Power Metallic Defines High-Grade Maiden Resource at Lion Averaging ~3.9% CuEq, with >85% Indicated and Significant Expansion Potential
Original announcement by cnw on
- Company
- Power Metallic Mines Inc.
- Ticker
- PNPN
- Exchange
- Unavailable
- Region
- Québec
- Primary commodity
- Copper
- Secondary commodities
- Nickel, Cobalt, Platinum, Palladium, Gold, Silver
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-12 00:27:10 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Power Metallic Mines Inc. announced a maiden Mineral Resource Estimate for its Lion Zone, averaging ~3.9% CuEq with over 85% in the Indicated category, alongside an updated resource for the Nisk Main deposit. Locked-cycle metallurgical test work on Lion mineralization returned high recoveries for copper and other polymetallic elements, producing high-grade concentrates. The company highlights the project's critical minerals status and significant expansion potential, with ongoing drilling targeting extensions at depth.
Reasoning: The announcement details a high-grade maiden resource for the Lion Zone with a very high proportion of Indicated material, indicating strong geological confidence. Excellent metallurgical recoveries from locked-cycle tests further de-risk the project. The critical minerals status and expansion potential add significant value, making this a highly positive and material update for the company.
Positive factors
- Maiden resource for Lion Zone with high-grade CuEq
- High percentage of Indicated resource (>85%) for Lion Zone
- High metallurgical recoveries for copper and other metals from locked-cycle tests
- Project metals are on critical minerals lists, potentially qualifying for government incentives
- Resource starts at surface and remains open for expansion
Negative factors
- Nisk resource update details not provided for comparison to prior estimate
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 63
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: The document explicitly states 'inaugural mineral resource for the Lion Zone'.
Evidence · text
“inaugural mineral resource for the Lion Zone”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: Over 85% of the initial Lion resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · text
“Over 85% of the initial Lion resource is classified as Indicated”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Copper recovery is reported at 98.9% for LCT1 and 98.3% for LG2, which is exceptional for flotation.
Evidence · table
“98.9”
Context: 3.42 %
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Locked-cycle flotation tests were completed, which are considered advanced bench-scale tests simulating continuous operation.
Evidence · text
“Two locked-cycle flotation tests have been completed”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is named as the independent Qualified Person responsible for the MRE.
Evidence · text
“Marc-Antoine Laporte, P.Geo., of SGS Canada Inc., is the independent Qualified Person responsible for the MRE”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The MRE was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Evidence · text
“The MRE was prepared by SGS Canada Inc. ("SGS") in accordance with National Instrument 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for both open pit and underground mining methods are clearly stated for both Lion and Nisk deposits.
Evidence · text
“at a cut-off grade of 0.35% CuEq for the open pit MRE and 0.90% CuEq for the underground MRE”
Metal Equivalent Opaquenegative · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.
Why it applies: The document provides the metal prices and a general recovery grade of 80% for all commodities used in the CuEqRec calculation, but not for the NiEq and CuEq in the MRE tables.
Evidence · text
“CuEqRec in the referenced Power Metallic news releases represents CuEq calculated based on the following metal prices (USD): 2,360.15 $/oz Au, 27.98 $/oz Ag, 1,215.00 $/oz Pd, 1000.00 $/oz Pt, 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for all commodities, consistent with comparable peers.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 63. Some facts used in scoring do not have a stored record.
Resource Estimates (56)
indicatedLion · nickelTonnes: 2782000Grade: 5.01Grade Unit: %Contained Metal: 126.74Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Lion Zone open pit Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Nickel equivalent grade provides a combined value metric
Evidence · table
“5.01”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · copperTonnes: 2782000Grade: 90.04Grade Unit: %Contained Metal: 211.24Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This high copper equivalent grade for the Lion Zone open pit Indicated resource is a key positive highlight of the maiden estimate.
