Thor Explorations Announces Positive Pre-Feasibility Study for the Douta Gold Project, Senegal
Original announcement by tmx on
- Company
- Thor Explorations Ltd.
- Ticker
- THX
- Exchange
- TSX
- Region
- Senegal
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-09-15 03:03:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Thor Explorations announced positive results from a Pre-Feasibility Study (PFS) for its Douta Gold Project in Senegal, confirming a robust, long-life gold project with strong economics. The PFS includes an updated NI 43-101 compliant Mineral Resource Estimate (MRE) of 1.7 Moz Indicated and 0.27 Moz Inferred gold, and a maiden Probable Mineral Reserve of 1.2 Moz gold. The project boasts a post-tax NPV5% of US$633 million and an IRR of 61% at US$3,500/oz gold, with a low initial capital cost of US$254 million and a 12.6-year mine life.
Reasoning: The Pre-Feasibility Study for the Douta Gold Project confirms strong economics and a substantial maiden Probable Reserve, supported by an updated NI 43-101 compliant Mineral Resource Estimate with a high percentage of Indicated resources, positioning the company for development.
Positive factors
- Robust project economics confirmed by PFS (NPV, IRR, payback)
- Substantial maiden Probable Mineral Reserve of 1.2 Moz gold
- High confidence Indicated Mineral Resource (84.47% M&I)
- Long mine life of 12.6 years with 1.0 Moz gold production
- Low initial project capital of US$254 million
- Environmental and Social Impact Assessment (ESIA) approved
- Significant potential for further resource expansion
Negative factors
- State free-carried interest not yet incorporated into economic analysis
- Fiscal incentives not yet incorporated into economic analysis
- Presence of Inferred resources, which are lower confidence
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 53
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resource Estimate and maiden Mineral Reserve were prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Evidence · text
“prepared 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: Alfred Gillman (Mineral Resources) and Dominic Claridge (Mineral Reserves) are named as Qualified Persons responsible for the estimates.
Evidence · text
“Mineral Resources: Alfred Gillman FAusIMM (CP), a full-time consultant to Thor and not independent Mineral Reserves: Dominic Claridge FAusIMM, AMC Consultants who is Independent of the Company”
Maiden Reservepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The document announces a 'maiden Mineral Reserve' for the Douta Gold Project.
Evidence · text
“maiden Mineral Reserve”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The resource estimate is part of a Pre-Feasibility Study (PFS) for the project.
Evidence · text
“results of its Pre-Feasibility Study”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes a significant Indicated Mineral Resource of 50.6 Mt grading 1.04 g/t Au for 1.7 Moz.
Evidence · table
“Indicated”
Context: 50.6
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The MRE includes an Inferred Mineral Resource of 9.3 Mt grading 0.92 g/t Au for 0.27 Moz.
Evidence · table
“Inferred”
Context: 9.3
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resource Estimate is reported at a cut-off grade of 0.3 g/t Au.
Evidence · text
“reported at a cut-off grade of 0.3g/t Au”
Extracted facts
Stored fact records: 53. Some facts used in scoring do not have a stored record.
Resource Estimates (53)
indicatedDouta Gold Project · goldTonnes: 50600000Grade: 1.04Grade Unit: g/tContained Metal: 1.7Contained Unit: mozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:2d35e0ab35c6e1d0e9b4
- Deposit or zone
- Total
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 50600000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 1.7
- Contained Unit
- moz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated Mineral Resource of 1.7 Moz at 1.04 g/t Au represents a substantial and high-confidence portion of the project's gold endowment, contributing significantly to project economics.
Positive factors
- Indicated category provides high confidence
- Significant contained gold (1.7 Moz)
- Moderate grade for open pit mining (1.04 g/t Au)
Evidence · table
“1.04”
Context: 50.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 9300000Grade: 0.92Grade Unit: g/tContained Metal: 0.27Contained Unit: mozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:43402b3faa6b67ee8b85
- Deposit or zone
- Total
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 9300000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 0.27
- Contained Unit
- moz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred Mineral Resource of 0.27 Moz at 0.92 g/t Au provides additional exploration upside but is of lower confidence than the Indicated category.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.92 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.92”
Context: 9.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
probableDouta Gold Project · goldTonnes: 36600000Grade: 1.03Grade Unit: g/tContained Metal: 1.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Dominic Claridge
- Resource group id
- resource:c0a989a6ad55713f64a9
- Mining method
- combined
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 36600000
- Grade
- 1.03
- Grade Unit
- g/t
- Contained Metal
- 1.2
- Contained Unit
- moz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The maiden Probable Mineral Reserve of 1.2 Moz at 1.03 g/t Au confirms the economic viability of the project and provides a strong foundation for development.
