Pelangio Exploration Inc. Announces an Updated Mineral Resource Estimate for Its Manfo Gold Project, Ghana
Original announcement by tmx on
- Company
- Pelangio Exploration Inc.
- Ticker
- PX
- Exchange
- TSX
- Region
- Ghana
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-14 19:14:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pelangio Exploration Inc. announced an updated Mineral Resource Estimate for its Manfo Gold Project in Ghana, effective July 31, 2025. The estimate reports 441,000 ounces of gold in the Indicated category (1.16 g/t Au) and 396,000 ounces in the Inferred category (0.77 g/t Au). This represents a significant increase in contained gold ounces compared to the 2013 estimate, primarily due to a higher gold price assumption and lower cut-off grades, which also resulted in lower average grades. The update includes a new deposit, Nkansu, and the company plans further drilling to upgrade and expand the resource.
Reasoning: The updated resource shows substantial growth in contained gold ounces and an improved M&I percentage, which are positive for project scale and confidence. However, the lower average grades and the reliance on a significantly higher gold price and lower cut-off grades for the increase temper the overall positive impact. The addition of a new deposit and plans for further drilling are positive for future potential.
Positive factors
- Significant increase in contained gold ounces (126% Indicated, 395% Inferred) compared to the prior estimate, indicating substantial growth in the resource base.
- Upgrade in resource confidence with 52.6% of the total resource now in the Measured and Indicated categories.
- Addition of a fourth deposit (Nkansu) to the resource, expanding the project's footprint.
- The resource estimate is NI 43-101 compliant and signed off by independent Qualified Persons.
Negative factors
- Average gold grades decreased significantly (24% Indicated, 30% Inferred) compared to the prior estimate.
- The increase in contained metal is largely driven by a higher gold price assumption ($2,600/oz vs $1,450/oz) and lower cut-off grades, which includes lower-grade material.
- A substantial portion of the resource (396,000 oz) remains in the Inferred category, requiring further drilling to upgrade confidence.
- The prior 2013 estimate is explicitly stated as not compliant with current CIM standards, making direct comparison challenging despite the provided figures.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 46
Classification and evidence
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: The updated resource shows a 197% increase in Indicated tonnage and a 612% increase in Inferred tonnage compared to the prior estimate.
Evidence · table
“197”
Context: % Increase / Decrease
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The updated resource shows a 126% increase in Indicated contained gold and a 395% increase in Inferred contained gold compared to the prior estimate.
Evidence · table
“126”
Context: % Increase / Decrease
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Indicated mineral resource and the Inferred mineral resource are reported in accordance with Canadian Securities Administrators National Instrument 43-101.
Evidence · text
“The Indicated mineral resource and the Inferred mineral resource are reported in accordance with Canadian Securities Administrators National Instrument 43-101 – Standards of Disclosure for Mineral Projects”
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 Mineral Resource estimate was prepared by independent Qualified Persons Simon Meadows Smith and Andrew Netherwood of SEMS Technical Services Ltd. Ghana.
Evidence · text
“The Mineral Resource estimate was prepared by independent Qualified Persons Simon Meadows Smith (FIMMM # 49627) and Andrew Netherwood (MAusIMM #100463) of SEMS Technical Services Ltd. Ghana”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces an 'Updated Mineral Resource Estimate' for the Manfo Gold Project.
Evidence · text
“Pelangio Exploration Inc. Announces an Updated Mineral Resource Estimate for Its Manfo Gold Project, Ghana”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: A new model was created for the Nkansu deposit, which was largely drilled after the 2013 Maiden Resource, adding a fourth deposit to the Manfo total Resource.
Evidence · text
“A new model was created for the Nkansu deposit, which was largely drilled after the 2013 Maiden Resource, adding a fourth deposit to the Manfo total Resource.”
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The average gold grade decreased by 24% for Indicated and 30% for Inferred compared to the 2013 estimate.
Evidence · table
“-24”
Context: % Increase / Decrease
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: The 2025 estimate utilizes lower gold grade cut-off values (0.25/0.35 g/t Au) compared to 2013 (0.40/0.50 g/t Au).
