# QMC Receives Work Permit for Irgon Lithium Mine Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/qmc-receives-work-permit-for-irgon-lithium-mine-project--385be2e0-3c40-4255-a735-8ed06380365f Original source: https://money.tmx.com/en/quote/QMC/news/7294700246701264/qmc-receives-work-permit-for-irgon-lithium-mine-project Publisher: tmx Original announcement: 2023-02-22T08:05:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Quantum Minerals Corp. - Ticker: QMC - Exchange: TSX - Region: Manitoba - Primary commodity: Lithium - Secondary commodities: None reported - Document categories: Resource update, Permitting, Metallurgy - Extracted: 2026-09-16 19:28:26 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary QMC has received a work permit from the Government of Manitoba for the Irgon Lithium Mine Project. The company plans to conduct field mapping and channel sampling to extend the known strike length of the Irgon Dike, which has been observed to reach 800m on surface. Reasoning: The announcement is primarily about receiving a work permit to advance exploration, while restating a historical resource that requires a pending NI 43-101 update. - Positive factor: Receipt of work permit from Government of Manitoba - Positive factor: Extension of strike length from 365m to 800m observed on surface - Positive factor: Excellent existing infrastructure and proximity to TANCO mine - Negative factor: Historical resource estimate does not meet current NI 43-101 standards - Negative factor: Historical estimate is not treated as current mineral resource or reserve Facts used in scoring: 2 ## Classification and evidence **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The resource estimate cited is from 1953-1954 and does not comply with current NI 43-101 standards. Evidence · text > This historical resource estimate is believed to be based on reasonable assumptions... \[but\] does not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101 **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: Project is located 20km north of the active TANCO mine. Evidence · text > located only 20 kilometres north of the Sinomine Rare Metal Resources Group's TANCO Mine **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### Irgon Dike [Link to this fact](https://atlas-extractions.minestarters.com/news/qmc-receives-work-permit-for-irgon-lithium-mine-project--385be2e0-3c40-4255-a735-8ed06380365f#fact-resource-facts-0) Irgon Lithium Mine · lithium Historical result Needs review: historical\_restatement #### Identity - Project: Irgon Lithium Mine - Commodity: lithium - Region: canada\_mb - Reported Region: Manitoba - Ticker: QMC #### Resource scope - Estimate type: resource - Resource group id: resource:340c766f45689c96340e - Deposit or zone: Irgon Dike #### Resource Data - Tonnes: 1200000 - Grade: 1.51 - Grade Unit: % Li2O #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 1956-01-01T00:00:00.000Z #### Dates - Event date: 2023-02-22T00:00:00.000Z Reasoning: Historical resource restatement. - Negative factor: Does not meet NI 43-101 standards Evidence · text > reported a historical resource estimate on the Irgon Dike of 1.2 million tons grading 1.51% Li 2 O #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 67.1 years before this release ## Metallurgical Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/qmc-receives-work-permit-for-irgon-lithium-mine-project--385be2e0-3c40-4255-a735-8ed06380365f#fact-metallurgical-facts-1) Irgon Lithium Mine · lithium #### Identity - Project: Irgon Lithium Mine - Commodity: lithium - Region: canada\_mb - Reported Region: Manitoba - Ticker: QMC #### Recovery - Recovery: 87 % - Recovery Basis: unspecified - Conc. Grade: 5.9 - Conc. Grade Unit: % Li2O #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-22T00:00:00.000Z Reasoning: Historical metallurgical results restated. - Positive factor: High recovery reported Evidence · text > Historic metallurgical tests reported an 87% recovery from which a concentrate averaging 5.9% Li 2 O was obtained. #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 87% is at or above the exceptional band \(80%\) ## 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.