# Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4 Original source: https://money.tmx.com/en/quote/CRE/news/6129963367474595/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit Publisher: tmx Original announcement: 2026-09-08T07:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Maiden resource for Lion Zone is high-grade and predominantly Indicated, significantly de-risking the project. - Positive factor: High copper, platinum, and palladium recoveries demonstrated in locked-cycle flotation tests for Lion mineralization. - Positive factor: The resource remains open at depth and along strike, with ongoing drilling targeting expansion. - Positive factor: Project benefits from existing infrastructure and potential critical minerals incentives from federal and provincial governments. - Negative factor: Nickel recovery in metallurgical tests is weak, which could impact overall project economics for this polymetallic deposit. - Negative factor: 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 Resource** Polarity: neutral Definition: 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 Resource** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Recovery** Polarity: positive Definition: 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 Ore** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-0) Lion Zone · nickel #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 5.01 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-1) Lion Zone · copper #### 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 factor: High-grade copper equivalent \(3.45%\) for an open-pit indicated resource. - Positive factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 90.04 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-2) Lion Zone · cobalt #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 0.22 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-3) Lion Zone · platinum #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 76,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-4) Lion Zone · palladium #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 210,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-5) Lion Zone · gold #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 37,000 Context: 2,782,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-6) Lion Zone · silver #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-7) Lion Zone · nickel #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 0.16 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-8) Lion Zone · copper #### 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 factor: Strong copper equivalent grade \(2.36%\) for an open-pit inferred resource. - Positive factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 2.41 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-9) Lion Zone · cobalt #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 0.01 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-10) Lion Zone · platinum #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-11) Lion Zone · palladium #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 4,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-12) Lion Zone · gold #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 1,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-13) Lion Zone · silver #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 31,000 Context: 100,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-14) Lion Zone · nickel #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 3.98 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-15) Lion Zone · copper #### 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 factor: Exceptional copper equivalent grade \(4.71%\) for an underground indicated resource. - Positive factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 63.03 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-16) Lion Zone · cobalt #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 0.21 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-17) Lion Zone · platinum #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 38,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-18) Lion Zone · palladium #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 138,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-19) Lion Zone · gold #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 27,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-20) Lion Zone · silver #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 585,000 Context: 1,363,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-21) Lion Zone · nickel #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 1.51 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-22) Lion Zone · copper #### 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 factor: Exceptional copper equivalent grade \(4.34%\) for an underground inferred resource. - Positive factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 22.02 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-23) Lion Zone · cobalt #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 0.08 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-24) Lion Zone · platinum #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 10,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-25) Lion Zone · palladium #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 51,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-26) Lion Zone · gold #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 7,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-27) Lion Zone · silver #### 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 factor: Part of a maiden resource for the Lion Zone, establishing a baseline for future development. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 210,000 Context: 501,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-28) Nisk Main deposit · nickel #### 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 factor: Strong nickel equivalent grade \(1.01%\) for an open-pit indicated resource. - Positive factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 7.99 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-29) Nisk Main deposit · copper #### 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 factor: Strong copper equivalent grade \(1.68%\) for an open-pit indicated resource. - Positive factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 4.66 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-30) Nisk Main deposit · cobalt #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 0.53 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-31) Nisk Main deposit · platinum #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 2,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-32) Nisk Main deposit · palladium #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 10,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-33) Nisk Main deposit · gold #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 1,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-34) Nisk Main deposit · silver #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 43,000 Context: 607,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-35) Nisk Main deposit · nickel #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 2.50 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-36) Nisk Main deposit · copper #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 1.03 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-37) Nisk Main deposit · cobalt #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 0.16 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-38) Nisk Main deposit · platinum #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 500 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-39) Nisk Main deposit · palladium #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 3,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-40) Nisk Main deposit · gold #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 200 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-41) Nisk Main deposit · silver #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 14,000 Context: 210,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-42) Nisk Main deposit · nickel #### 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 factor: Strong nickel equivalent grade \(1.65%\) for an underground indicated resource. - Positive factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 44.44 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-43) Nisk Main deposit · copper #### 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 factor: Strong copper equivalent grade \(2.75%\) for an underground indicated resource. - Positive factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 24.52 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-44) Nisk Main deposit · cobalt #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 2.83 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-45) Nisk Main deposit · platinum #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 14,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-46) Nisk Main deposit · palladium #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 61,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-47) Nisk Main deposit · gold #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 3,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-48) Nisk Main deposit · silver #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Positive factor: High confidence category \(Indicated\) for a significant portion of the resource. Evidence · table > 135,000 Context: 2,096,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-49) Nisk Main deposit · nickel #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 39.17 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-50) Nisk Main deposit · copper #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 22.53 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-51) Nisk Main deposit · cobalt #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 2.50 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-52) Nisk Main deposit · platinum #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 15,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-53) Nisk Main deposit · palladium #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 61,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-54) Nisk Main deposit · gold #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 2,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-resource-facts-55) Nisk Main deposit · silver #### 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 factor: Updated resource for the Nisk Main deposit, providing current estimates. - Negative factor: Lower confidence category \(Inferred\). Evidence · table > 91,000 Context: 1,806,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ## Metallurgical Results (6) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-56) Nisk Project · copper #### 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 factor: Exceptional copper recovery \(98.3%\) for flotation, even from low-grade material. - Positive factor: High concentrate grade \(25.4% Cu\) achieved. - Positive factor: Test conducted at a detailed \(locked-cycle\) scale, increasing confidence in results. Evidence · table > 98.3 Context: 0.62 % #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: 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 \(92%\) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-57) Nisk Project · nickel #### 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 factor: Test conducted at a detailed \(locked-cycle\) scale, increasing confidence in results. - Negative factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 47.7% is below the weak band \(75%\) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-58) Nisk Project · palladium #### 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 factor: Strong palladium recovery \(89.1%\) for flotation, even from low-grade material. - Positive factor: High concentrate grade \(38.9 g/t Pd\) achieved. - Positive factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-59) Nisk Project · platinum #### 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 factor: Strong platinum recovery \(84.1%\) for flotation, even from low-grade material. - Positive factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-60) Nisk Project · gold #### 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 factor: Weak gold recovery \(83.1%\) for flotation, but still contributing to the polymetallic concentrate. - Positive factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/power-metallic-defines-high-grade-maiden-resource-at-lion-averaging-3-9-cueq-wit--bb9e0541-67df-4d12-a86b-ef8991b3d9a4#fact-metallurgical-facts-61) Nisk Project · silver #### 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 factor: Weak silver recovery \(75.9%\) for flotation, but still contributing to the polymetallic concentrate. - Positive factor: High concentrate grade \(271 g/t Ag\) achieved. - Positive factor: 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 Route** Polarity: neutral Definition: 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.