Evidence · text
“gold cut-off grades were decreased from 2013 with 0.25 g/t Au for the oxides and 0.35 g/t Au for the transitional and fresh resource material (the majority of the resource) used in the 2025 Resource estimation versus 0.40 g/t Au for oxides and 0.50 g/t Au for transitional and fresh used in 2013.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the updated resource, 396,000 ounces, is in the Inferred category, which has a lower level of confidence.
Evidence · text
“396,000 ounces of gold at an average grade of 0.77 g/t Au and totalling 16,048,000 tonnes.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The 2013 Mineral Resource Estimate is explicitly stated as not compliant with today's CIM standards.
Evidence · text
“The 2013 Mineral Resource Estimate is not disclosed in a manner compliant with today's CIM standards.”
Extracted facts
Stored fact records: 46. Some facts used in scoring do not have a stored record.
Resource Estimates (46)
indicatedManfo Gold Project · goldTonnes: 55000Grade: 1.3Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:163b5d199b0b8df1c6db
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 55000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.4
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small indicated oxide resource, contributing minimally to the overall project scale. The grade is moderate for an open pit oxide resource.
Negative factors
- Low tonnage and contained metal for an indicated resource.
Evidence · table
“55”
Context: Oxide
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.4 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 458000Grade: 1.7Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:2ddeda7e6994157d9de3
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 458000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.5
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small indicated transition resource, contributing moderately to the overall project scale. The grade is good for an open pit resource.
Negative factors
- Relatively small tonnage and contained metal for an indicated resource.
Evidence · table
“458”
Context: Transition
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.5 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 11274000Grade: 1.14Grade Unit: g/tContained Metal: 414Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:75aebd590237a3afc44e
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11274000
- Grade
- 1.14
- Grade Unit
- g/t
- Contained Metal
- 414
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.5
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This fresh rock component represents the majority of the indicated resource, contributing significantly to the project's scale and confidence. The grade is moderate for an open pit resource.
Positive factors
- Significant tonnage and contained metal, forming the bulk of the indicated resource.
- Good grade for an open pit fresh rock resource.
Evidence · table
“11,274”
Context: Fresh
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.5 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 11787000Grade: 1.16Grade Unit: g/tContained Metal: 441000Contained Unit: ozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:590da95bcabd772969cf
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11787000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 441000
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Tonnes
- 3973000
- Prior Grade
- 1.52
- Prior Contained Metal
- 195
- Prior Cutoff Grade
- 0.4
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: The total indicated resource shows strong growth in contained metal and tonnage, which is a positive for project scale. However, the grade dilution and the reliance on lower cut-off grades due to a higher gold price assumption are notable factors.
Positive factors
- Significant increase in indicated contained gold (126%) and tonnage (197%) compared to the prior estimate, demonstrating substantial resource growth.
- The overall indicated resource is of moderate scale (441 koz) and grade (1.16 g/t Au) for an open pit project.
Negative factors
- Average grade decreased by 24% compared to the prior estimate, indicating dilution.
- Lower cut-off grades were used, contributing to the tonnage increase but also the grade dilution.
Evidence · table
“11,787”
Context: Totals
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 11787000 against 3973000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.16 against 1.52 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 441000 against 195 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.4 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 1024000Grade: 0.69Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:ceaa5ace2fd968c702c9
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1024000
- Grade
- 0.69
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.4
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred oxide resource with a weak grade for an open pit, contributing minimally to the overall project scale.
Negative factors
- Low grade and contained metal for an inferred resource.
Evidence · table
“1,024”
Context: Oxide
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.4 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 2017000Grade: 0.79Grade Unit: g/tContained Metal: 51Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:9868b505d6cae76a8bd1
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2017000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 51
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.5
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred transition resource with a weak grade for an open pit, contributing moderately to the overall project scale.
Negative factors
- Relatively small tonnage and contained metal for an inferred resource.
Evidence · table
“2,017”
Context: Transition
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.5 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 13007000Grade: 0.77Grade Unit: g/tContained Metal: 322Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:b8dc8d986304b58de43c
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 13007000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 322
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Cutoff Grade
- 0.5
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This fresh rock component represents the majority of the inferred resource, contributing significantly to the project's scale. However, the grade is weak for an open pit resource.