Positive factors
- High copper equivalent grade for an open pit resource
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Significant contained copper equivalent metal
Evidence · table
“90.04”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · cobaltTonnes: 2782000Grade: 0.22Grade Unit: %Contained Metal: 0.22Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This is a low-grade cobalt component of the Lion Zone open pit Indicated resource, but contributes to the polymetallic nature and critical mineral status.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Cobalt is a critical mineral
Evidence · table
“0.22”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · platinumTonnes: 2782000Grade: 76000Grade Unit: g/tContained Metal: 76000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This platinum grade contributes to the polymetallic nature of the Lion Zone open pit Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Platinum is a critical mineral and precious metal
Evidence · table
“76,000”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · palladiumTonnes: 2782000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This palladium grade is a valuable component of the Lion Zone open pit Indicated resource, enhancing its polymetallic profile.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Palladium is a critical mineral and precious metal
Evidence · table
“210,000”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · goldTonnes: 2782000Grade: 37000Grade Unit: g/tContained Metal: 37000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This gold grade contributes to the polymetallic nature of the Lion Zone open pit Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Gold is a valuable precious metal
Evidence · table
“37,000”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · silverTonnes: 2782000Grade: 1042000Grade Unit: g/tContained Metal: 1042000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:346d36495a58947681b5
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
- 2026-09-11T00:00:00.000Z
Reasoning: This silver grade contributes to the polymetallic nature of the Lion Zone open pit Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Silver is a valuable precious metal and critical mineral in the US
Evidence · table
“1,042,000”
Context: 2,782,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · nickelTonnes: 100000Grade: 0.16Grade Unit: %Contained Metal: 3.12Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Lion Zone open pit Inferred resource indicates potential but with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“0.16”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · copperTonnes: 100000Grade: 2.41Grade Unit: %Contained Metal: 5.19Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This copper equivalent grade for the Lion Zone open pit Inferred resource indicates potential but with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Good copper equivalent grade for an open pit setting
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“2.41”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · cobaltTonnes: 100000Grade: 0.01Grade Unit: %Contained Metal: 0.01Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This is a low-grade cobalt component of the Lion Zone open pit Inferred resource, with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Cobalt is a critical mineral
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage and low grade
Evidence · table
“0.01”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · platinumTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This platinum grade is part of the Lion Zone open pit Inferred resource, with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Platinum is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“1,000”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · palladiumTonnes: 100000Grade: 4000Grade Unit: g/tContained Metal: 4000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This palladium grade is part of the Lion Zone open pit Inferred resource, with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Palladium is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“4,000”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · goldTonnes: 100000Grade: 1000Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This gold grade is part of the Lion Zone open pit Inferred resource, with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Gold is a valuable precious metal
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“1,000”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · silverTonnes: 100000Grade: 31000Grade Unit: g/tContained Metal: 31000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:0193dbada1c03bfe605c
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
- 2026-09-11T00:00:00.000Z
Reasoning: This silver grade is part of the Lion Zone open pit Inferred resource, with lower confidence and small scale.
Positive factors
- Part of a maiden resource for the Lion Zone
- Silver is a valuable precious metal and critical mineral in the US
Negative factors
- Lower confidence category (Inferred)
- Relatively small tonnage
Evidence · table
“31,000”
Context: 100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · nickelTonnes: 1363000Grade: 3.98Grade Unit: %Contained Metal: 84.94Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Lion Zone underground Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Nickel equivalent grade provides a combined value metric
Evidence · table
“3.98”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · copperTonnes: 1363000Grade: 63.03Grade Unit: %Contained Metal: 141.57Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This high copper equivalent grade for the Lion Zone underground Indicated resource is a key positive highlight of the maiden estimate.
Positive factors
- High copper equivalent grade for an underground resource
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Significant contained copper equivalent metal
Evidence · table
“63.03”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · cobaltTonnes: 1363000Grade: 0.21Grade Unit: %Contained Metal: 0.21Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This is a low-grade cobalt component of the Lion Zone underground Indicated resource, but contributes to the polymetallic nature and critical mineral status.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Cobalt is a critical mineral
Evidence · table
“0.21”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · platinumTonnes: 1363000Grade: 38000Grade Unit: g/tContained Metal: 38000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This platinum grade contributes to the polymetallic nature of the Lion Zone underground Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Platinum is a critical mineral and precious metal
Evidence · table
“38,000”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · palladiumTonnes: 1363000Grade: 138000Grade Unit: g/tContained Metal: 138000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This palladium grade is a valuable component of the Lion Zone underground Indicated resource, enhancing its polymetallic profile.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Palladium is a critical mineral and precious metal
Evidence · table
“138,000”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · goldTonnes: 1363000Grade: 27000Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This gold grade contributes to the polymetallic nature of the Lion Zone underground Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Gold is a valuable precious metal
Evidence · table
“27,000”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLion · silverTonnes: 1363000Grade: 585000Grade Unit: g/tContained Metal: 585000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:89332bb0d0da1a87f169
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
- 2026-09-11T00:00:00.000Z
Reasoning: This silver grade contributes to the polymetallic nature of the Lion Zone underground Indicated resource.
