.51
Grade Unit: g/t
Intercept: 89.7 m
From: 117.4 m
To: 207.1 m
Intercept Depth: 117.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-207:117.4-207.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.51 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 45.7 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

0.51 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.51”

Context: CB-207

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-207Cotabambas · silverGrade: 4.06Grade Unit: g/tIntercept: 89.7 mView all details

Link to this fact

Identity

Hole ID: CB-207
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 4.06
Grade Unit: g/t
Intercept: 89.7 m
From: 117.4 m
To: 207.1 m
Intercept Depth: 117.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-207:117.4-207.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 4.06 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 364.2 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.06”

Context: CB-207

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212Cotabambas · goldGrade: 0.33Grade Unit: g/tIntercept: 74 mView all details

Link to this fact

Identity

Hole ID: CB-212
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.33
Grade Unit: g/t
Intercept: 74 m
From: 0 m
To: 74 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212:0-74

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.33 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 24.4 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.33”

Context: CB-212

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212Cotabambas · silverGrade: 2.8Grade Unit: g/tIntercept: 74 mView all details

Link to this fact

Identity

Hole ID: CB-212
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.8
Grade Unit: g/t
Intercept: 74 m
From: 0 m
To: 74 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212:0-74

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 207.2 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.80”

Context: CB-212

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · goldGrade: 0.34Grade Unit: g/tIntercept: 155.4 mView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.34
Grade Unit: g/t
Intercept: 155.4 m
From: 8.2 m
To: 163.6 m
Intercept Depth: 8.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:8.2-163.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.34 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 52.8 g/t·m is moderate.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.34”

Context: CB-213

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · silverGrade: 4.43Grade Unit: g/tIntercept: 155.4 mView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 4.43
Grade Unit: g/t
Intercept: 155.4 m
From: 8.2 m
To: 163.6 m
Intercept Depth: 8.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:8.2-163.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 4.43 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 688.4 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.43”

Context: CB-213

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · goldGrade: 0.77Grade Unit: g/tIntercept: 107.1 mView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.77
Grade Unit: g/t
Intercept: 107.1 m
From: 202.3 m
To: 309.4 m
Intercept Depth: 202.3 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:202.3-309.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.77 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 82.5 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

0.77 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.77”

Context: CB-213

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-213Cotabambas · silverGrade: 4.24Grade Unit: g/tIntercept: 107.1 mView all details

Link to this fact

Identity

Hole ID: CB-213
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 4.24
Grade Unit: g/t
Intercept: 107.1 m
From: 202.3 m
To: 309.4 m
Intercept Depth: 202.3 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-213:202.3-309.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 4.24 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 454.1 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.24”

Context: CB-213

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · goldGrade: 0.82Grade Unit: g/tIntercept: 117.7 mView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.82
Grade Unit: g/t
Intercept: 117.7 m
From: 91.4 m
To: 209.1 m
Intercept Depth: 91.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:91.4-209.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.5
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.82 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 96.5 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

0.82 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.82”

Context: CB-214

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · silverGrade: 11.36Grade Unit: g/tIntercept: 117.7 mView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 11.36
Grade Unit: g/t
Intercept: 117.7 m
From: 91.4 m
To: 209.1 m
Intercept Depth: 91.4 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:91.4-209.1

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.5
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 11.36 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1337.1 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“11.36”

Context: CB-214

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · goldGrade: 0.96Grade Unit: g/tIntercept: 14 mView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.96
Grade Unit: g/t
Intercept: 14 m
From: 231.6 m
To: 245.6 m
Intercept Depth: 231.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:231.6-245.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.96 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 13.4 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

0.96 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.96”

Context: CB-214

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-214Cotabambas · silverGrade: 20.2Grade Unit: g/tIntercept: 14 mView all details

Link to this fact

Identity

Hole ID: CB-214
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 20.2
Grade Unit: g/t
Intercept: 14 m
From: 231.6 m
To: 245.6 m
Intercept Depth: 231.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-214:231.6-245.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 2.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 20.2 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 282.8 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“20.20”

Context: CB-214

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-216Cotabambas · goldGrade: 0.13Grade Unit: g/tIntercept: 75.9 mView all details

Link to this fact

Identity

Hole ID: CB-216
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.13
Grade Unit: g/t
Intercept: 75.9 m
From: 49.5 m
To: 125.4 m
Intercept Depth: 49.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-216:49.5-125.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.13 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 9.9 g/t·m is below.

Negative factors

0.13 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.13”

Context: CB-216

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-216Cotabambas · silverGrade: 2.48Grade Unit: g/tIntercept: 75.9 mView all details

Link to this fact

Identity

Hole ID: CB-216
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.48
Grade Unit: g/t
Intercept: 75.9 m
From: 49.5 m
To: 125.4 m
Intercept Depth: 49.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-216:49.5-125.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.48 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 188.2 g/t·m is below.

