SSR Mining Announces Initial 12 Year Life of Mine Plan for CC&V With an NPV5% of $824M and Potential for Further Mineral Reserve Conversion

Original announcement by tmx on

Company
SSR Mining Inc.
Ticker
SSRM
Exchange
TSX
Region
Colorado, USA
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Economic study
Extracted
2026-09-19 01:13:33 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

SSR Mining announced the results of a Technical Report Summary for its Cripple Creek & Victor Gold Mine, outlining a 12-year mine life with a post-tax NPV5% of $824 million at consensus gold prices. The plan projects average annual gold production of 141,000 ounces over the first three years and highlights significant Measured & Indicated and Inferred Mineral Resources for future growth. The study also details operating metrics including a low strip ratio and average gold recovery, and confirms the acquisition's high IRR.

Reasoning: SSR Mining announced a robust 12-year life of mine plan for its CC&V gold mine, demonstrating strong economics with an $824M NPV5% and significant resource upside. While the AISC is on the higher side and recovery is moderate, the overall project profile is positive, supported by a low strip ratio and substantial resource base.

Positive factors

  • Strong project economics with a post-tax NPV5% of $824M and a 12-year mine life.
  • Significant gold production profile with average annual production of 141 koz over the first three years.
  • Low life-of-mine strip ratio of 0.65:1, indicating favorable mining conditions.
  • Substantial Measured & Indicated Mineral Resources (4.8 Moz) and Inferred Resources (2.0 Moz) provide significant growth potential beyond current reserves.
  • The study is prepared in accordance with S-K 1300, a high reporting standard.
  • The acquisition of CC&V has an implied after-tax transaction IRR in excess of 100%, indicating a highly successful acquisition.

Negative factors

  • The average life of mine gold recovery of 51.6% is relatively low for gold processing, though typical for heap leach operations.
  • The AISC of $2,135/oz over the first five years is at the higher end of the cost curve, indicating a marginal operation at current prices.

Facts used in scoring: 9

Extracted facts

Stored fact records: 9. Some facts used in scoring do not have a stored record.

Resource Estimates (9)

probableCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 235134000Grade: 0.37Grade Unit: g/tContained Metal: 2814Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
reserve
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:931e1c0f4b7a46b2e46e
Deposit or zone
Total P+P Reserves
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
probable
Tonnes
235134000
Grade
0.37
Grade Unit
g/t
Contained Metal
2814
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The total Proven + Probable Reserves of 2.814 Moz gold provide a strong foundation for the mine plan, reported under S-K 1300 standards.

Positive factors

  • Large Proven + Probable Reserve base of 2.814 Moz gold.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“235,134”

Context: 235,134

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The fact represents total P+P Reserves, which are Probable Reserves with demonstrated economic viability.

Evidence · table

“Total P+P Reserves”

Context: 235,134

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Reserve estimate was prepared in accordance with SK-1300, which is equivalent to NI 43-101 in terms of reporting standards.

Evidence · text

“The Mineral Reserve estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

indicatedCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 344844000Grade: 0.44Grade Unit: g/tContained Metal: 4845Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
resource
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:558ef0411e916496eeb9
Deposit or zone
M&I Mineral Resources
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
indicated
Tonnes
344844000
Grade
0.44
Grade Unit
g/t
Contained Metal
4845
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The large M&I resource base provides strong confidence in the project's long-term potential and future reserve conversion, reported under S-K 1300 standards.

Positive factors

  • Substantial Measured & Indicated Mineral Resources of 4.845 Moz gold, exclusive of reserves, indicating significant future growth potential.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“344,844”

Context: 344,844

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 fact represents M&I Mineral Resources, which are Indicated Resources with reasonable geological confidence.

Evidence · table

“M&I Mineral Resources”

Context: 344,844

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resources estimate was prepared in accordance with SK-1300, which is equivalent to NI 43-101 in terms of reporting standards.

Evidence · text

“The Mineral Resources estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

inferredCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 149603000Grade: 0.41Grade Unit: g/tContained Metal: 1966Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
resource
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:061ba9a50ec37d144a9a
Deposit or zone
Inferred Mineral Resources
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
inferred
Tonnes
149603000
Grade
0.41
Grade Unit
g/t
Contained Metal
1966
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The Inferred Mineral Resources provide additional upside potential for the project, reported under S-K 1300 standards.

Positive factors

  • Additional 2.0 Moz of Inferred Mineral Resources, indicating further exploration upside.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“149,603”

Context: 149,603

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 fact represents Inferred Mineral Resources, which is a speculative category with limited drilling.

Evidence · table

“Inferred Mineral Resources”

Context: 149,603

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resources estimate was prepared in accordance with SK-1300, which is equivalent to NI 43-101 in terms of reporting standards.

Evidence · text

“The Mineral Resources estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

provenCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 115160000Grade: 0.43Grade Unit: g/tContained Metal: 1594Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
reserve
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:1fe929ed6e2969be2d56
Deposit or zone
CC&V (OP)
Mining method
open_pit
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
proven
Tonnes
115160000
Grade
0.43
Grade Unit
g/t
Contained Metal
1594
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The Proven Reserves contribute significantly to the overall reserve base, reported under S-K 1300 standards.