Positive factors
- Part of a maiden resource for the Lion Zone
- High confidence category (Indicated)
- Silver is a valuable precious metal and critical mineral in the US
Evidence · table
“585,000”
Context: 1,363,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · nickelTonnes: 501000Grade: 1.51Grade Unit: %Contained Metal: 28.77Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Lion Zone underground Inferred resource indicates potential but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.51”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · copperTonnes: 501000Grade: 22.02Grade Unit: %Contained Metal: 47.95Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This high copper equivalent grade for the Lion Zone underground Inferred resource indicates potential but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- High copper equivalent grade for an underground setting
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“22.02”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · cobaltTonnes: 501000Grade: 0.08Grade Unit: %Contained Metal: 0.08Contained Unit: mlbView all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This is a low-grade cobalt component of the Lion Zone underground Inferred resource, with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- Cobalt is a critical mineral
Negative factors
- Lower confidence category (Inferred)
- Low grade
Evidence · table
“0.08”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · platinumTonnes: 501000Grade: 10000Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This platinum grade is part of the Lion Zone underground Inferred resource, with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- Platinum is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“10,000”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · palladiumTonnes: 501000Grade: 51000Grade Unit: g/tContained Metal: 51000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This palladium grade is a valuable component of the Lion Zone underground Inferred resource, but with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- Palladium is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“51,000”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · goldTonnes: 501000Grade: 7000Grade Unit: g/tContained Metal: 7000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This gold grade is part of the Lion Zone underground Inferred resource, with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- Gold is a valuable precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“7,000”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLion · silverTonnes: 501000Grade: 210000Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:c8e97bbbdcf8f303ae1f
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
- 2026-09-11T00:00:00.000Z
Reasoning: This silver grade is part of the Lion Zone underground Inferred resource, with lower confidence.
Positive factors
- Part of a maiden resource for the Lion Zone
- Silver is a valuable precious metal and critical mineral in the US
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“210,000”
Context: 501,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · nickelTonnes: 607000Grade: 0.6Grade Unit: %Contained Metal: 13.49Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.6
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Nisk open pit Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- High confidence category (Indicated)
- Nickel equivalent grade provides a combined value metric
Evidence · table
“0.60”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · copperTonnes: 607000Grade: 0.35Grade Unit: %Contained Metal: 22.47Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.35
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This copper equivalent grade for the Nisk open pit Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- High confidence category (Indicated)
- Copper equivalent grade provides a combined value metric
Evidence · table
“0.35”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · cobaltTonnes: 607000Grade: 0.039Grade Unit: %Contained Metal: 0.53Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.039
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource for the Nisk open pit, contributing to the overall polymetallic resource and critical mineral status.
Positive factors
- High confidence category (Indicated)
- Cobalt is a critical mineral
Evidence · table
“0.039”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · platinumTonnes: 607000Grade: 0.08Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.08
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated platinum resource for the Nisk open pit, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Platinum is a critical mineral and precious metal
Evidence · table
“0.08”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · palladiumTonnes: 607000Grade: 0.49Grade Unit: g/tContained Metal: 10000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.49
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated palladium resource for the Nisk open pit, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Palladium is a critical mineral and precious metal
Evidence · table
“0.49”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · goldTonnes: 607000Grade: 0.03Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 0.03
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated gold resource for the Nisk open pit, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Gold is a valuable precious metal
Evidence · table
“0.03”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · silverTonnes: 607000Grade: 2.19Grade Unit: g/tContained Metal: 43000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:ab5753c5b51416960f6e
Resource Data
- Category
- indicated
- Tonnes
- 607000
- Grade
- 2.19
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated silver resource for the Nisk open pit, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Silver is a valuable precious metal and critical mineral in the US
Evidence · table
“2.19”
Context: 607,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · nickelTonnes: 210000Grade: 0.54Grade Unit: %Contained Metal: 3.99Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.54
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Nisk open pit Inferred resource indicates potential but with lower confidence.
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.54”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · copperTonnes: 210000Grade: 0.22Grade Unit: %Contained Metal: 6.66Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.22
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This copper equivalent grade for the Nisk open pit Inferred resource indicates potential but with lower confidence.
