Sama Resources Announces Results of its New Preliminary Economic Assessment for the Samapleu-Grata Nickel-Copper Project, Cote d'Ivoire

Original announcement by tmx on

Company
Sama Resources Inc.
Ticker
SME
Exchange
TSX
Region
Côte d’Ivoire, West Africa
Primary commodity
Nickel
Secondary commodities
Copper, Platinum, Palladium, Gold, Cobalt
Document categories
Resource update, Economic study, Metallurgy
Extracted
2026-09-16 23:17:12 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Sama Resources announced a new Preliminary Economic Assessment (PEA) for its Samapleu-Grata Nickel-Copper Project in Côte d’Ivoire, West Africa. The PEA outlines a 16.1-year open-pit operation with a post-tax NPV of US$257 million and an IRR of 22.3%, based on a conventional flotation flowsheet producing nickel and copper concentrates. The study incorporates an updated Mineral Resource Estimate, which includes a 29% increase in Indicated resources and a maiden Inferred resource for the Sipilou Sud Laterite Deposit. Metallurgical testwork confirmed high recoveries for nickel and copper, with concentrates expected to be clean and saleable.

Reasoning: Sama Resources announced a new Preliminary Economic Assessment for its Samapleu-Grata Nickel-Copper Project, demonstrating positive economics with a post-tax IRR of 22.3% and a 3.8-year payback. The study is supported by an updated Mineral Resource Estimate showing a 29% increase in Indicated resources and a maiden resource for the Sipilou Sud Laterite Deposit, along with confirmed conventional flotation metallurgy achieving high recoveries. However, the study is preliminary, relies on inferred resources, and reports lower NPV/IRR compared to a prior PEA due to nickel price assumptions. Disclosure on price deck benchmarks and full sensitivity analysis is also limited.

Positive factors

  • New PEA demonstrates positive economics with strong IRR and fast payback.
  • Updated MRE shows significant increase in Indicated resources and a new deposit.
  • Metallurgical testwork confirms robust conventional flowsheet with high recoveries and clean concentrates.
  • Project has long mine life and low capital intensity compared to peers.

Negative factors

  • PEA is preliminary and includes a significant portion of inferred resources.
  • NPV and IRR are lower than the prior 2020 PEA, primarily due to lower nickel prices.
  • Study lacks detailed disclosure on price deck benchmarks and full sensitivity analysis.
  • TSF type is undisclosed, which can be a risk factor.

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 107

Classification and evidence

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: A current resource fact retains the disclosed cut-off grade

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The source explicitly discloses a revised resource estimate

Evidence · text

“updated mineral resource”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a mill_cil route ("concentrator")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 105. Some facts used in scoring do not have a stored record.

Resource Estimates (100)

indicatedSamapleu-Grata Nickel-Copper Project · nickelTonnes: 15248000Grade: 0.26Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.26
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · copperTonnes: 15248000Grade: 0.22Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.22
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · platinumTonnes: 15248000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 15248000Grade: 0.31Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.31
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · goldTonnes: 15248000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 15248000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db94e78445a16d1cac4a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Main deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · nickelTonnes: 514000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.25
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · copperTonnes: 514000Grade: 0.16Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.16
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · platinumTonnes: 514000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 514000Grade: 0.45Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.45
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · goldTonnes: 514000Grade: 0.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.02
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 514000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:e54cca1eb5aed920886c
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Extension deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · nickelTonnes: 3645000Grade: 0.28Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.28
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · copperTonnes: 3645000Grade: 0.29Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.29
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · platinumTonnes: 3645000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.11
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 3645000Grade: 0.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.32
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · goldTonnes: 3645000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 3645000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:7bdb41d567c85cadc83b
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This indicated resource for the Grata deposit contributes to the 29% increase in Indicated resources for the project, enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · nickelTonnes: 19407000Grade: 0.26Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.26
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · copperTonnes: 19407000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.23
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · platinumTonnes: 19407000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 19407000Grade: 0.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.32
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · goldTonnes: 19407000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 19407000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:1766f3199a879afac4b5
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total indicated resource represents a 29% increase over the 2023 Mineral Resource Statement, significantly enhancing confidence and scale. However, the overall resource still has a large inferred component.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

“Indicated”

Context: Total

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: The indicated mineral resources increased to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement.

