# Panoro Minerals Ltd. Announces Receipt of US$5.2 Million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372 Original source: https://money.tmx.com/en/quote/PML/news/8704525844089908/panoro-minerals-ltd-announces-receipt-of-us-5-2-million Publisher: tmx Original announcement: 2026-06-22T20:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Panoro Minerals Ltd. - Ticker: PML - Exchange: TSX - Region: Apurimac, Peru - Primary commodity: Copper - Secondary commodities: Gold, Silver, Molybdenum - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-14 18:40:08 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Panoro Minerals has received a US$5.2 million payment from a non-core asset sale, which will fund an expanded 45,000 m drilling program at the Cotabambas Project in Peru. The company also detailed its existing mineral resource, which includes significant copper, gold, and silver components. Reasoning: The company received a significant cash payment from a non-core asset sale to fund exploration, while also restating its substantial copper-gold-silver resource. - Positive factor: Receipt of US$5.2 million cash payment - Positive factor: Contingent payments tied to project NPV milestones - Positive factor: Expansion of drilling program to 45,000 m - Positive factor: Significant existing mineral resource base - Negative factor: Contingent payments are subject to future NPV thresholds Facts used in scoring: 14 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document restates the mineral resource for the Cotabambas Project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes ## Extracted facts Stored fact records: 14. Some facts used in scoring do not have a stored record. ## Resource Estimates (14) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-0) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:0d4bb1f809f136c73b28 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.33 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Standard indicated resource component of the project. Evidence · text > Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-1) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:0d4bb1f809f136c73b28 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.2 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Standard indicated resource component of the project. Evidence · text > 0.20 g/t gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-2) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:0d4bb1f809f136c73b28 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 2.42 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Standard indicated resource component of the project. Evidence · text > 2.42 g/t silver #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-3) Cotabambas · molybdenum #### Identity - Project: Cotabambas - Commodity: molybdenum - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:0d4bb1f809f136c73b28 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 507300000 - Grade: 0.0021 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Trace molybdenum component of the indicated resource. Evidence · text > 0.0021% molybdenum #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-4) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b6d8e323be2119c985c6 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.27 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Inferred resource component. Evidence · text > Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-5) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b6d8e323be2119c985c6 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.17 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Inferred resource component. Evidence · text > 0.17 g/t gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-6) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b6d8e323be2119c985c6 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 2.53 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Inferred resource component. Evidence · text > 2.53 g/t silver #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-7) Cotabambas · molybdenum #### Identity - Project: Cotabambas - Commodity: molybdenum - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b6d8e323be2119c985c6 - Deposit or zone: Cotabambas - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 496000000 - Grade: 0.0027 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: Trace molybdenum component of the inferred resource. Evidence · text > 0.0027% molybdenum #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-8) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7efbbc7a550395779902 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 0.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the indicated resource. Evidence · text > Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-9) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7efbbc7a550395779902 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 0.44 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the indicated resource. Evidence · text > 0.44 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-10) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7efbbc7a550395779902 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 129000000 - Grade: 4.12 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the indicated resource. Evidence · text > 4.12 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-11) Cotabambas · copper #### Identity - Project: Cotabambas - Commodity: copper - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a1c13a946298b4284118 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 0.59 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the inferred resource. Evidence · text > Inferred resources of an estimated 93.1 million tonnes grading 0.59% Cu #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-12) Cotabambas · gold #### Identity - Project: Cotabambas - Commodity: gold - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a1c13a946298b4284118 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 0.41 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the inferred resource. Evidence · text > 0.41 g/t Au #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/panoro-minerals-ltd-announces-receipt-of-us-5-2-million--a92837df-7c41-4611-89fb-1d0920364372#fact-resource-facts-13) Cotabambas · silver #### Identity - Project: Cotabambas - Commodity: silver - Region: peru - Reported Region: Apurimac, Peru - Ticker: PML #### Resource scope - Estimate type: resource - Effective date: 2023-11-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a1c13a946298b4284118 - Deposit or zone: higher-grade component - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 93100000 - Grade: 5.31 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2023-11-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-22T00:00:00.000Z Reasoning: High-grade component of the inferred resource. Evidence · text > 5.31 g/t Ag #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.6 years before this release ## 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.