Positive factors
- Maiden Probable Reserve demonstrates economic viability
- Significant contained gold (1.2 Moz)
- Moderate grade for open pit mining (1.03 g/t Au)
Evidence · text
“Probable Reserve of 36.6 Mt grading at an average grade of 1.03 g/t Au for 1.2 Moz Au”
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 100000Grade: 1.08Grade Unit: g/tContained Metal: 4Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:b6e0ca645c0e9abe4423
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 100000
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 4
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa North (SOX) at 1.08 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.08 g/t Au)
Evidence · table
“1.08”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 2000000Grade: 1.1Grade Unit: g/tContained Metal: 70Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:b7f3ff16d2f1a832eba9
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 70
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa North (MOX) at 1.10 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.10 g/t Au)
Evidence · table
“1.10”
Context: 2.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 2000000Grade: 1.11Grade Unit: g/tContained Metal: 72Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:0fc13d5de634db643255
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 1.11
- Grade Unit
- g/t
- Contained Metal
- 72
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa North (WOX) at 1.11 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.11 g/t Au)
Evidence · table
“1.11”
Context: 2.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 5800000Grade: 1.06Grade Unit: g/tContained Metal: 197Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:e8de817ff7c56d38da98
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 197
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa North (FRESH) at 1.06 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.06 g/t Au)
Evidence · table
“1.06”
Context: 5.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 9900000Grade: 1.08Grade Unit: g/tContained Metal: 342Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:9b91a291835d9860d649
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 9900000
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 342
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Indicated resource for Makosa North at 1.08 g/t Au represents a significant portion of the project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Significant contained gold for the zone (342 koz)
- Moderate grade for open pit mining (1.08 g/t Au)
Evidence · table
“1.08”
Context: 9.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 1000000Grade: 1.11Grade Unit: g/tContained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:dbcad0b62f8abd4f7e36
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 1.11
- Grade Unit
- g/t
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa (SOX) at 1.11 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.11 g/t Au)
Evidence · table
“1.11”
Context: 1.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 2900000Grade: 1.08Grade Unit: g/tContained Metal: 100Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:a28441229d3c2dec2304
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2900000
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 100
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa (MOX) at 1.08 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.08 g/t Au)
Evidence · table
“1.08”
Context: 2.9
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 2100000Grade: 1.06Grade Unit: g/tContained Metal: 72Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:38a6a3639de4dcec7379
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 72
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa (WOX) at 1.06 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.06 g/t Au)
Evidence · table
“1.06”
Context: 2.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 14600000Grade: 1.06Grade Unit: g/tContained Metal: 496Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:84d89db50bf02c03dc0f
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 14600000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 496
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa (FRESH) at 1.06 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.06 g/t Au)
Evidence · table
“1.06”
Context: 14.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 20600000Grade: 1.06Grade Unit: g/tContained Metal: 704Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:d9f00a34e90bda7e3d87
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 20600000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 704
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Indicated resource for Makosa at 1.06 g/t Au represents a significant portion of the project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Significant contained gold for the zone (704 koz)
- Moderate grade for open pit mining (1.06 g/t Au)
Evidence · table
“1.06”
Context: 20.6
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 100000Grade: 0.93Grade Unit: g/tContained Metal: 4Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:6d6902ab3de54a4ae443
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 100000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 4
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa East (SOX) at 0.93 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.93 g/t Au)
Evidence · table
“0.93”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 2100000Grade: 0.85Grade Unit: g/tContained Metal: 56Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:caf914b0a859f5fd430a
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 0.85
- Grade Unit
- g/t
- Contained Metal
- 56
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa East (MOX) at 0.85 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.85 g/t Au)
Evidence · table
“0.85”
Context: 2.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 1700000Grade: 0.84Grade Unit: g/tContained Metal: 45Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:e18b1c2fb07075ec708e
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1700000
- Grade
- 0.84
- Grade Unit
- g/t
- Contained Metal
- 45
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa East (WOX) at 0.84 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.84 g/t Au)
Evidence · table
“0.84”
Context: 1.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 4500000Grade: 0.98Grade Unit: g/tContained Metal: 141Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:a91c6788110162258e0a
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 4500000
- Grade
- 0.98
- Grade Unit
- g/t
- Contained Metal
- 141
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa East (FRESH) at 0.98 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.98 g/t Au)
Evidence · table
“0.98”
Context: 4.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 8300000Grade: 0.92Grade Unit: g/tContained Metal: 246Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:f4cfb7274f25ee69ca99
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 8300000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 246
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Indicated resource for Makosa East at 0.92 g/t Au represents a significant portion of the project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Significant contained gold for the zone (246 koz)
- Moderate grade for open pit mining (0.92 g/t Au)
Evidence · table
“0.92”
Context: 8.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 100000Grade: 0.79Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:bb320007ed9a12a9593a
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 100000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa Tail (SOX) at 0.79 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.79 g/t Au)
