# PL Gold Mine Restart Update Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/pl-gold-mine-restart-update--230b5e2d-f792-4213-88bd-0de1f442861d Original source: https://money.tmx.com/en/quote/MCI/news/8524220524485412/pl-gold-mine-restart-update Publisher: tmx Original announcement: 2026-09-10T21:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Minnova Corp. - Ticker: MCI - Exchange: TSX - Region: Manitoba - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-14 10:24:12 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Minnova Corp. has released its 2026 Mineral Resource Estimate for the PL Gold Mine in Manitoba, reporting 601,158 Measured & Indicated gold ounces at 4.98 g/t. The update highlights a high-grade open-pit resource \(5.28 g/t Au\) intended to support a mine restart and subsequent expansion. Reasoning: The 2026 MRE reports a high-grade gold resource with significant M&I tonnage and grade, supporting a restart strategy. - Positive factor: High-grade open pit resource \(5.28 g/t Au\) - Positive factor: Significant M&I gold ounces \(601,158 oz\) - Positive factor: QP sign-off provided - Positive factor: Expansion potential noted - Negative factor: Inferred component present Facts used in scoring: 4 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate was prepared under the supervision of a Qualified Person as defined under NI 43-101. Evidence · text > Qualified Person as defined under National Instrument 43-101 **QP/CP Signed** Polarity: positive Definition: 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: Nicholas Ross King is named as the Qualified Person for the MRE. Evidence · text > supervision of Nicholas Ross King... a Qualified Person **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource includes a significant Inferred component of 202,810 ounces. Evidence · text > and Inferred 202,810 Ounces Gold ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/pl-gold-mine-restart-update--230b5e2d-f792-4213-88bd-0de1f442861d#fact-resource-facts-0) PL Gold Mine · gold #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Nicholas Ross King, Ettienne Jaques Oosthuizen - Resource group id: resource:d6ea3784bae9d58d0209 - Deposit or zone: Open Pit - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 1288360 - Grade: 5.35 - Grade Unit: g/t - Contained Metal: 221575 - Contained Unit: oz - Cutoff Grade: 0.6 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-10T00:00:00.000Z Reasoning: Measured grade of 5.35 g/t is exceptional for an open pit resource. - Positive factor: High grade intercept Evidence · table > 5.35 Context: 1,288,360 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/pl-gold-mine-restart-update--230b5e2d-f792-4213-88bd-0de1f442861d#fact-resource-facts-1) PL Gold Mine · gold #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Nicholas Ross King, Ettienne Jaques Oosthuizen - Resource group id: resource:6ec12ea8ea20ef317223 - Deposit or zone: Open Pit - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 289750 - Grade: 4.99 - Grade Unit: g/t - Contained Metal: 46516 - Contained Unit: oz - Cutoff Grade: 0.6 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-10T00:00:00.000Z Reasoning: Indicated resource grade is strong. Evidence · table > 4.99 Context: 289,750 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/pl-gold-mine-restart-update--230b5e2d-f792-4213-88bd-0de1f442861d#fact-resource-facts-2) PL Gold Mine · gold #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Nicholas Ross King, Ettienne Jaques Oosthuizen - Resource group id: resource:a4cf6e4a2051d7b912dc - Deposit or zone: Underground - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 835239 - Grade: 4.26 - Grade Unit: g/t - Contained Metal: 114464 - Contained Unit: oz - Cutoff Grade: 1.92 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-10T00:00:00.000Z Reasoning: Solid indicated underground grade. Evidence · table > 4.26 Context: 835,239 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/pl-gold-mine-restart-update--230b5e2d-f792-4213-88bd-0de1f442861d#fact-resource-facts-3) PL Gold Mine · gold #### Identity - Project: PL Gold Mine - Commodity: gold - Region: canada\_mb - Reported Region: Manitoba - Ticker: MCI #### Resource scope - Estimate type: resource - Effective date: 2026-09-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Nicholas Ross King, Ettienne Jaques Oosthuizen - Resource group id: resource:ab0216bc3cc3bbc42131 - Deposit or zone: Total Resource - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1667132 - Grade: 3.78 - Grade Unit: g/t - Contained Metal: 202810 - Contained Unit: oz - Cutoff Grade: 0.06 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-10T00:00:00.000Z Reasoning: Inferred resource provides significant scale but lower confidence. - Negative factor: Inferred category Evidence · table > 3.78 Context: 1,667,132 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.