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.22”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · cobaltTonnes: 210000Grade: 0.035Grade Unit: %Contained Metal: 0.16Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.035
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource for the Nisk open pit, indicating potential but with lower confidence.
Positive factors
- Cobalt is a critical mineral
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.035”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · platinumTonnes: 210000Grade: 0.07Grade Unit: g/tContained Metal: 500Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.07
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred platinum resource for the Nisk open pit, indicating potential but with lower confidence.
Positive factors
- Platinum is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.07”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · palladiumTonnes: 210000Grade: 0.48Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.48
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred palladium resource for the Nisk open pit, indicating potential but with lower confidence.
Positive factors
- Palladium is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.48”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · goldTonnes: 210000Grade: 0.03Grade Unit: g/tContained Metal: 200Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 0.03
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred gold resource for the Nisk open pit, indicating potential but with lower confidence and low grade.
Positive factors
- Gold is a valuable precious metal
Negative factors
- Lower confidence category (Inferred)
- Low grade
Evidence · table
“0.03”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · silverTonnes: 210000Grade: 2.04Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:e64c7066e67d75ff10af
Resource Data
- Category
- inferred
- Tonnes
- 210000
- Grade
- 2.04
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred silver resource for the Nisk open pit, indicating potential but with lower confidence.
Positive factors
- Silver is a valuable precious metal and critical mineral in the US
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2.04”
Context: 210,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · nickelTonnes: 2096000Grade: 0.96Grade Unit: %Contained Metal: 76.13Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.96
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Nisk underground Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- High confidence category (Indicated)
- Nickel equivalent grade provides a combined value metric
Evidence · table
“0.96”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · copperTonnes: 2096000Grade: 0.53Grade Unit: %Contained Metal: 126.89Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.53
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This copper equivalent grade for the Nisk underground Indicated resource provides a combined value for the polymetallic mineralization.
Positive factors
- High confidence category (Indicated)
- Copper equivalent grade provides a combined value metric
Evidence · table
“0.53”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · cobaltTonnes: 2096000Grade: 0.061Grade Unit: %Contained Metal: 2.83Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.061
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated cobalt resource for the Nisk underground, contributing to the overall polymetallic resource and critical mineral status.
Positive factors
- High confidence category (Indicated)
- Cobalt is a critical mineral
Evidence · table
“0.061”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · platinumTonnes: 2096000Grade: 0.21Grade Unit: g/tContained Metal: 14000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.21
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated platinum resource for the Nisk underground, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Platinum is a critical mineral and precious metal
Evidence · table
“0.21”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · palladiumTonnes: 2096000Grade: 0.91Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.91
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated palladium resource for the Nisk underground, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Palladium is a critical mineral and precious metal
Evidence · table
“0.91”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · goldTonnes: 2096000Grade: 0.04Grade Unit: g/tContained Metal: 3000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 0.04
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated gold resource for the Nisk underground, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Gold is a valuable precious metal
Evidence · table
“0.04”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedNisk · silverTonnes: 2096000Grade: 2Grade Unit: g/tContained Metal: 135000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:9436bacbc7cb3c202064
Resource Data
- Category
- indicated
- Tonnes
- 2096000
- Grade
- 2
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Indicated silver resource for the Nisk underground, contributing to the overall polymetallic resource.
Positive factors
- High confidence category (Indicated)
- Silver is a valuable precious metal and critical mineral in the US
Evidence · table
“2.00”
Context: 2,096,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · nickelTonnes: 1806000Grade: 0.98Grade Unit: %Contained Metal: 69.06Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- nickel
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.98
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This nickel equivalent grade for the Nisk underground Inferred resource indicates potential but with lower confidence.
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.98”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · copperTonnes: 1806000Grade: 0.57Grade Unit: %Contained Metal: 115.09Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- copper
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.57
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This copper equivalent grade for the Nisk underground Inferred resource indicates potential but with lower confidence.
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.57”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · cobaltTonnes: 1806000Grade: 0.063Grade Unit: %Contained Metal: 2.5Contained Unit: mlbView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- cobalt
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.063
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred cobalt resource for the Nisk underground, indicating potential but with lower confidence.
