Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential
Original announcement by tmx on
- Company
- Power Metallic Mines Inc.
- Ticker
- PNPN
- Exchange
- TSX
- Region
- Québec
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-13 18:22:24 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Power Metallic Mines Inc. announced a maiden Mineral Resource Estimate for its Lion Zone, part of the Nisk Project in Québec, defining 4.15 Mt Indicated at 3.86% CuEq and 0.60 Mt Inferred at 4.01% CuEq. The resource is high-grade, starts at surface, and over 85% is in the Indicated category. The company also provided an updated resource for the Nisk Main deposit. Metallurgical test work on Lion mineralization demonstrated high recoveries for copper, platinum, and palladium, producing high-grade copper concentrates, though nickel recovery was lower.
Reasoning: Power Metallic announced a high-grade maiden resource for its Lion Zone, with over 85% classified as Indicated, alongside an updated resource for the Nisk Main deposit. Metallurgical test work for Lion shows excellent recoveries for copper and PGEs, though nickel recovery is lower. The resource is open for expansion, and the project benefits from strong government support for critical minerals.
Positive factors
- Maiden resource for Lion Zone is high-grade and predominantly Indicated, significantly de-risking the project.
- High copper, platinum, and palladium recoveries demonstrated in locked-cycle flotation tests for Lion mineralization.
- The resource remains open at depth and along strike, with ongoing drilling targeting expansion.
- Project benefits from existing infrastructure and potential critical minerals incentives from federal and provincial governments.
Negative factors
- Nickel recovery in metallurgical tests is weak, which could impact overall project economics for this polymetallic deposit.
- Assays from post-cut-off deep drilling are not yet included in the MRE, delaying full understanding of expansion potential.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 62
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 explicitly states 'Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone'.
Evidence · text
“Power Metallic has declared the inaugural Mineral Resource Estimate for the Lion Zone”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Lion Zone resource is reported with 'Over 85% of the initial Lion resource is classified as Indicated'.
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, P.Geo., of SGS Canada Inc., is named as the independent Qualified Person responsible for the MRE.
Evidence · text
“Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., 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 by SGS Canada Inc. ('SGS') in accordance with National Instrument 43-101.
Evidence · text
“The 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: The document explicitly states cut-off grades for both open pit and underground MREs for Lion and Nisk.
Evidence · text
“Lion Deposit 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: Copper recoveries are reported above 98% for flotation, which is exceptional for this processing route.
Evidence · text
“copper recoveries above 98% across all composite samples tested”
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: Nickel recovery is weak (77.1% for LCT1, 47.7% for LG2) for flotation, indicating potential processing challenges for nickel.
Evidence · table
“77.1”
Context: 0.20 %
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Metallurgical test work involved locked-cycle flotation tests, indicating a mill-based processing route.
Evidence · text
“Two locked-cycle flotation tests have been completed”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical tests are described as 'locked-cycle flotation tests', which are bench-scale tests, not pilot or demonstration plant scale.
Evidence · text
“Two locked-cycle flotation tests have been completed”
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: 62. Some facts used in scoring do not have a stored record.
Resource Estimates (56)
indicatedLion Zone · nickelTonnes: 2782000Grade: 5.01Grade Unit: %Contained Metal: 126.74Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for nickel equivalent within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · copperTonnes: 2782000Grade: 90.04Grade Unit: %Contained Metal: 211.24Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an exceptional copper equivalent grade for an open-pit indicated resource, forming a key component of the high-grade Lion Zone maiden resource.
Positive factors
- High-grade copper equivalent (3.45%) for an open-pit indicated resource.