Evidence · text

“increase in indicated mineral resources to 19.4 Mt, a 29% increase over the 2023 Mineral Resource Statement”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · nickelTonnes: 21342000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.25
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · copperTonnes: 21342000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.21
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · platinumTonnes: 21342000Grade: 0.07Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.07
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 21342000Grade: 0.28Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.28
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · goldTonnes: 21342000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 21342000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:db7de44a8f97fe523e5a
Deposit or zone
Main
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Main deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Main

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · nickelTonnes: 10885000Grade: 0.28Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.28
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · copperTonnes: 10885000Grade: 0.22Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.22
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · platinumTonnes: 10885000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 10885000Grade: 0.48Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.48
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · goldTonnes: 10885000Grade: 0.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.02
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 10885000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:fb9acbebca735b59b138
Deposit or zone
Extension
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.02
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Extension deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Extension

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · nickelTonnes: 67272000Grade: 0.24Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.24
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · copperTonnes: 67272000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.25
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · platinumTonnes: 67272000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 67272000Grade: 0.26Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.26
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · goldTonnes: 67272000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 67272000Grade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:c970c67cb931f12d47ae
Deposit or zone
Grata
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.01
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This inferred resource for the Grata deposit contributes to the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Grata

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · nickelTonnes: 99499000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.25
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · copperTonnes: 99499000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.23
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · platinumTonnes: 99499000Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.09
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · palladiumTonnes: 99499000Grade: 0.29Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.29
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · goldTonnes: 99499000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
gold
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 99499000Grade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:9574532f7a7d4cbd4171
Deposit or zone
Total
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.01
Grade Unit
%
Cutoff Grade
16.34
Cutoff Unit
$/t of mineralized material

Prior Estimate

Resource Date
2024-03-21

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This total inferred resource represents a significant portion of the overall resource, but its speculative nature limits confidence for economic studies.

Positive factors

  • Category Upgrade
  • Tonnage Growth

Negative factors

  • Inferred Heavy

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Total

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · nickelTonnes: 2095000Grade: 1.75Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:236e2fb8a6d5f2f81e81
Deposit or zone
Sipilou South
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
2095000
Grade
1.75
Grade Unit
%
Cutoff Grade
1.1
Cutoff Unit
% Ni Grade

Prior Estimate

Resource Date
2024-03-21

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This is a maiden inferred resource for the Sipilou Sud Laterite Deposit, adding a new deposit to the project. However, it is entirely in the inferred category, limiting its current economic viability.

Positive factors

  • Maiden Resource

Negative factors

  • All Inferred

Tags used in scoring

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: A maiden mineral resource estimate was completed for the Sipilou Sud Laterite Deposit.

Evidence · text

“A maiden mineral resource estimate was also completed for the Sipilou Sud Laterite Deposit”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Sipilou South

All Inferrednegative

M&I share below the weak bound — very early stage, no engineering confidence.

Why it applies: The maiden resource for Sipilou Sud is entirely in the Inferred category.

Evidence · table

“Inferred”

Context: Sipilou South

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredSamapleu-Grata Nickel-Copper Project · cobaltTonnes: 2095000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Todd McCracken
Resource group id
resource:236e2fb8a6d5f2f81e81
Deposit or zone
Sipilou South
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
2095000
Grade
0.05
Grade Unit
%
Cutoff Grade
1.1
Cutoff Unit
% Ni Grade

Prior Estimate

Resource Date
2024-03-21

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: This is a maiden inferred resource for the Sipilou Sud Laterite Deposit, adding a new deposit to the project. However, it is entirely in the inferred category, limiting its current economic viability.

Positive factors

  • Maiden Resource

Negative factors

  • All Inferred

Tags used in scoring

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: A maiden mineral resource estimate was completed for the Sipilou Sud Laterite Deposit.

Evidence · text

“A maiden mineral resource estimate was also completed for the Sipilou Sud Laterite Deposit”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.

Evidence · table

“Inferred”

Context: Sipilou South

All Inferrednegative

M&I share below the weak bound — very early stage, no engineering confidence.

Why it applies: The maiden resource for Sipilou Sud is entirely in the Inferred category.

Evidence · table

“Inferred”

Context: Sipilou South

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Evidence · text

“in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects”

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: The resource estimate was prepared by Todd McCracken, P.Geo, a Qualified Person.

Evidence · text

“The resource estimate was prepared by Todd McCracken, P.Geo, of BBA International Inc.”