Positive factors
- Significant tonnage and contained metal, forming the bulk of the inferred resource.
Negative factors
- Weak grade for an open pit fresh rock resource.
Evidence · table
“13,007”
Context: Fresh
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.35 against 0.5 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 16048000Grade: 0.77Grade Unit: g/tContained Metal: 396000Contained Unit: ozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:62609ac393b695c1bc9a
- Mining method
- open_pit
- Material type
- Total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 16048000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 396000
- Contained Unit
- oz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
- Prior Tonnes
- 2253000
- Prior Grade
- 1.1
- Prior Contained Metal
- 80
- Prior Cutoff Grade
- 0.4
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: The total inferred resource shows very strong growth in contained metal and tonnage, which is positive for project scale. However, the significant grade dilution and the lower confidence category are important considerations.
Positive factors
- Very significant increase in inferred contained gold (395%) and tonnage (612%) compared to the prior estimate, demonstrating substantial resource growth.
- The overall inferred resource is of moderate scale (396 koz).
Negative factors
- Average grade decreased by 30% compared to the prior estimate, indicating significant dilution.
- Lower cut-off grades were used, contributing to the tonnage increase but also the grade dilution.
- Inferred resources have a lower level of confidence and cannot support economic studies alone.
Evidence · table
“16,048”
Context: Totals
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 16048000 against 2253000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.77 against 1.1 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 396000 against 80 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.25 against 0.4 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 41000Grade: 0.69Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:9cbec17225968ce042d8
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 41000
- Grade
- 0.69
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a very small indicated oxide resource within Pokukrom East, with a weak grade, contributing minimally to the overall resource.
Negative factors
- Very low tonnage and contained metal for an indicated resource.
- Weak grade for an open pit oxide resource.
Evidence · table
“41”
Context: Pokukrom East
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 302000Grade: 1.06Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:24895f609c1c8a6e4ec9
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 302000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small indicated transition resource within Pokukrom East, with a moderate grade, contributing modestly to the overall resource.
Negative factors
- Low tonnage and contained metal for an indicated resource.
Evidence · table
“302”
Context: Pokukrom East
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 10970000Grade: 1.11Grade Unit: g/tContained Metal: 391Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:1b5da37fc2f53ba933e3
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10970000
- Grade
- 1.11
- Grade Unit
- g/t
- Contained Metal
- 391
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This fresh rock component is the largest part of the indicated resource for Pokukrom East, providing significant scale and confidence. The grade is moderate for an open pit resource.
Positive factors
- Significant tonnage and contained metal, forming the bulk of the indicated resource for Pokukrom East.
- Good grade for an open pit fresh rock resource.
Evidence · table
“10,970”
Context: Pokukrom East
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 11313000Grade: 1.11Grade Unit: g/tContained Metal: 402000Contained Unit: ozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:e076b825a022fa4b07ba
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 11313000
- Grade
- 1.11
- Grade Unit
- g/t
- Contained Metal
- 402000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Pokukrom East is the primary contributor to the indicated resource, demonstrating significant scale and moderate grade, which is a key positive for the project.
Positive factors
- Pokukrom East is the largest deposit, accounting for 91% of the total Indicated resource.
- Moderate scale (402 koz) and grade (1.11 g/t Au) for an open pit indicated resource.
Evidence · table
“11,313”
Context: Pokukrom East
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 474000Grade: 0.65Grade Unit: g/tContained Metal: 10Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:b205d211c48f699144f2
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 474000
- Grade
- 0.65
- Grade Unit
- g/t
- Contained Metal
- 10
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred oxide resource within Pokukrom East, with a weak grade, contributing minimally to the overall resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit oxide resource.
Evidence · table
“474”
Context: Pokukrom East
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 922000Grade: 0.79Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:bbb4453ddf59accadaed
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 922000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred transition resource within Pokukrom East, with a weak grade, contributing modestly to the overall resource.
