Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential
Original announcement by prnewswire on
- Company
- Power Metallic Mines Inc.
- Ticker
- PNPN
- Exchange
- Unavailable
- Region
- Québec
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-12 00:17:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Power Metallic Mines Inc. has announced a high-grade maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, averaging ~3.9% CuEq with over 85% classified as Indicated. The resource, which starts at surface and remains open for expansion, includes significant contained copper, palladium, platinum, gold, silver, nickel, and cobalt. Locked-cycle metallurgical tests on Lion mineralization returned excellent copper recoveries above 98%, with high recoveries for other metals, supporting the project's economic potential.
Reasoning: The announcement presents a high-grade maiden resource for the Lion Zone with a high proportion of Indicated material and strong metallurgical results, significantly de-risking the project and highlighting its expansion potential, while also updating the Nisk resource.
Positive factors
- Maiden resource for Lion Zone
- High-grade polymetallic deposit (Lion)
- High percentage of Indicated resources (>85% for Lion)
- Mineralization starts at surface and remains open for expansion
- Excellent copper recoveries (>98%) and high recoveries for other metals (Pd, Pt, Au, Ag) from locked-cycle tests for Lion
- Project located in a region with good infrastructure and critical minerals incentives
- QP/CP signed off on the MRE
- NI 43-101 compliant
- Cut-off grades and metal equivalent assumptions are disclosed
- Metallurgical testwork covered different ore types (blended and low-grade composites)
Negative factors
- Lower metallurgical recoveries for some metals (e.g., Cu 44%, Pt 27%) for the Nisk deposit, as applied in its MRE
- Significant portion of the Nisk resource is Inferred
Facts used in scoring: 63
Classification and evidence
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: The document announces the 'inaugural mineral resource for the Lion Zone'.
Evidence · text
“inaugural mineral resource for the Lion Zone”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: Over 85% of the initial Lion resource is classified as Indicated, indicating high confidence.
Evidence · text
“Over 85% of the initial Lion resource is classified as Indicated”
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: Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is the independent Qualified Person responsible for the MRE.
Evidence · text
“Marc-Antoine Laporte, M.Sc., P.Geo. of SGS is the independent Qualified Person responsible for the MRE”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in accordance with National Instrument 43-101.
Evidence · text
“MRE was prepared by SGS Canada Inc. ("SGS") in accordance with National Instrument 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for both open pit and underground MREs are explicitly stated.
Evidence · text
“Mineral Resource Estimate at a cut-off grade of 0.35% CuEq for the open pit MRE and 0.90% CuEq for the underground MRE”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Locked-cycle testing returned copper recoveries above 98% for Lion mineralization.
Evidence · text
“copper recoveries above 98% across all composite samples tested”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Metallurgical test work involved locked-cycle flotation tests.
Evidence · text
“Locked-cycle testing completed by SGS Canada of representative mineralization from Lion has returned copper recoveries”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Metallurgical tests were conducted on a blended composite of high-grade and low-grade material, and a low-grade disseminated composite.
Evidence · text
“LCT1, on a blended composite of high-grade and low-grade material representative of run-of-mine feed, and LG2, on a low-grade composite of disseminated mineralization”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Lion resource includes 601,000 Mt Inferred material, and the Nisk resource has significant Inferred portions.
Evidence · text
“601,000 Mt Inferred at 4.01% CuEq”
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: The Nisk MRE applied recoveries for copper (44%) and platinum (27%) are below typical thresholds for flotation.
Evidence · text
“44% for Cu, 79% for Co, 27% for Pt and 67% for Pd for Nisk”
Critical Minerals Projectpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Copper, nickel, cobalt, platinum, and palladium are all included on critical minerals lists by various governments.
Evidence · text
“Copper, platinum, palladium, nickel and cobalt are each included on the critical minerals lists of Québec, Canada, the United States and the European Union”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 63. Some facts used in scoring do not have a stored record.