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

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · nickelTonnes: 15248000Grade: 0.26Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.26
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.26”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · copperTonnes: 15248000Grade: 0.22Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.22
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.22”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · platinumTonnes: 15248000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.1
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · palladiumTonnes: 15248000Grade: 0.31Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.31
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.31”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · goldTonnes: 15248000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · cobaltTonnes: 15248000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:3509c01f785f947a2cd9
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
15248000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 15,248,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · nickelTonnes: 514000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.25
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · copperTonnes: 514000Grade: 0.16Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.16
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.16”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · platinumTonnes: 514000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.1
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · palladiumTonnes: 514000Grade: 0.45Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.45
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.45”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · goldTonnes: 514000Grade: 0.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.02
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · cobaltTonnes: 514000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:53dba7d841c446f7f197
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
514000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 514,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · nickelTonnes: 3645000Grade: 0.28Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.28
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.28”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · copperTonnes: 3645000Grade: 0.29Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.29
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.29”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · platinumTonnes: 3645000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.11
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.11”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · palladiumTonnes: 3645000Grade: 0.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.32
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.32”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · goldTonnes: 3645000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · cobaltTonnes: 3645000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:444998928b1a0385555d
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
3645000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 3,645,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · nickelTonnes: 19407000Grade: 0.26Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.26
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.26”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · copperTonnes: 19407000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.23
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · platinumTonnes: 19407000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.1
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · palladiumTonnes: 19407000Grade: 0.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.32
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.32”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · goldTonnes: 19407000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedExtension and Grata · cobaltTonnes: 19407000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:c290ce952d330bbfa210
Mining method
open_pit

Resource Data

Category
indicated
Tonnes
19407000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 19,407,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · nickelTonnes: 21342000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.25
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · copperTonnes: 21342000Grade: 0.21Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.21
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.21”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · platinumTonnes: 21342000Grade: 0.07Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.07
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.07”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · palladiumTonnes: 21342000Grade: 0.28Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.28
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.28”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · goldTonnes: 21342000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · cobaltTonnes: 21342000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:31ab560d197cf565a2c9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
21342000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 21,342,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · nickelTonnes: 10885000Grade: 0.28Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.28
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.28”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · copperTonnes: 10885000Grade: 0.22Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.22
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.22”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · platinumTonnes: 10885000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.1
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · palladiumTonnes: 10885000Grade: 0.48Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.48
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.48”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · goldTonnes: 10885000Grade: 0.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.02
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · cobaltTonnes: 10885000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:94d511e7712060c55dc9
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
10885000
Grade
0.02
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.02”

Context: 10,885,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · nickelTonnes: 67272000Grade: 0.24Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.24
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.24”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · copperTonnes: 67272000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.25
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · platinumTonnes: 67272000Grade: 0.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.1
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · palladiumTonnes: 67272000Grade: 0.26Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.26
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.26”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · goldTonnes: 67272000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · cobaltTonnes: 67272000Grade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:d8576e8e286c4ce25893
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
67272000
Grade
0.01
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.01”

Context: 67,272,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · nickelTonnes: 99499000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.25
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.25”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · copperTonnes: 99499000Grade: 0.23Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
copper
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.23
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.23”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · platinumTonnes: 99499000Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
platinum
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.09
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.09”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · palladiumTonnes: 99499000Grade: 0.29Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
palladium
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.29
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.29”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · goldTonnes: 99499000Grade: 0.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
gold
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.04
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.04”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredExtension and Grata · cobaltTonnes: 99499000Grade: 0.01Grade Unit: %View all details
Link to this fact

Identity

Project
Extension and Grata
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:5812f34877edbf389a84
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
99499000
Grade
0.01
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.01”

Context: 99,499,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMaiden Mineral Resource Estimate for the Sipilou Sud Laterite · nickelTonnes: 2095000Grade: 1.75Grade Unit: %View all details
Link to this fact

Identity

Project
Maiden Mineral Resource Estimate for the Sipilou Sud Laterite
Commodity
nickel
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:84bb19b88bce27d6c6e2
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
2095000
Grade
1.75
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“1.75”

Context: 2,095,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMaiden Mineral Resource Estimate for the Sipilou Sud Laterite · cobaltTonnes: 2095000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Maiden Mineral Resource Estimate for the Sipilou Sud Laterite
Commodity
cobalt
Ticker
SME

Resource scope

Estimate type
resource
Effective date
2024-03-21T00:00:00.000Z
Reporting standards
ni_43_101
Resource group id
resource:84bb19b88bce27d6c6e2
Mining method
open_pit

Resource Data

Category
inferred
Tonnes
2095000
Grade
0.05
Grade Unit
%

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.05”

Context: 2,095,000

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Metallurgical Results (5)

locked-cycleSamapleu-Grata Nickel-Copper Project · copperRecovery: 83 %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
copper
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
flotation
Sample
Main Deposit

Recovery

Recovery
83 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: The Main Deposit achieved a strong copper recovery of 83% in locked-cycle flotation tests, indicating a robust process for this domain.

Positive factors

  • High Recovery
  • Pilot Scale Complete
  • Free Milling
  • Recovery Improving

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Copper recovery of 83% is strong for flotation.

Evidence · text

“83% copper recovery for the Main Deposit”

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The testwork included multiple locked cycle tests, which are considered strong bench-scale tests simulating recycle streams.

Evidence · text

“multiple locked cycle tests”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.

Evidence · text

“Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new conventional flotation process improved copper recoveries and allowed for by-product credits compared to the 2020 PEA's novel process.