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · cobaltTonnes: 2782000Grade: 0.22Grade Unit: %Contained Metal: 0.22Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for cobalt within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · platinumTonnes: 2782000Grade: 76000Grade Unit: g/tContained Metal: 76000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for platinum within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · palladiumTonnes: 2782000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for palladium within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · goldTonnes: 2782000Grade: 37000Grade Unit: g/tContained Metal: 37000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for gold within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · silverTonnes: 2782000Grade: 1042000Grade Unit: g/tContained Metal: 1042000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c4d27e8fcbb708111b3a
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for silver within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
inferredLion Zone · nickelTonnes: 100000Grade: 0.16Grade Unit: %Contained Metal: 3.12Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for nickel equivalent within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · copperTonnes: 100000Grade: 2.41Grade Unit: %Contained Metal: 5.19Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a strong copper equivalent grade for an open-pit inferred resource, forming a component of the high-grade Lion Zone maiden resource but with lower confidence.
Positive factors
- Strong copper equivalent grade (2.36%) for an open-pit inferred resource.
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · cobaltTonnes: 100000Grade: 0.01Grade Unit: %Contained Metal: 0.01Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for cobalt within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · platinumTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for platinum within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · palladiumTonnes: 100000Grade: 4000Grade Unit: g/tContained Metal: 4000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for palladium within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · goldTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for gold within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · silverTonnes: 100000Grade: 31000Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:d444d82b2ea94d760bfa
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for silver within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
indicatedLion Zone · nickelTonnes: 1363000Grade: 3.98Grade Unit: %Contained Metal: 84.94Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for nickel equivalent within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · copperTonnes: 1363000Grade: 63.03Grade Unit: %Contained Metal: 141.57Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an exceptional copper equivalent grade for an underground indicated resource, forming a key component of the high-grade Lion Zone maiden resource.
Positive factors
- Exceptional copper equivalent grade (4.71%) for an underground indicated resource.
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · cobaltTonnes: 1363000Grade: 0.21Grade Unit: %Contained Metal: 0.21Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for cobalt within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · platinumTonnes: 1363000Grade: 38000Grade Unit: g/tContained Metal: 38000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for platinum within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · palladiumTonnes: 1363000Grade: 138000Grade Unit: g/tContained Metal: 138000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for palladium within the new Lion Zone, contributing to the overall high-grade polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · goldTonnes: 1363000Grade: 27000Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for gold within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedLion Zone · silverTonnes: 1363000Grade: 585000Grade Unit: g/tContained Metal: 585000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:117ec837a7f5333d6050
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for silver within the new Lion Zone, contributing to the overall polymetallic deposit.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
inferredLion Zone · nickelTonnes: 501000Grade: 1.51Grade Unit: %Contained Metal: 28.77Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for nickel equivalent within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · copperTonnes: 501000Grade: 22.02Grade Unit: %Contained Metal: 47.95Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an exceptional copper equivalent grade for an underground inferred resource, forming a component of the high-grade Lion Zone maiden resource but with lower confidence.
Positive factors
- Exceptional copper equivalent grade (4.34%) for an underground inferred resource.
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · cobaltTonnes: 501000Grade: 0.08Grade Unit: %Contained Metal: 0.08Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for cobalt within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · platinumTonnes: 501000Grade: 10000Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for platinum within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · palladiumTonnes: 501000Grade: 51000Grade Unit: g/tContained Metal: 51000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for palladium within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · goldTonnes: 501000Grade: 7000Grade Unit: g/tContained Metal: 7000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for gold within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
inferredLion Zone · silverTonnes: 501000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion Zone
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:a666f65a35517c4d2ab2
- Deposit or zone
- Lion Zone
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for silver within the new Lion Zone, contributing to the overall polymetallic deposit but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone, establishing a baseline for future development.
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
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
indicatedNisk Main deposit · nickelTonnes: 607000Grade: 7.99Grade Unit: %Contained Metal: 13.49Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a strong nickel equivalent grade for an open-pit indicated resource within the updated Nisk Main deposit.
Positive factors
- Strong nickel equivalent grade (1.01%) for an open-pit indicated resource.
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · copperTonnes: 607000Grade: 4.66Grade Unit: %Contained Metal: 22.47Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a strong copper equivalent grade for an open-pit indicated resource within the updated Nisk Main deposit.