Negative factors

2.48 g/t silver is below the weak threshold (30 g/t) on the default band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.48”

Context: CB-216

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212aCotabambas · goldGrade: 0.74Grade Unit: g/tIntercept: 198.6 mView all details

Link to this fact

Identity

Hole ID: CB-212a
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.74
Grade Unit: g/t
Intercept: 198.6 m
From: 0 m
To: 198.6 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212a:0-198.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.9
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.74 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 147.0 g/t·m is strong.

Positive factors

0.74 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.74”

Context: CB-212a

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-212aCotabambas · silverGrade: 3.8Grade Unit: g/tIntercept: 198.6 mView all details

Link to this fact

Identity

Hole ID: CB-212a
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.8
Grade Unit: g/t
Intercept: 198.6 m
From: 0 m
To: 198.6 m
Intercept Depth: 0 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-212a:0-198.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.9
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.8 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 754.7 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.80”

Context: CB-212a

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-217Cotabambas · goldGrade: 0.1Grade Unit: g/tIntercept: 34 mView all details

Link to this fact

Identity

Hole ID: CB-217
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.1
Grade Unit: g/t
Intercept: 34 m
From: 21.6 m
To: 55.6 m
Intercept Depth: 21.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-217:21.6-55.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.1 g/t gold is below against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 3.4 g/t·m is below.

Negative factors

0.1 g/t gold is below the weak threshold (0.15 g/t) on the porphyry deposit band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.10”

Context: CB-217

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-217Cotabambas · silverGrade: 1.19Grade Unit: g/tIntercept: 34 mView all details

Link to this fact

Identity

Hole ID: CB-217
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 1.19
Grade Unit: g/t
Intercept: 34 m
From: 21.6 m
To: 55.6 m
Intercept Depth: 21.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-217:21.6-55.6

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 1.19 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 40.5 g/t·m is below.

Negative factors

1.19 g/t silver is below the weak threshold (30 g/t) on the default band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“1.19”

Context: CB-217

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-224Cotabambas · goldGrade: 0.5Grade Unit: g/tIntercept: 316.9 mView all details

Link to this fact

Identity

Hole ID: CB-224
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.5
Grade Unit: g/t
Intercept: 316.9 m
From: 3 m
To: 319.9 m
Intercept Depth: 3 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-224:3-319.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.5
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.5 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 158.4 g/t·m is strong.

Positive factors

0.5 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.50”

Context: CB-224

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-224Cotabambas · silverGrade: 4.01Grade Unit: g/tIntercept: 316.9 mView all details

Link to this fact

Identity

Hole ID: CB-224
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 4.01
Grade Unit: g/t
Intercept: 316.9 m
From: 3 m
To: 319.9 m
Intercept Depth: 3 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-224:3-319.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.5
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 4.01 g/t silver is moderate against the default band [500, 200, 100, 30] g/t. Grade×width 1270.8 g/t·m is moderate (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“4.01”

Context: CB-224

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-195Cotabambas · goldGrade: 0.52Grade Unit: g/tIntercept: 195.8 mView all details

Link to this fact

Identity

Hole ID: CB-195
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.52
Grade Unit: g/t
Intercept: 195.8 m
From: 35 m
To: 230.8 m
Intercept Depth: 35 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-195:35-230.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.52 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 101.8 g/t·m is strong.

Positive factors

0.52 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.52”

Context: CB-195

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-195Cotabambas · silverGrade: 2.88Grade Unit: g/tIntercept: 195.8 mView all details

Link to this fact

Identity

Hole ID: CB-195
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.88
Grade Unit: g/t
Intercept: 195.8 m
From: 35 m
To: 230.8 m
Intercept Depth: 35 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-195:35-230.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.88 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 563.9 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.88”

Context: CB-195

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · goldGrade: 0.73Grade Unit: g/tIntercept: 20.5 mView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.73
Grade Unit: g/t
Intercept: 20.5 m
From: 194.2 m
To: 214.7 m
Intercept Depth: 194.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:194.2-214.7

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.7
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.73 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 15.0 g/t·m is weak (grade alone is strong; the better of the two is used).

Positive factors

0.73 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.73”

Context: CB-196

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · silverGrade: 3.91Grade Unit: g/tIntercept: 20.5 mView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.91
Grade Unit: g/t
Intercept: 20.5 m
From: 194.2 m
To: 214.7 m
Intercept Depth: 194.2 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:194.2-214.7

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.7
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.91 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 80.2 g/t·m is below.