Negative factors
- Relatively small tonnage and contained metal for an inferred resource.
Evidence · table
“922”
Context: Pokukrom East
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 9482000Grade: 0.74Grade Unit: g/tContained Metal: 225Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:92f51372af9e772b954f
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9482000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 225
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This fresh rock component is a large part of the inferred resource for Pokukrom East, providing significant scale. However, the grade is weak for an open pit resource.
Positive factors
- Significant tonnage and contained metal, forming a large portion of the inferred resource for Pokukrom East.
Negative factors
- Weak grade for an open pit fresh rock resource.
Evidence · table
“9,482”
Context: Pokukrom East
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 10878000Grade: 0.74Grade Unit: g/tContained Metal: 258000Contained Unit: ozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:b3268c8117c1de5736ec
- Deposit or zone
- Pokukrom East
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 10878000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 258000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Pokukrom East is the largest contributor to the inferred resource, providing significant scale. However, the weak grade and lower confidence category are important considerations.
Positive factors
- Pokukrom East accounts for 65% of the total Inferred resource.
- Moderate scale (258 koz) for an open pit inferred resource.
Negative factors
- Weak grade (0.74 g/t Au) for an open pit inferred resource.
Evidence · table
“10,878”
Context: Pokukrom East
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 14000Grade: 3.06Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:22839e39376678974428
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 14000
- Grade
- 3.06
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a very small indicated oxide resource within Pokukrom West, but it boasts a high grade, which is a positive quality indicator.
Positive factors
- High grade for an open pit oxide resource.
Negative factors
- Very low tonnage and contained metal for an indicated resource.
Evidence · table
“14”
Context: Pokukrom West
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 156000Grade: 2.95Grade Unit: g/tContained Metal: 15Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:c8d9c36ab08495cd807d
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 156000
- Grade
- 2.95
- Grade Unit
- g/t
- Contained Metal
- 15
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small indicated transition resource within Pokukrom West, but it has a high grade, which is a positive quality indicator.
Positive factors
- High grade for an open pit transition resource.
Negative factors
- Low tonnage and contained metal for an indicated resource.
Evidence · table
“156”
Context: Pokukrom West
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 304000Grade: 2.31Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:cc0697de6b203749df63
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 304000
- Grade
- 2.31
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small indicated fresh rock resource within Pokukrom West, but it has a strong grade, which is a positive quality indicator.
Positive factors
- Strong grade for an open pit fresh rock resource.
Negative factors
- Low tonnage and contained metal for an indicated resource.
Evidence · table
“304”
Context: Pokukrom West
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 474000Grade: 2.54Grade Unit: g/tContained Metal: 39Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:62077ec55b461db60f12
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 474000
- Grade
- 2.54
- Grade Unit
- g/t
- Contained Metal
- 39
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Pokukrom West, while small, stands out for its high average grade in the indicated category, which is a strong positive quality indicator for this specific deposit.
Positive factors
- Pokukrom West is the highest grade of the four deposits, with a strong average grade (2.54 g/t Au) for an open pit indicated resource.
Negative factors
- Relatively small scale (39 koz) for an indicated resource.
Evidence · table
“474”
Context: Pokukrom West
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 43000Grade: 2.05Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:04c6a44324272fb2767b
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 43000
- Grade
- 2.05
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a very small inferred oxide resource within Pokukrom West, but it has a strong grade, which is a positive quality indicator.
Positive factors
- Strong grade for an open pit oxide resource.
Negative factors
- Very low tonnage and contained metal for an inferred resource.
Evidence · table
“43”
Context: Pokukrom West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 136000Grade: 1.27Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:c4dbbe24364c648971a6
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 136000
- Grade
- 1.27
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred transition resource within Pokukrom West, with a moderate grade, contributing modestly to the overall resource.
Positive factors
- Moderate grade for an open pit transition resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
Evidence · table
“136”
Context: Pokukrom West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 237000Grade: 1.96Grade Unit: g/tContained Metal: 15Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:d4ef4169b8c28a88717b
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 237000
- Grade
- 1.96
- Grade Unit
- g/t
- Contained Metal
- 15
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred fresh rock resource within Pokukrom West, but it has a strong grade, which is a positive quality indicator.
