# Surge Copper Files NI 43-101 Technical Report for the Berg PFS Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--5ecfe1db-9674-42bd-94aa-75a3cc8e3635 Original source: https://money.tmx.com/en/quote/SURG/news/7150573720118895/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs Publisher: tmx Original announcement: 2026-07-30T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Surge Copper Corp. - Ticker: SURG - Exchange: TSX - Region: British Columbia - Primary commodity: Copper - Secondary commodities: Molybdenum, Silver, Gold - Document categories: Resource update, Other - Extracted: 2026-09-13 02:32:29 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Surge Copper has filed a NI 43-101 Technical Report for the Berg Copper Project in British Columbia, supporting its Pre-Feasibility Study \(PFS\). The PFS highlights a 1.2 billion tonne reserve base grading 0.22% Cu, with an after-tax NPV of C$4.6 billion and an IRR of 24%. Reasoning: The document files a formal NI 43-101 Technical Report supporting a previously announced Pre-Feasibility Study \(PFS\) for the Berg Copper Project, confirming strong economics and a large reserve base. - Positive factor: Strong base-case economics \(NPV 8% of C$4.6 billion\) - Positive factor: Large-scale reserve base \(1.2 billion tonnes\) - Positive factor: Long operating life \(28 years\) - Positive factor: High IRR \(24%\) - Negative factor: High initial capital requirement \(C$4.7 billion\) - Negative factor: Results are a restatement of June 15, 2026 announcement Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides a formal technical report supporting the PFS results previously announced. Evidence · text > The Technical Report supports the Company’s June 15, 2026 news release announcing the results of the Pre-Feasibility Study \(“PFS"\) ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--5ecfe1db-9674-42bd-94aa-75a3cc8e3635#fact-resource-facts-0) Berg Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Berg Copper Project - Commodity: copper - Region: canada\_bc - Reported Region: British Columbia - Ticker: SURG #### Resource scope - Estimate type: reserve - Resource group id: resource:5970d4d454cae1e0b8e0 #### Resource Data - Category: probable - Tonnes: 1200000000 - Grade: 0.22 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-07-30T00:00:00.000Z Reasoning: Large tonnage reserve reported, though grade is relatively low. - Positive factor: Large scale tonnage - Negative factor: Low grade for a reserve Evidence · text > comprising maiden Proven and Probable Mineral Reserves of approximately 1.2 billion tonnes grading 0.22% copper #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--5ecfe1db-9674-42bd-94aa-75a3cc8e3635#fact-resource-facts-1) Berg Copper Project · molybdenum Historical result Needs review: historical\_restatement #### Identity - Project: Berg Copper Project - Commodity: molybdenum - Region: canada\_bc - Reported Region: British Columbia - Ticker: SURG #### Resource scope - Estimate type: reserve - Resource group id: resource:5970d4d454cae1e0b8e0 #### Resource Data - Category: probable - Tonnes: 1200000000 - Grade: 0.026 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-07-30T00:00:00.000Z Reasoning: Molybdenum reported as a significant byproduct in the reserve. - Positive factor: Significant byproduct potential Evidence · text > 1.2 billion tonnes grading 0.22% copper, 0.026% molybdenum #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--5ecfe1db-9674-42bd-94aa-75a3cc8e3635#fact-resource-facts-2) Berg Copper Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Berg Copper Project - Commodity: silver - Region: canada\_bc - Reported Region: British Columbia - Ticker: SURG #### Resource scope - Estimate type: reserve - Resource group id: resource:5970d4d454cae1e0b8e0 #### Resource Data - Category: probable - Tonnes: 1200000000 - Grade: 4.1 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-07-30T00:00:00.000Z Reasoning: Silver reported as a byproduct in the reserve. Evidence · text > 1.2 billion tonnes grading ... 4.1 g/t silver #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/surge-copper-files-ni-43-101-technical-report-for-the-berg-pfs--5ecfe1db-9674-42bd-94aa-75a3cc8e3635#fact-resource-facts-3) Berg Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Berg Copper Project - Commodity: gold - Region: canada\_bc - Reported Region: British Columbia - Ticker: SURG #### Resource scope - Estimate type: reserve - Resource group id: resource:5970d4d454cae1e0b8e0 #### Resource Data - Category: probable - Tonnes: 1200000000 - Grade: 0.02 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-15T00:00:00.000Z #### Dates - Event date: 2026-07-30T00:00:00.000Z Reasoning: Gold reported as a byproduct in the reserve. Evidence · text > 1.2 billion tonnes grading ... 0.02 g/t gold #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.