Evidence · text

“Accordingly, when work commenced for the 2024 PEA the focus turned to examining the potential to use more conventional processes that would preserve or enhance copper and nickel recoveries and allow revenue to be earned from the cobalt and precious metals.”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

locked-cycleSamapleu-Grata Nickel-Copper Project · nickelRecovery: 72 %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
nickel
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
flotation
Sample
Grata Deposit

Recovery

Recovery
72 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: The Grata Deposit achieved a high nickel recovery of 72% in locked-cycle flotation tests, indicating a robust and efficient process for this domain.

Positive factors

  • High Recovery
  • Pilot Scale Complete
  • Free Milling
  • Recovery Improving

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Nickel recovery of 72% is at or above the exceptional band for flotation.

Evidence · text

“72% for the Grata Deposit”

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The testwork included multiple locked cycle tests, which are considered strong bench-scale tests simulating recycle streams.

Evidence · text

“multiple locked cycle tests”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.

Evidence · text

“Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new conventional flotation process improved nickel recoveries and allowed for by-product credits compared to the 2020 PEA's novel process.

Evidence · text

“Accordingly, when work commenced for the 2024 PEA the focus turned to examining the potential to use more conventional processes that would preserve or enhance copper and nickel recoveries and allow revenue to be earned from the cobalt and precious metals.”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 72% is below the weak band (75%)

locked-cycleSamapleu-Grata Nickel-Copper Project · cobaltRecovery: 50 %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
cobalt
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
flotation

Recovery

Recovery
50 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Cobalt recoveries of 50-60% in locked-cycle flotation tests are moderate, but represent a new by-product credit compared to the prior PEA, enhancing project economics.

Positive factors

  • Pilot Scale Complete
  • Free Milling
  • Recovery Improving

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The testwork included multiple locked cycle tests, which are considered strong bench-scale tests simulating recycle streams.

Evidence · text

“multiple locked cycle tests”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.

Evidence · text

“Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new conventional flotation process allowed revenue to be earned from cobalt, which was not envisioned in the 2020 PEA.

Evidence · text

“allow revenue to be earned from the cobalt and precious metals”

Byproduct Commodityneutral

The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: Cobalt is mentioned as a by-product in the PEA.

Evidence · text

“together with cobalt, platinum, palladium and gold as by-products”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

locked-cycleSamapleu-Grata Nickel-Copper Project · platinumRecovery: 60 %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
platinum
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
flotation

Recovery

Recovery
60 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Combined platinum and palladium recoveries of 60-70% in locked-cycle flotation tests are moderate, but represent new by-product credits compared to the prior PEA, enhancing project economics.

Positive factors

  • Pilot Scale Complete
  • Free Milling
  • Recovery Improving

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The testwork included multiple locked cycle tests, which are considered strong bench-scale tests simulating recycle streams.

Evidence · text

“multiple locked cycle tests”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.

Evidence · text

“Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new conventional flotation process allowed revenue to be earned from platinum, which was not envisioned in the 2020 PEA.

Evidence · text

“allow revenue to be earned from the cobalt and precious metals”

Byproduct Commodityneutral

The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: Platinum is mentioned as a by-product in the PEA.

Evidence · text

“together with cobalt, platinum, palladium and gold as by-products”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

locked-cycleSamapleu-Grata Nickel-Copper Project · palladiumRecovery: 60 %View all details
Link to this fact

Identity

Project
Samapleu-Grata Nickel-Copper Project
Commodity
palladium
Region
côte d’ivoire, west africa
Reported Region
Côte d’Ivoire, West Africa
Ticker
SME

Test Work

Program Status
detailed
Test Type
locked-cycle
Processing Route
flotation

Recovery

Recovery
60 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2024-03-21T00:00:00.000Z

Reasoning: Combined platinum and palladium recoveries of 60-70% in locked-cycle flotation tests are moderate, but represent new by-product credits compared to the prior PEA, enhancing project economics.

Positive factors

  • Pilot Scale Complete
  • Free Milling
  • Recovery Improving

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The testwork included multiple locked cycle tests, which are considered strong bench-scale tests simulating recycle streams.

Evidence · text

“multiple locked cycle tests”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.

Evidence · text

“Both concentrates are expected to be clean with very low levels of penalty elements such as antimony or arsenic.”

Recovery Improvingpositive

Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new conventional flotation process allowed revenue to be earned from palladium, which was not envisioned in the 2020 PEA.

Evidence · text

“allow revenue to be earned from the cobalt and precious metals”

Byproduct Commodityneutral

The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: Palladium is mentioned as a by-product in the PEA.

Evidence · text

“together with cobalt, platinum, palladium and gold as by-products”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.