Positive factors
- Strong copper equivalent grade (1.68%) for an open-pit indicated resource.
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · cobaltTonnes: 607000Grade: 0.53Grade Unit: %Contained Metal: 0.53Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for cobalt within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · platinumTonnes: 607000Grade: 2000Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for platinum within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · palladiumTonnes: 607000Grade: 10000Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for palladium within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · goldTonnes: 607000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for gold within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · silverTonnes: 607000Grade: 43000Grade Unit: g/tContained Metal: 43000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:b9f7701f2a416141e336
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for silver within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
inferredNisk Main deposit · nickelTonnes: 210000Grade: 2.5Grade Unit: %Contained Metal: 3.99Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for nickel equivalent within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · copperTonnes: 210000Grade: 1.03Grade Unit: %Contained Metal: 6.66Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · cobaltTonnes: 210000Grade: 0.16Grade Unit: %Contained Metal: 0.16Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for cobalt within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · platinumTonnes: 210000Grade: 500Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for platinum within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · palladiumTonnes: 210000Grade: 3000Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for palladium within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · goldTonnes: 210000Grade: 200Grade Unit: g/tContained Metal: 200Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for gold within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · silverTonnes: 210000Grade: 14000Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:6e904a3a500fe8d0db74
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for silver within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
indicatedNisk Main deposit · nickelTonnes: 2096000Grade: 44.44Grade Unit: %Contained Metal: 76.13Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a strong nickel equivalent grade for an underground indicated resource within the updated Nisk Main deposit.
Positive factors
- Strong nickel equivalent grade (1.65%) for an underground indicated resource.
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · copperTonnes: 2096000Grade: 24.52Grade Unit: %Contained Metal: 126.89Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is a strong copper equivalent grade for an underground indicated resource within the updated Nisk Main deposit.
Positive factors
- Strong copper equivalent grade (2.75%) for an underground indicated resource.
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · cobaltTonnes: 2096000Grade: 2.83Grade Unit: %Contained Metal: 2.83Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for cobalt within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · platinumTonnes: 2096000Grade: 14000Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for platinum within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · palladiumTonnes: 2096000Grade: 61000Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for palladium within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · goldTonnes: 2096000Grade: 3000Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for gold within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
indicatedNisk Main deposit · silverTonnes: 2096000Grade: 135000Grade Unit: g/tContained Metal: 135000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0af4efa312bce5d0795e
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Indicated resource for silver within the updated Nisk Main deposit, contributing to the overall polymetallic project.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
- High confidence category (Indicated) for a significant portion of the resource.
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
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
inferredNisk Main deposit · nickelTonnes: 1806000Grade: 39.17Grade Unit: %Contained Metal: 69.06Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for nickel equivalent within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · copperTonnes: 1806000Grade: 22.53Grade Unit: %Contained Metal: 115.09Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for copper equivalent within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · cobaltTonnes: 1806000Grade: 2.5Grade Unit: %Contained Metal: 2.5Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for cobalt within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · platinumTonnes: 1806000Grade: 15000Grade Unit: g/tContained Metal: 15000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for platinum within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · palladiumTonnes: 1806000Grade: 61000Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for palladium within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · goldTonnes: 1806000Grade: 2000Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for gold within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
inferredNisk Main deposit · silverTonnes: 1806000Grade: 91000Grade Unit: g/tContained Metal: 91000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk Main deposit
- 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
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:f3d9892852de8740dad6
- Deposit or zone
- Nisk Main deposit
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 Canada Inc.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: This is an Inferred resource for silver within the updated Nisk Main deposit, contributing to the overall polymetallic project but with lower confidence.
Positive factors
- Updated resource for the Nisk Main deposit, providing current estimates.
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
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
Metallurgical Results (6)
flotationNisk Project · copperRecovery: 98.3 %Head Grade: 0.62Head Grade Unit: %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
- LG2 low-grade composite
Recovery
- Recovery
- 98.3 %
- Recovery Basis
- actual_test
- Head Grade
- 0.62
- Head Grade Unit
- %
- Conc. Grade
- 25.4
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Excellent copper recovery and concentrate grade from locked-cycle flotation tests on low-grade material, supporting the inclusion of lower-grade material in the MRE.