Resource Estimates (56)
indicatedNisk Project · nickelTonnes: 2782000Grade: 5.01Grade Unit: %Contained Metal: 126.74Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 5.01
- Grade Unit
- %
- Contained Metal
- 126.74
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“5.01”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · copperTonnes: 2782000Grade: 90.04Grade Unit: %Contained Metal: 211.24Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 90.04
- Grade Unit
- %
- Contained Metal
- 211.24
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a significant portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“90.04”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · cobaltTonnes: 2782000Grade: 0.22Grade Unit: %Contained Metal: 0.22Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 0.22
- Grade Unit
- %
- Contained Metal
- 0.22
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with cobalt as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“0.22”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · platinumTonnes: 2782000Grade: 76000Grade Unit: g/tContained Metal: 76000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 76000
- Grade Unit
- g/t
- Contained Metal
- 76000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with platinum as a valuable component of the polymetallic deposit.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“76,000”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · palladiumTonnes: 2782000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 210000
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with palladium as a valuable component of the polymetallic deposit.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“210,000”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · goldTonnes: 2782000Grade: 37000Grade Unit: g/tContained Metal: 37000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 37000
- Grade Unit
- g/t
- Contained Metal
- 37000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with gold as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“37,000”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · silverTonnes: 2782000Grade: 1042000Grade Unit: g/tContained Metal: 1042000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:15194aa690cedf9a0fb1
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2782000
- Grade
- 1042000
- Grade Unit
- g/t
- Contained Metal
- 1042000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 211.24
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with silver as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“1,042,000”
Context: 2,782,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · nickelTonnes: 100000Grade: 0.16Grade Unit: %Contained Metal: 3.12Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 3.12
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.16”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · copperTonnes: 100000Grade: 2.41Grade Unit: %Contained Metal: 5.19Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 2.41
- Grade Unit
- %
- Contained Metal
- 5.19
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.41”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · cobaltTonnes: 100000Grade: 0.01Grade Unit: %Contained Metal: 0.01Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.01
- Grade Unit
- %
- Contained Metal
- 0.01
- Contained Unit
- mlb
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with cobalt as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.01”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · platinumTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1000
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with platinum as a valuable component but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1,000”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · palladiumTonnes: 100000Grade: 4000Grade Unit: g/tContained Metal: 4000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 4000
- Grade Unit
- g/t
- Contained Metal
- 4000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with palladium as a valuable component but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“4,000”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · goldTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1000
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with gold as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1,000”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · silverTonnes: 100000Grade: 31000Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:335701075624de2b8b4f
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 31000
- Grade Unit
- g/t
- Contained Metal
- 31000
- Contained Unit
- oz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 5.19
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with silver as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“31,000”
Context: 100,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · nickelTonnes: 1363000Grade: 3.98Grade Unit: %Contained Metal: 84.94Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 3.98
- Grade Unit
- %
- Contained Metal
- 84.94
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“3.98”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · copperTonnes: 1363000Grade: 63.03Grade Unit: %Contained Metal: 141.57Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 63.03
- Grade Unit
- %
- Contained Metal
- 141.57
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a significant portion of the maiden Indicated resource for the Lion Zone, with disclosed assumptions.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“63.03”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · cobaltTonnes: 1363000Grade: 0.21Grade Unit: %Contained Metal: 0.21Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 0.21
- Grade Unit
- %
- Contained Metal
- 0.21
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with cobalt as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“0.21”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · platinumTonnes: 1363000Grade: 38000Grade Unit: g/tContained Metal: 38000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 38000
- Grade Unit
- g/t
- Contained Metal
- 38000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with platinum as a valuable component of the polymetallic deposit.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“38,000”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · palladiumTonnes: 1363000Grade: 138000Grade Unit: g/tContained Metal: 138000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 138000
- Grade Unit
- g/t
- Contained Metal
- 138000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with palladium as a valuable component of the polymetallic deposit.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“138,000”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · goldTonnes: 1363000Grade: 27000Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 27000
- Grade Unit
- g/t
- Contained Metal
- 27000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with gold as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“27,000”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · silverTonnes: 1363000Grade: 585000Grade Unit: g/tContained Metal: 585000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:bcce4a097c39a3c32e90
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1363000
- Grade
- 585000
- Grade Unit
- g/t
- Contained Metal
- 585000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 141.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Indicated resource for the Lion Zone, with silver as a byproduct metal.
Positive factors
- Maiden resource for Lion Zone
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“585,000”
Context: 1,363,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · nickelTonnes: 501000Grade: 1.51Grade Unit: %Contained Metal: 28.77Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 1.51
- Grade Unit
- %
- Contained Metal
- 28.77
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.51”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · copperTonnes: 501000Grade: 22.02Grade Unit: %Contained Metal: 47.95Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 22.02
- Grade Unit
- %
- Contained Metal
- 47.95
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the maiden Inferred resource for the Lion Zone, with disclosed assumptions but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“22.02”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · cobaltTonnes: 501000Grade: 0.08Grade Unit: %Contained Metal: 0.08Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 0.08
- Contained Unit
- mlb
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with cobalt as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.08”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · platinumTonnes: 501000Grade: 10000Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 10000
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with platinum as a valuable component but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“10,000”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · palladiumTonnes: 501000Grade: 51000Grade Unit: g/tContained Metal: 51000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 51000
- Grade Unit
- g/t
- Contained Metal
- 51000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with palladium as a valuable component but lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“51,000”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · goldTonnes: 501000Grade: 7000Grade Unit: g/tContained Metal: 7000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 7000
- Grade Unit
- g/t
- Contained Metal
- 7000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with gold as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“7,000”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · silverTonnes: 501000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:72e91a123bbfd027ec92
- Deposit or zone
- Lion
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 210000
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 0.9
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 47.95
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the maiden Inferred resource for the Lion Zone, with silver as a byproduct metal and lower confidence.