Negative factors

3.91 g/t silver is below the weak threshold (30 g/t) on the default band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.91”

Context: CB-196

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · goldGrade: 0.49Grade Unit: g/tIntercept: 23.1 mView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.49
Grade Unit: g/t
Intercept: 23.1 m
From: 257.7 m
To: 280.8 m
Intercept Depth: 257.7 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:257.7-280.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.49 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 11.3 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.49”

Context: CB-196

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-196Cotabambas · silverGrade: 3.41Grade Unit: g/tIntercept: 23.1 mView all details

Link to this fact

Identity

Hole ID: CB-196
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.41
Grade Unit: g/t
Intercept: 23.1 m
From: 257.7 m
To: 280.8 m
Intercept Depth: 257.7 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-196:257.7-280.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.41 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 78.8 g/t·m is below.

Negative factors

3.41 g/t silver is below the weak threshold (30 g/t) on the default band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.41”

Context: CB-196

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-198Cotabambas · goldGrade: 0.61Grade Unit: g/tIntercept: 259.9 mView all details

Link to this fact

Identity

Hole ID: CB-198
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.61
Grade Unit: g/t
Intercept: 259.9 m
From: 123 m
To: 382.9 m
Intercept Depth: 123 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-198:123-382.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.61 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 158.5 g/t·m is strong.

Positive factors

0.61 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.61”

Context: CB-198

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-198Cotabambas · silverGrade: 2.72Grade Unit: g/tIntercept: 259.9 mView all details

Link to this fact

Identity

Hole ID: CB-198
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.72
Grade Unit: g/t
Intercept: 259.9 m
From: 123 m
To: 382.9 m
Intercept Depth: 123 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-198:123-382.9

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.72 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 706.9 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.72”

Context: CB-198

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-202Cotabambas · goldGrade: 0.44Grade Unit: g/tIntercept: 52.8 mView all details

Link to this fact

Identity

Hole ID: CB-202
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.44
Grade Unit: g/t
Intercept: 52.8 m
From: 287.6 m
To: 340.4 m
Intercept Depth: 287.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-202:287.6-340.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.44 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 23.2 g/t·m is weak (grade alone is moderate; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.44”

Context: CB-202

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-202Cotabambas · silverGrade: 3.5Grade Unit: g/tIntercept: 52.8 mView all details

Link to this fact

Identity

Hole ID: CB-202
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.5
Grade Unit: g/t
Intercept: 52.8 m
From: 287.6 m
To: 340.4 m
Intercept Depth: 287.6 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-202:287.6-340.4

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.5 g/t silver is below against the default band [500, 200, 100, 30] g/t. Grade×width 184.8 g/t·m is below.

Negative factors

3.5 g/t silver is below the weak threshold (30 g/t) on the default band.
Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.50”

Context: CB-202

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-204Cotabambas · goldGrade: 0.45Grade Unit: g/tIntercept: 95 mView all details

Link to this fact

Identity

Hole ID: CB-204
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.45
Grade Unit: g/t
Intercept: 95 m
From: 332.8 m
To: 427.8 m
Intercept Depth: 332.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-204:332.8-427.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.45 g/t gold is moderate against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 42.8 g/t·m is moderate.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.45”

Context: CB-204

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-204Cotabambas · silverGrade: 3.13Grade Unit: g/tIntercept: 95 mView all details

Link to this fact

Identity

Hole ID: CB-204
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.13
Grade Unit: g/t
Intercept: 95 m
From: 332.8 m
To: 427.8 m
Intercept Depth: 332.8 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-204:332.8-427.8

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.1
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.13 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 297.3 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.13”

Context: CB-204

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-208Cotabambas · goldGrade: 0.54Grade Unit: g/tIntercept: 66.5 mView all details

Link to this fact

Identity

Hole ID: CB-208
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.54
Grade Unit: g/t
Intercept: 66.5 m
From: 350 m
To: 416.5 m
Intercept Depth: 350 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-208:350-416.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.54 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 35.9 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

0.54 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.54”

Context: CB-208

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-208Cotabambas · silverGrade: 3.68Grade Unit: g/tIntercept: 66.5 mView all details

Link to this fact

Identity

Hole ID: CB-208
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 3.68
Grade Unit: g/t
Intercept: 66.5 m
From: 350 m
To: 416.5 m
Intercept Depth: 350 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-208:350-416.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.2
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 3.68 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 244.7 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“3.68”

Context: CB-208

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-215Cotabambas · goldGrade: 0.6Grade Unit: g/tIntercept: 114 mView all details

Link to this fact

Identity

Hole ID: CB-215
Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 0.6
Grade Unit: g/t
Intercept: 114 m
From: 397.5 m
To: 511.5 m
Intercept Depth: 397.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-215:397.5-511.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 0.6 g/t gold is strong against the porphyry deposit band [1, 0.5, 0.3, 0.15] g/t. Grade×width 68.4 g/t·m is moderate (grade alone is strong; the better of the two is used).