Positive factors
- Exceptional copper recovery (98.3%) for flotation, even from low-grade material.
- High concentrate grade (25.4% Cu) achieved.
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Evidence · table
“98.3”
Context: 0.62 %
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
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98.3% is at or above the exceptional band (92%)
flotationNisk Project · nickelRecovery: 47.7 %Head Grade: 0.04Head Grade Unit: %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
- LG2 low-grade composite
Recovery
- Recovery
- 47.7 %
- Recovery Basis
- actual_test
- Head Grade
- 0.04
- Head Grade Unit
- %
- Conc. Grade
- 0.78
- Conc. Grade Unit
- %
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Nickel recovery from locked-cycle flotation tests on low-grade material is very low, representing a red flag for nickel extraction in the polymetallic concentrate.
Positive factors
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Negative factors
- Very low nickel recovery (47.7%) for flotation, indicating significant challenges for nickel extraction.
Evidence · table
“47.7”
Context: 0.04 %
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
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 47.7% is below the weak band (75%)
flotationNisk Project · palladiumRecovery: 89.1 %Head Grade: 0.97Head Grade Unit: g/tView 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
- LG2 low-grade composite
Recovery
- Recovery
- 89.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.97
- Head Grade Unit
- g/t
- Conc. Grade
- 38.9
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Strong palladium recovery and concentrate grade from locked-cycle flotation tests on low-grade material, indicating good metallurgical performance for palladium.
Positive factors
- Strong palladium recovery (89.1%) for flotation, even from low-grade material.
- High concentrate grade (38.9 g/t Pd) achieved.
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Evidence · table
“89.1”
Context: 0.97 g/t
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
flotationNisk Project · platinumRecovery: 84.1 %Head Grade: 0.22Head Grade Unit: g/tView 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
- LG2 low-grade composite
Recovery
- Recovery
- 84.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.22
- Head Grade Unit
- g/t
- Conc. Grade
- 7.9
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Strong platinum recovery from locked-cycle flotation tests on low-grade material, indicating good metallurgical performance for platinum.
Positive factors
- Strong platinum recovery (84.1%) for flotation, even from low-grade material.
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Evidence · table
“84.1”
Context: 0.22 g/t
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
flotationNisk Project · goldRecovery: 83.1 %Head Grade: 0.37Head Grade Unit: g/tView 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
- LG2 low-grade composite
Recovery
- Recovery
- 83.1 %
- Recovery Basis
- actual_test
- Head Grade
- 0.37
- Head Grade Unit
- g/t
- Conc. Grade
- 12.7
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Weak gold recovery from locked-cycle flotation tests on low-grade material, contributing to the polymetallic concentrate.
Positive factors
- Weak gold recovery (83.1%) for flotation, but still contributing to the polymetallic concentrate.
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Evidence · table
“83.1”
Context: 0.37 g/t
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
flotationNisk Project · silverRecovery: 75.9 %Head Grade: 6.26Head Grade Unit: g/tView 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
- LG2 low-grade composite
Recovery
- Recovery
- 75.9 %
- Recovery Basis
- actual_test
- Head Grade
- 6.26
- Head Grade Unit
- g/t
- Conc. Grade
- 271
- Conc. Grade Unit
- g/t
Lab
- Laboratory
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-08T00:00:00.000Z
Reasoning: Weak silver recovery from locked-cycle flotation tests on low-grade material, contributing to the polymetallic concentrate.
Positive factors
- Weak silver recovery (75.9%) for flotation, but still contributing to the polymetallic concentrate.
- High concentrate grade (271 g/t Ag) achieved.
- Test conducted at a detailed (locked-cycle) scale, increasing confidence in results.
Evidence · table
“75.9”
Context: 6.26 g/t
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
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.