Positive factors
- Maiden resource for Lion Zone
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“210,000”
Context: 501,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · nickelTonnes: 607000Grade: 7.99Grade Unit: %Contained Metal: 13.49Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 7.99
- Grade Unit
- %
- Contained Metal
- 13.49
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 1.01
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“7.99”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · copperTonnes: 607000Grade: 4.66Grade Unit: %Contained Metal: 22.47Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 4.66
- Grade Unit
- %
- Contained Metal
- 22.47
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 1.68
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“4.66”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · cobaltTonnes: 607000Grade: 0.53Grade Unit: %Contained Metal: 0.53Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.53
- Grade Unit
- %
- Contained Metal
- 0.53
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with cobalt as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“0.53”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · platinumTonnes: 607000Grade: 2000Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 2000
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with platinum as a valuable component.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“2,000”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · palladiumTonnes: 607000Grade: 10000Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 10000
- Grade Unit
- g/t
- Contained Metal
- 10000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with palladium as a valuable component.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“10,000”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · goldTonnes: 607000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 1000
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with gold as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“1,000”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · silverTonnes: 607000Grade: 43000Grade Unit: g/tContained Metal: 43000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e6b8ae75e32d75587bcb
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 43000
- Grade Unit
- g/t
- Contained Metal
- 43000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with silver as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“43,000”
Context: 607,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · nickelTonnes: 210000Grade: 2.5Grade Unit: %Contained Metal: 3.99Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 2.5
- Grade Unit
- %
- Contained Metal
- 3.99
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 0.86
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.50”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · copperTonnes: 210000Grade: 1.03Grade Unit: %Contained Metal: 6.66Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 1.03
- Grade Unit
- %
- Contained Metal
- 6.66
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 1.44
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.03”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · cobaltTonnes: 210000Grade: 0.16Grade Unit: %Contained Metal: 0.16Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 0.16
- Contained Unit
- mlb
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with cobalt as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.16”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · platinumTonnes: 210000Grade: 500Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 500
- Grade Unit
- g/t
- Contained Metal
- 500
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with platinum as a valuable component but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“500”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · palladiumTonnes: 210000Grade: 3000Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 3000
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with palladium as a valuable component but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“3,000”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · goldTonnes: 210000Grade: 200Grade Unit: g/tContained Metal: 200Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 200
- Grade Unit
- g/t
- Contained Metal
- 200
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with gold as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“200”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · silverTonnes: 210000Grade: 14000Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ad1433ed4dc4fa5c7c60
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 14000
- Grade Unit
- g/t
- Contained Metal
- 14000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with silver as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“14,000”
Context: 210,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · nickelTonnes: 2096000Grade: 44.44Grade Unit: %Contained Metal: 76.13Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 44.44
- Grade Unit
- %
- Contained Metal
- 76.13
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 1.65
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“44.44”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · copperTonnes: 2096000Grade: 24.52Grade Unit: %Contained Metal: 126.89Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 24.52
- Grade Unit
- %
- Contained Metal
- 126.89
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 2.75
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the updated Indicated resource for the Nisk Main deposit, with disclosed assumptions.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Evidence · table
“24.52”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · cobaltTonnes: 2096000Grade: 2.83Grade Unit: %Contained Metal: 2.83Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 2.83
- Grade Unit
- %
- Contained Metal
- 2.83
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with cobalt as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“2.83”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · platinumTonnes: 2096000Grade: 14000Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 14000
- Grade Unit
- g/t
- Contained Metal
- 14000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with platinum as a valuable component.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“14,000”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · palladiumTonnes: 2096000Grade: 61000Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 61000
- Grade Unit
- g/t
- Contained Metal
- 61000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with palladium as a valuable component.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“61,000”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · goldTonnes: 2096000Grade: 3000Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 3000
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with gold as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“3,000”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedNisk Project · silverTonnes: 2096000Grade: 135000Grade Unit: g/tContained Metal: 135000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a961e54bb475bb50b63a
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 135000
- Grade Unit
- g/t
- Contained Metal
- 135000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Indicated resource for the Nisk Main deposit, with silver as a byproduct metal.