Positive factors

0.6 g/t gold is strong on the porphyry deposit band.

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“0.60”

Context: CB-215

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

CB-215Cotabambas · silverGrade: 2.62Grade Unit: g/tIntercept: 114 mView all details

Link to this fact

Identity

Hole ID: CB-215
Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: peru
Ticker: PML

Geometry

Grade: 2.62
Grade Unit: g/t
Intercept: 114 m
From: 397.5 m
To: 511.5 m
Intercept Depth: 397.5 m

Classification

Deposit Type: porphyry
Sample Type: drill
Group ID: CB-215:397.5-511.5

QA/QC

QP Signed: Yes

Metal Equivalent

Metal Eq. Grade: 1.3
Metal Eq. Unit: % Cu-Eq
Assumptions Disclosed: Yes

Review

Needs Review: No
Interp. Status: scored
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: Expanded from assay table. 2.62 g/t silver is weak against the default band [500, 200, 100, 30] g/t. Grade×width 298.7 g/t·m is weak (grade alone is below; the better of the two is used).

Negative factors

Scored from rubric bands during table expansion, not from document context.

Evidence · table

“2.62”

Context: CB-215

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

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Panoro Minerals Defines High-Grade Strategy for Cotabambas Project Panoro Minerals Defines High-Grade Strategy for Cotab"

Resource Estimates (3)

inferredCotabambas · copperTonnes: 496000000Grade: 0.27Grade Unit: %View all details

Link to this fact

Identity

Project: Cotabambas
Commodity: copper
Region: peru
Reported Region: Peru
Ticker: PML

Resource scope

Estimate type: resource
Reporting standards: ni_43_101
QP Signed: Yes
Qualified person names: Luis Vela
Resource group id: resource:1d2f1058633d2445d068
Deposit or zone: overall resource
Mining method: open_pit

Resource Data

Category: inferred
Tonnes: 496000000
Grade: 0.27
Grade Unit: %

Prior Estimate

Resource Date: 2025-09-26

Metal Equivalent

Assumptions Disclosed: Yes

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: The overall inferred copper resource provides a large tonnage base for future exploration and conversion, but its inferred status implies lower confidence.

Positive factors

Large inferred copper resource base (496.0 Mt) indicates significant future potential.

Negative factors

Inferred category has lower geological confidence and cannot be used for economic studies without further drilling.

Evidence · text

“496.0 million tonnes @ 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag, Inferred.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredCotabambas · goldTonnes: 496000000Grade: 0.17Grade Unit: g/tView all details

Link to this fact

Identity

Project: Cotabambas
Commodity: gold
Region: peru
Reported Region: Peru
Ticker: PML

Resource scope

Estimate type: resource
Reporting standards: ni_43_101
QP Signed: Yes
Qualified person names: Luis Vela
Resource group id: resource:1d2f1058633d2445d068
Deposit or zone: overall resource
Mining method: open_pit

Resource Data

Category: inferred
Tonnes: 496000000
Grade: 0.17
Grade Unit: g/t

Prior Estimate

Resource Date: 2025-09-26

Metal Equivalent

Assumptions Disclosed: Yes

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: The gold component of the overall inferred resource adds value, but its inferred status implies lower confidence.

Positive factors

Gold provides additional value to the large inferred resource base.

Negative factors

Inferred category has lower geological confidence.

Evidence · text

“496.0 million tonnes @ 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag, Inferred.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

inferredCotabambas · silverTonnes: 496000000Grade: 2.53Grade Unit: g/tView all details

Link to this fact

Identity

Project: Cotabambas
Commodity: silver
Region: peru
Reported Region: Peru
Ticker: PML

Resource scope

Estimate type: resource
Reporting standards: ni_43_101
QP Signed: Yes
Qualified person names: Luis Vela
Resource group id: resource:1d2f1058633d2445d068
Deposit or zone: overall resource
Mining method: open_pit

Resource Data

Category: inferred
Tonnes: 496000000
Grade: 2.53
Grade Unit: g/t

Prior Estimate

Resource Date: 2025-09-26

Metal Equivalent

Assumptions Disclosed: Yes

Review

Needs Review: No
Historical: No

Dates

Event date: 2026-03-16T00:00:00.000Z

Reasoning: The silver component of the overall inferred resource adds byproduct value, but its inferred status implies lower confidence.

Positive factors

Silver provides byproduct credits to the large inferred resource base.

Negative factors

Inferred category has lower geological confidence.

Evidence · text

“496.0 million tonnes @ 0.27% Cu, 0.17 g/t Au, 2.53 g/t Ag, Inferred.”

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

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.