Positive factors

  • Significant Proven Reserves of 1.594 Moz gold.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“115,160”

Context: 115,160

Tags used in scoring

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Reserve estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Reserve estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Proven ReserveRejected · positive

Measured Resource with demonstrated economic viability after applying modifying factors.

Reason: The fact represents Proven Reserves, the highest confidence category for reserves.

Evidence · table

“Proven Tonnage (kt)”

Context: 115,160

probableCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 48493000Grade: 0.4Grade Unit: g/tContained Metal: 627Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
reserve
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:b25c98369bb5a73c711e
Deposit or zone
CC&V (OP)
Mining method
open_pit
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
probable
Tonnes
48493000
Grade
0.4
Grade Unit
g/t
Contained Metal
627
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The Probable Reserves contribute to the overall reserve base, reported under S-K 1300 standards.

Positive factors

  • Probable Reserves of 0.627 Moz gold.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“48,493”

Context: 48,493

Tags used in scoring

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Reserve estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Reserve estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Probable ReserveRejected · positive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Reason: The fact represents Probable Reserves, which are Indicated Resources with demonstrated economic viability.

Evidence · table

“Probable Tonnage (kt)”

Context: 48,493

probableCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 71481000Grade: 0.26Grade Unit: g/tContained Metal: 593Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
reserve
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:7e2b8bc401bba5b42b8b
Deposit or zone
Stockpile
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
probable
Tonnes
71481000
Grade
0.26
Grade Unit
g/t
Contained Metal
593
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The stockpile reserves contribute to the overall reserve base, providing immediate feed for the operation, reported under S-K 1300 standards.

Positive factors

  • Probable Reserves from Stockpile of 0.593 Moz gold, providing readily available feed.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“71,481”

Context: 71,481

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The fact represents Probable Reserves from the Stockpile.

Evidence · table

“Stockpile”

Context: 71,481

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Reserve estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Reserve estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

measuredCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 157193000Grade: 0.49Grade Unit: g/tContained Metal: 2458Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
resource
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:fa97a1a2c95e8e688940
Deposit or zone
CC&V (OP)
Mining method
open_pit
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
measured
Tonnes
157193000
Grade
0.49
Grade Unit
g/t
Contained Metal
2458
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The Measured Resources represent a high-confidence portion of the resource base, reported under S-K 1300 standards.

Positive factors

  • Large Measured Resources of 2.458 Moz gold, indicating high confidence.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“157,193”

Context: 157,193

Tags used in scoring

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resources estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Resources estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Measured ResourceRejected · positive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Reason: The fact represents Measured Resources, the highest confidence category for resources.

Evidence · table

“Measured Tonnage (kt)”

Context: 157,193

indicatedCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 149138000Grade: 0.43Grade Unit: g/tContained Metal: 2079Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
resource
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:ca750c81e88be449953f
Deposit or zone
CC&V (OP)
Mining method
open_pit
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
indicated
Tonnes
149138000
Grade
0.43
Grade Unit
g/t
Contained Metal
2079
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The Indicated Resources contribute significantly to the overall resource base, reported under S-K 1300 standards.

Positive factors

  • Indicated Resources of 2.079 Moz gold, providing reasonable geological confidence.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“149,138”

Context: 149,138

Tags used in scoring

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resources estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Resources estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Indicated ResourceRejected · positive

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

Reason: The fact represents Indicated Resources, which have reasonable geological confidence.

Evidence · table

“Indicated Tonnage (kt)”

Context: 149,138

indicatedCripple Creek & Victor Gold Mine (CC&V) · goldTonnes: 38514000Grade: 0.25Grade Unit: g/tContained Metal: 308Contained Unit: kozView all details
Link to this fact

Identity

Project
Cripple Creek & Victor Gold Mine (CC&V)
Commodity
gold
Region
usa_co
Reported Region
Colorado, USA
Ticker
SSRM

Resource scope

Estimate type
resource
Effective date
2025-07-01T00:00:00.000Z
Reporting standards
sec_sk1300
QP Signed
Yes
Resource group id
resource:3549838c4a8f77be55d1
Deposit or zone
Stockpile
Ownership percent
100 %
Resource basis
attributable

Resource Data

Category
indicated
Tonnes
38514000
Grade
0.25
Grade Unit
g/t
Contained Metal
308
Contained Unit
koz

Prior Estimate

Resource Date
2025-07-01

Review

Needs Review
No
Historical
No

Dates

Event date
2025-11-11T00:00:00.000Z

Reasoning: The stockpile resources contribute to the overall resource base, providing immediate feed for the operation, reported under S-K 1300 standards.

Positive factors

  • Indicated Resources from Stockpile of 0.308 Moz gold, providing readily available feed.
  • Estimate prepared in accordance with S-K 1300, a high reporting standard.
  • 100% attributable to SSR Mining.

Evidence · table

“38,514”

Context: 38,514

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 fact represents Indicated Resources from the Stockpile.

Evidence · table

“Stockpile”

Context: 38,514

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The Mineral Resources estimate was prepared in accordance with SK-1300.

Evidence · text

“The Mineral Resources estimate was prepared in accordance with SK-1300”

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 scientific and technical information has been reviewed and verified by SLR International Corporation, a 'qualified person' under S-K 1300.

Evidence · text

“The scientific and technical information concerning our mineral projects in this news release have been reviewed and verified by SLR International Corporation, a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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.