Positive factors
- Updated resource
- High confidence category (Indicated)
- QP/CP signed
- NI 43-101 compliant
Evidence · table
“135,000”
Context: 2,096,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · nickelTonnes: 1806000Grade: 39.17Grade Unit: %Contained Metal: 69.06Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 39.17
- Grade Unit
- %
- Contained Metal
- 69.06
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 1.73
- Metal Eq. Unit
- % NiEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the nickel equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“39.17”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · copperTonnes: 1806000Grade: 22.53Grade Unit: %Contained Metal: 115.09Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 22.53
- Grade Unit
- %
- Contained Metal
- 115.09
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Metal Eq. Grade
- 2.89
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is the copper equivalent grade for a portion of the updated Inferred resource for the Nisk Main deposit, with disclosed assumptions but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
- Metal equivalent assumptions disclosed
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“22.53”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · cobaltTonnes: 1806000Grade: 2.5Grade Unit: %Contained Metal: 2.5Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 2.5
- Grade Unit
- %
- Contained Metal
- 2.5
- Contained Unit
- mlb
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with cobalt as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.50”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · platinumTonnes: 1806000Grade: 15000Grade Unit: g/tContained Metal: 15000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 15000
- Grade Unit
- g/t
- Contained Metal
- 15000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with platinum as a valuable component but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“15,000”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · palladiumTonnes: 1806000Grade: 61000Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 61000
- Grade Unit
- g/t
- Contained Metal
- 61000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with palladium as a valuable component but lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“61,000”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · goldTonnes: 1806000Grade: 2000Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 2000
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with gold as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2,000”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredNisk Project · silverTonnes: 1806000Grade: 91000Grade Unit: g/tContained Metal: 91000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Effective date
- 2026-06-19T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc, sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f4de004cdfeb65e6b6cd
- Deposit or zone
- Nisk Main
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 91000
- Grade Unit
- g/t
- Contained Metal
- 91000
- Contained Unit
- oz
- Cutoff Grade
- 0.8
- Cutoff Unit
- % NiEq
Prior Estimate
- Resource Date
- 2026-06-19
Metal Equivalent
- Assumptions Disclosed
- Yes
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: This is a portion of the updated Inferred resource for the Nisk Main deposit, with silver as a byproduct metal and lower confidence.
Positive factors
- Updated resource
- QP/CP signed
- NI 43-101 compliant
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“91,000”
Context: 1,806,000
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
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (7)
flotationNisk Project · copperRecovery: 98.5 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- copper
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 98.5 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: High copper recovery applied in the MRE for Lion, reflecting strong metallurgical expectations.
Positive factors
- High recovery
Evidence · table
“98.5 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98.5% is at or above the exceptional band (92%)
flotationNisk Project · nickelRecovery: 63 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- nickel
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 63 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Moderate nickel recovery applied in the MRE for Lion.
Evidence · table
“63 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 63% is below the weak band (75%)
flotationNisk Project · palladiumRecovery: 92 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- palladium
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 92 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: High palladium recovery applied in the MRE for Lion, reflecting strong metallurgical expectations.
Positive factors
- High recovery
Evidence · table
“92 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
flotationNisk Project · platinumRecovery: 90 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- platinum
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 90 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: High platinum recovery applied in the MRE for Lion, reflecting strong metallurgical expectations.
Positive factors
- High recovery
Evidence · table
“90 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
flotationNisk Project · goldRecovery: 84 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- gold
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 84 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Strong gold recovery applied in the MRE for Lion, reflecting good metallurgical expectations.
Positive factors
- Strong recovery
Evidence · table
“84 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
flotationNisk Project · silverRecovery: 82 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- silver
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 82 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Strong silver recovery applied in the MRE for Lion, reflecting good metallurgical expectations.
Positive factors
- Strong recovery
Evidence · table
“82 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
flotationNisk Project · cobaltRecovery: 70 %View all detailsHide details
Identity
- Project
- Nisk Project
- Commodity
- cobalt
- Region
- canada_qc
- Reported Region
- Québec
- Ticker
- PNPN
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- MRE applied recovery
Recovery
- Recovery
- 70 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: Good cobalt recovery applied in the MRE for Lion.
Evidence · table
“70 %”
Context: Recovery applied in MRE (%)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
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.