# Rathdowney's Project Olza Update: Progress toward a Mining License continues - Development focus now on Zawiercie & Rokitno Concessions Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/rathdowney-s-project-olza-update-progress-toward-a-mining-license-continues-deve--522938d3-f76e-410d-914f-23e0d0173056 Original source: https://money.tmx.com/en/quote/RTH/news/7721590106065148/rathdowney-s-project-olza-update-progress-toward-a-mining-license-continues-deve Publisher: tmx Original announcement: 2019-08-27T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Rathdowney Resources Ltd. - Ticker: RTH - Exchange: TSX - Region: Poland - Primary commodity: Zinc - Secondary commodities: Lead, Silver - Document categories: Resource update, Permitting - Extracted: 2026-09-12 23:35:50 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Rathdowney Resources provided an update on Project Olza in Poland, highlighting an increased NPV of US$219 million when applying a 5% discount rate. The company has completed the second phase of required geological documentation for its mining license application and maintains an Inferred resource of 24 Mt at 7.02% Zn-Pb. Reasoning: The update provides a refresh of economic potential \(NPV\) and confirms progress in the permitting process, though the resource remains in the speculative Inferred category. - Positive factor: Strong NPV at 5% discount rate - Positive factor: High cash flow projections - Positive factor: Successful completion of geological documentation phase - Positive factor: Strategic location with existing infrastructure - Negative factor: Resource is entirely Inferred - Negative factor: Exploration target is conceptual and not a mineral resource Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The current resource of 24 Mt is categorized as Inferred. Evidence · text > Current inferred resources \(in the 30% area described above\) are 24 million tonnes at a grade of 7.02% \(zinc plus lead\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical disclosure and exploration target range are defined under NI 43-101 standards. Evidence · text > The study outlined an Exploration Target Range \(as defined under 43-101\) ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/rathdowney-s-project-olza-update-progress-toward-a-mining-license-continues-deve--522938d3-f76e-410d-914f-23e0d0173056#fact-resource-facts-0) Project Olza · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Project Olza - Commodity: zinc - Region: poland - Reported Region: Poland - Ticker: RTH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: L. Roberts - Resource group id: resource:a1475d3dedd9cf663da2 - Deposit or zone: Olza - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 24000000 - Grade: 5.53 - Grade Unit: % #### Prior Estimate - Resource Date: 2015-02-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2015-02-01T00:00:00.000Z #### Dates - Event date: 2019-08-27T00:00:00.000Z Reasoning: The zinc component is part of a larger Zn-Pb inferred resource. - Positive factor: Significant tonnage for an inferred resource - Negative factor: Speculative category Evidence · text > Current inferred resources \(in the 30% area described above\) are 24 million tonnes at a grade of 7.02% \(zinc plus lead\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.6 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/rathdowney-s-project-olza-update-progress-toward-a-mining-license-continues-deve--522938d3-f76e-410d-914f-23e0d0173056#fact-resource-facts-1) Project Olza · lead Historical result Needs review: historical\_restatement #### Identity - Project: Project Olza - Commodity: lead - Region: poland - Reported Region: Poland - Ticker: RTH #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: L. Roberts - Resource group id: resource:a1475d3dedd9cf663da2 - Deposit or zone: Olza - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 24000000 - Grade: 1.49 - Grade Unit: % #### Prior Estimate - Resource Date: 2015-02-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2015-02-01T00:00:00.000Z #### Dates - Event date: 2019-08-27T00:00:00.000Z Reasoning: The lead component is part of a larger Zn-Pb inferred resource. - Positive factor: Significant tonnage for an inferred resource - Negative factor: Speculative category Evidence · text > Current inferred resources \(in the 30% area described above\) are 24 million tonnes at a grade of 7.02% \(zinc plus lead\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.6 years before this release ## 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.