Positive factors
- Strong grade for an open pit fresh rock resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
Evidence · table
“237”
Context: Pokukrom West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 417000Grade: 1.75Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:e629951e5fb6a14d4fcd
- Deposit or zone
- Pokukrom West
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 417000
- Grade
- 1.75
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Pokukrom West's inferred resource, while small, has a strong average grade, which is a positive quality indicator for this specific deposit.
Positive factors
- Strong average grade (1.75 g/t Au) for an open pit inferred resource.
Negative factors
- Relatively small scale (23 koz) for an inferred resource.
Evidence · table
“417”
Context: Pokukrom West
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 355000Grade: 0.67Grade Unit: g/tContained Metal: 8Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:908de8d61ce69e02dab2
- Deposit or zone
- Nfante West
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 355000
- Grade
- 0.67
- Grade Unit
- g/t
- Contained Metal
- 8
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred oxide resource within Nfante West, with a weak grade, contributing minimally to the overall resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit oxide resource.
Evidence · table
“355”
Context: Nfante West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 675000Grade: 0.77Grade Unit: g/tContained Metal: 17Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:c3d1feafabd960e4bef5
- Deposit or zone
- Nfante West
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 675000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred transition resource within Nfante West, with a weak grade, contributing modestly to the overall resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit transition resource.
Evidence · table
“675”
Context: Nfante West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 1612000Grade: 0.75Grade Unit: g/tContained Metal: 39Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:801aa936b86bac6047fb
- Deposit or zone
- Nfante West
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1612000
- Grade
- 0.75
- Grade Unit
- g/t
- Contained Metal
- 39
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a small inferred fresh rock resource within Nfante West, with a weak grade, contributing modestly to the overall resource.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit fresh rock resource.
Evidence · table
“1,612”
Context: Nfante West
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 2642000Grade: 0.74Grade Unit: g/tContained Metal: 63Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:00c5537a9cbc7b434433
- Deposit or zone
- Nfante West
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2642000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 63
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Nfante West's resource is entirely inferred, indicating lower confidence, and has a weak grade and small scale, making it a less material component of the overall resource.
Negative factors
- Relatively small scale (63 koz) for an inferred resource.
- Weak grade (0.74 g/t Au) for an open pit inferred resource.
- The resource is entirely Inferred due to wider spaced drilling and lower demonstrated grade continuity.
Evidence · table
“2,642”
Context: Nfante West
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 152000Grade: 0.49Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:5e909dc1feb665f5f911
- Deposit or zone
- Nkansu
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 152000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a new, small inferred oxide resource within Nkansu, with a weak grade, contributing minimally to the overall resource. Its novelty is high as a new deposit.
Positive factors
- Nkansu is a new addition to the total resource at Manfo.
Negative factors
- Very low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit oxide resource.
Evidence · table
“152”
Context: Nkansu
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 284000Grade: 0.6Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:1bcc164f6373be2c163e
- Deposit or zone
- Nkansu
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 284000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a new, small inferred transition resource within Nkansu, with a weak grade, contributing modestly to the overall resource. Its novelty is high as a new deposit.
Positive factors
- Nkansu is a new addition to the total resource at Manfo.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit transition resource.
Evidence · table
“284”
Context: Nkansu
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 1676000Grade: 0.81Grade Unit: g/tContained Metal: 43Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:501a884e7186a316ea23
- Deposit or zone
- Nkansu
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1676000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 43
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This is a new, small inferred fresh rock resource within Nkansu, with a weak grade, contributing modestly to the overall resource. Its novelty is high as a new deposit.
Positive factors
- Nkansu is a new addition to the total resource at Manfo.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit fresh rock resource.
Evidence · table
“1,676”
Context: Nkansu
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredManfo Gold Project · goldTonnes: 2111000Grade: 0.76Grade Unit: g/tContained Metal: 51Contained Unit: kozView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Effective date
- 2025-07-31T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Simon Meadows Smith, Andrew Netherwood
- Resource group id
- resource:636957b80939ac7de1f6
- Deposit or zone
- Nkansu
- Mining method
- open_pit
- Material type
- Sub-total
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2111000
- Grade
- 0.76
- Grade Unit
- g/t
- Contained Metal
- 51
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-07-31
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: Nkansu is a new inferred resource, adding to the project's overall scale, but its entirely inferred nature and weak grade indicate lower confidence and materiality at this stage.