Positive factors
- Cobalt is a critical mineral
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.063”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · platinumTonnes: 1806000Grade: 0.26Grade Unit: g/tContained Metal: 15000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- platinum
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.26
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred platinum resource for the Nisk underground, indicating potential but with lower confidence.
Positive factors
- Platinum is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.26”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · palladiumTonnes: 1806000Grade: 1.05Grade Unit: g/tContained Metal: 61000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- palladium
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 1.05
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred palladium resource for the Nisk underground, indicating potential but with lower confidence.
Positive factors
- Palladium is a critical mineral and precious metal
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.05”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · goldTonnes: 1806000Grade: 0.03Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- gold
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 0.03
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred gold resource for the Nisk underground, indicating potential but with lower confidence and low grade.
Positive factors
- Gold is a valuable precious metal
Negative factors
- Lower confidence category (Inferred)
- Low grade
Evidence · table
“0.03”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredNisk · silverTonnes: 1806000Grade: 1.57Grade Unit: g/tContained Metal: 91000Contained Unit: ozView all detailsHide details
Identity
- Project
- Nisk
- Commodity
- silver
- Ticker
- PNPN
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Marc-Antoine Laporte
- Resource group id
- resource:98733ac67af2b1eaac98
Resource Data
- Category
- inferred
- Tonnes
- 1806000
- Grade
- 1.57
- 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
- 2026-09-11T00:00:00.000Z
Reasoning: This is an Inferred silver resource for the Nisk underground, indicating potential but with lower confidence.
Positive factors
- Silver is a valuable precious metal and critical mineral in the US
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.57”
Context: 1,806,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Metallurgical Results (7)
Fact 1Lion · copperRecovery: 98.5 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- copper
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 98.5 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The high copper recovery applied in the MRE reflects strong metallurgical test results and provides confidence in the economic viability of the resource.
Positive factors
- Exceptional copper recovery applied in MRE
- High confidence in metallurgical assumptions for resource modeling
Evidence · table
“98.5 %”
Context: Cu
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 98.5% is at or above the exceptional band (92%)
Fact 2Lion · nickelRecovery: 63 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- nickel
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 63 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The nickel recovery applied in the MRE is moderate, reflecting the lower recoveries observed in test work compared to copper and PGEs.
Positive factors
- Recovery applied in MRE for nickel
Evidence · table
“63 %”
Context: Ni
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 63% is below the weak band (75%)
Fact 3Lion · palladiumRecovery: 92 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- palladium
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 92 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The high palladium recovery applied in the MRE reflects strong metallurgical test results and provides confidence in the economic viability of the resource.
Positive factors
- Exceptional palladium recovery applied in MRE
- High confidence in metallurgical assumptions for resource modeling
Evidence · table
“92 %”
Context: Pd
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Fact 4Lion · platinumRecovery: 90 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- platinum
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 90 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The high platinum recovery applied in the MRE reflects strong metallurgical test results and provides confidence in the economic viability of the resource.
Positive factors
- Exceptional platinum recovery applied in MRE
- High confidence in metallurgical assumptions for resource modeling
Evidence · table
“90 %”
Context: Pt
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Fact 5Lion · goldRecovery: 84 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- gold
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 84 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The good gold recovery applied in the MRE reflects positive metallurgical test results and supports the economic viability of the resource.
Positive factors
- Good gold recovery applied in MRE
- Confidence in metallurgical assumptions for resource modeling
Evidence · table
“84 %”
Context: Au
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Fact 6Lion · silverRecovery: 82 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- silver
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 82 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The good silver recovery applied in the MRE reflects positive metallurgical test results and supports the economic viability of the resource.
Positive factors
- Good silver recovery applied in MRE
- Confidence in metallurgical assumptions for resource modeling
Evidence · table
“82 %”
Context: Ag
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
Fact 7Lion · cobaltRecovery: 70 %View all detailsHide details
Identity
- Project
- Lion
- Commodity
- cobalt
- Ticker
- PNPN
Test Work
- Program Status
- detailed
Recovery
- Recovery
- 70 %
- Recovery Basis
- theoretical
Lab
- Laboratory
- SGS
- Consultant
- SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-11T00:00:00.000Z
Reasoning: The cobalt recovery applied in the MRE is good, contributing to the overall polymetallic value of the resource.
Positive factors
- Recovery applied in MRE for cobalt
- Cobalt is a critical mineral
Evidence · table
“70 %”
Context: Co
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.