Positive factors
- Nkansu is a new addition to the total resource at Manfo, representing new potential.
- Moderate scale (51 koz) for an inferred resource.
Negative factors
- Weak grade (0.76 g/t Au) for an open pit inferred resource.
- The resource is entirely Inferred due to wider spaced drilling and lower demonstrated grade continuity.
Evidence · table
“2,111”
Context: Nkansu
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedManfo Gold Project · goldTonnes: 49000Grade: 0.96Grade Unit: g/tContained Metal: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:27ccaa3dd9f5ef6c1c3b
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 49000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical indicated oxide resource is very small with a weak grade, and its non-compliant nature reduces its credibility.
Negative factors
- Very low tonnage and contained metal for an indicated resource.
- Weak grade for an open pit oxide resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“49”
Context: Inside Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
indicatedManfo Gold Project · goldTonnes: 382000Grade: 1.96Grade Unit: g/tContained Metal: 24Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:d6c828ae50be92689b1c
- Material type
- transitional
Resource Data
- Category
- indicated
- Tonnes
- 382000
- Grade
- 1.96
- Grade Unit
- g/t
- Contained Metal
- 24
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical indicated transitional resource is small but has a strong grade. However, its non-compliant nature reduces its credibility.
Positive factors
- Strong grade for an open pit transitional resource.
Negative factors
- Low tonnage and contained metal for an indicated resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“382”
Context: Inside Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
indicatedManfo Gold Project · goldTonnes: 3543000Grade: 1.49Grade Unit: g/tContained Metal: 169Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:27fb7008d2aa6084476d
- Material type
- fresh
Resource Data
- Category
- indicated
- Tonnes
- 3543000
- Grade
- 1.49
- Grade Unit
- g/t
- Contained Metal
- 169
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical indicated fresh rock resource is of moderate scale and grade. However, its non-compliant nature reduces its credibility.
Positive factors
- Moderate tonnage and contained metal for an indicated resource.
- Moderate grade for an open pit fresh rock resource.
Negative factors
- This is a historical estimate not compliant with current standards.
Evidence · table
“3,543”
Context: Inside Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
indicatedManfo Gold Project · goldTonnes: 3973000Grade: 1.52Grade Unit: g/tContained Metal: 195000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:b3f5a0392f3865a09f10
- Material type
- Total
Resource Data
- Category
- indicated
- Tonnes
- 3973000
- Grade
- 1.52
- Grade Unit
- g/t
- Contained Metal
- 195000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical total indicated resource is of moderate scale and grade. However, its non-compliant nature significantly reduces its credibility and relevance for current evaluation.
Positive factors
- Moderate scale (195 koz) and grade (1.52 g/t Au) for an open pit indicated resource.
Negative factors
- This is a historical estimate not compliant with current standards.
Evidence · table
“3,973”
Context: Inside Pit
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 458000Grade: 1.07Grade Unit: g/tContained Metal: 16Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:659b215f4d1eea3c3e28
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 458000
- Grade
- 1.07
- Grade Unit
- g/t
- Contained Metal
- 16
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred oxide resource is small with a moderate grade, but its non-compliant nature and inferred category reduce its credibility.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Moderate grade for an open pit oxide resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“458”
Context: Inside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 876000Grade: 1.13Grade Unit: g/tContained Metal: 32Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:5d90490777f893f44ee5
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 876000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 32
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred transitional resource is small with a moderate grade, but its non-compliant nature and inferred category reduce its credibility.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Moderate grade for an open pit transitional resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“876”
Context: Inside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 918000Grade: 1.09Grade Unit: g/tContained Metal: 32Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:32d56490df335a2abc9c
- Material type
- fresh
Resource Data
- Category
- inferred
- Tonnes
- 918000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 32
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred fresh rock resource is small with a moderate grade, but its non-compliant nature and inferred category reduce its credibility.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Moderate grade for an open pit fresh rock resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“918”
Context: Inside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 2253000Grade: 1.1Grade Unit: g/tContained Metal: 80Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:32d8796b0fcbca43a1a2
- Material type
- Total
Resource Data
- Category
- inferred
- Tonnes
- 2253000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 80
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical total inferred resource is small and in a lower confidence category. Its non-compliant nature further reduces its credibility and relevance for current evaluation.
Negative factors
- Small scale (80 koz) for an inferred resource.
- Moderate grade (1.1 g/t Au) for an open pit inferred resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“2,253”
Context: Inside Pit
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 50000Grade: 0.68Grade Unit: g/tContained Metal: 1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:b4279eb95e074fa61e78
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 50000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred oxide resource, located outside the pit, is very small with a weak grade, and its non-compliant nature reduces its credibility.
Negative factors
- Very low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit oxide resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“50”
Context: Outside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 217000Grade: 0.72Grade Unit: g/tContained Metal: 5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:d9a54549ed22cf9cea3d
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 217000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred transitional resource, located outside the pit, is small with a weak grade, and its non-compliant nature reduces its credibility.
Negative factors
- Low tonnage and contained metal for an inferred resource.
- Weak grade for an open pit transitional resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“217”
Context: Outside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 7146000Grade: 0.93Grade Unit: g/tContained Metal: 213Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:7932f5a4aab11203f2c0
- Material type
- fresh
Resource Data
- Category
- inferred
- Tonnes
- 7146000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 213
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical inferred fresh rock resource, located outside the pit, is of significant scale but has a weak grade, and its non-compliant nature reduces its credibility.
Positive factors
- Significant tonnage and contained metal for an inferred resource.
Negative factors
- Weak grade for an open pit fresh rock resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“7,146”
Context: Outside Pit
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 7413000Grade: 0.92Grade Unit: g/tContained Metal: 218Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:c31175a33e8a0dba7d72
- Material type
- Total
Resource Data
- Category
- inferred
- Tonnes
- 7413000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 218
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical total inferred resource, located outside the pit, is of moderate scale but has a weak grade and is in a lower confidence category. Its non-compliant nature further reduces its credibility.
Positive factors
- Moderate scale (218 koz) for an inferred resource.
Negative factors
- Weak grade (0.92 g/t Au) for an open pit inferred resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“7,413”
Context: Outside Pit
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
indicatedManfo Gold Project · goldTonnes: 3973000Grade: 1.52Grade Unit: g/tContained Metal: 195000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:b3f5a0392f3865a09f10
- Material type
- Total
Resource Data
- Category
- indicated
- Tonnes
- 3973000
- Grade
- 1.52
- Grade Unit
- g/t
- Contained Metal
- 195000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical combined indicated resource is of moderate scale and grade. However, its non-compliant nature significantly reduces its credibility and relevance for current evaluation.
Positive factors
- Moderate scale (195 koz) and grade (1.52 g/t Au) for an open pit indicated resource.
Negative factors
- This is a historical estimate not compliant with current standards.
Evidence · table
“3,973”
Context: Grand Total
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 years before this release
inferredManfo Gold Project · goldTonnes: 9666000Grade: 0.96Grade Unit: g/tContained Metal: 298Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manfo Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- PX
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:f6cd75a2fb1c55e70028
- Material type
- Total
Resource Data
- Category
- inferred
- Tonnes
- 9666000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 298
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2013-05-17
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-05-17T00:00:00.000Z
Dates
- Event date
- 2025-08-20T00:00:00.000Z
Reasoning: This historical combined inferred resource is of moderate scale but has a weak grade and is in a lower confidence category. Its non-compliant nature further reduces its credibility.
Positive factors
- Moderate scale (298 koz) for an inferred resource.
Negative factors
- Weak grade (0.96 g/t Au) for an open pit inferred resource.
- This is a historical estimate not compliant with current standards.
Evidence · table
“9,666”
Context: Grand Total
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 12.3 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.