Evidence · table
“0.79”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 1800000Grade: 0.88Grade Unit: g/tContained Metal: 49Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:0196070b44e17c93203f
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1800000
- Grade
- 0.88
- Grade Unit
- g/t
- Contained Metal
- 49
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa Tail (MOX) at 0.88 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.88 g/t Au)
Evidence · table
“0.88”
Context: 1.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 1400000Grade: 0.93Grade Unit: g/tContained Metal: 43Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:90d6a7868e841912e85f
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1400000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 43
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa Tail (WOX) at 0.93 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (0.93 g/t Au)
Evidence · table
“0.93”
Context: 1.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 7500000Grade: 1.09Grade Unit: g/tContained Metal: 261Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:ebf1f7e6d7772503cd2b
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 7500000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 261
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Makosa Tail (FRESH) at 1.09 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Moderate grade for open pit mining (1.09 g/t Au)
Evidence · table
“1.09”
Context: 7.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 10700000Grade: 1.03Grade Unit: g/tContained Metal: 355Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:2deaf0083c216fff9774
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 10700000
- Grade
- 1.03
- Grade Unit
- g/t
- Contained Metal
- 355
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Indicated resource for Makosa Tail at 1.03 g/t Au represents a significant portion of the project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Significant contained gold for the zone (355 koz)
- Moderate grade for open pit mining (1.03 g/t Au)
Evidence · table
“1.03”
Context: 10.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 0Grade: 1.6Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:ef713581445f276d87fa
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 0
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Baraka3 (SOX) at 1.60 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Strong grade for open pit mining (1.60 g/t Au)
Evidence · table
“1.60”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 700000Grade: 1.42Grade Unit: g/tContained Metal: 34Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:39699c297be70d01003f
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 700000
- Grade
- 1.42
- Grade Unit
- g/t
- Contained Metal
- 34
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Baraka3 (MOX) at 1.42 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Strong grade for open pit mining (1.42 g/t Au)
Evidence · table
“1.42”
Context: 0.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 200000Grade: 1.35Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:6dceb36c40ba90d6da42
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 200000
- Grade
- 1.35
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Baraka3 (WOX) at 1.35 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Strong grade for open pit mining (1.35 g/t Au)
Evidence · table
“1.35”
Context: 0.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 200000Grade: 1.53Grade Unit: g/tContained Metal: 8Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:df6f7bf2a96a99cb246b
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 200000
- Grade
- 1.53
- Grade Unit
- g/t
- Contained Metal
- 8
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Indicated resource for Baraka3 (FRESH) at 1.53 g/t Au contributes to the overall project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Strong grade for open pit mining (1.53 g/t Au)
Evidence · table
“1.53”
Context: 0.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
indicatedDouta Gold Project · goldTonnes: 1100000Grade: 1.43Grade Unit: g/tContained Metal: 53Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:09eba27ccbba77ccdf30
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 1100000
- Grade
- 1.43
- Grade Unit
- g/t
- Contained Metal
- 53
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Indicated resource for Baraka3 at 1.43 g/t Au represents a significant portion of the project's high-confidence resource base.
Positive factors
- Indicated category provides high confidence
- Strong grade for open pit mining (1.43 g/t Au)
Evidence · table
“1.43”
Context: 1.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 0.61Grade Unit: g/tContained Metal: 0.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:6efc9ac7bf1b336653d0
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 0.61
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa North (SOX) at 0.61 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.61 g/t Au)
Evidence · table
“0.61”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 100000Grade: 0.68Grade Unit: g/tContained Metal: 1.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:98d9a49db272241f0187
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 1.9
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa North (MOX) at 0.68 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.68 g/t Au)
Evidence · table
“0.68”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 100000Grade: 0.68Grade Unit: g/tContained Metal: 1.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:b8737d78c78c955c0193
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 1.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa North (WOX) at 0.68 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.68 g/t Au)
Evidence · table
“0.68”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 4700000Grade: 1.03Grade Unit: g/tContained Metal: 154.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:3415a17d5afc0adce828
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 4700000
- Grade
- 1.03
- Grade Unit
- g/t
- Contained Metal
- 154.9
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa North (FRESH) at 1.03 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (1.03 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.03”
Context: 4.7
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 4800000Grade: 1.02Grade Unit: g/tContained Metal: 158.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:22a77e3d0fb529ad2aec
- Deposit or zone
- Makosa North
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 4800000
- Grade
- 1.02
- Grade Unit
- g/t
- Contained Metal
- 158.3
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Inferred resource for Makosa North at 1.02 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (1.02 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.02”
Context: 4.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 0.62Grade Unit: g/tContained Metal: 0.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:c9990c3c9912e48c2513
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 0.6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa (SOX) at 0.62 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.62 g/t Au)
Evidence · table
“0.62”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 300000Grade: 0.73Grade Unit: g/tContained Metal: 5.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:dddc6f0ac8bf9d4bb709
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 0.73
- Grade Unit
- g/t
- Contained Metal
- 5.9
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa (MOX) at 0.73 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.73 g/t Au)
Evidence · table
“0.73”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 100000Grade: 0.77Grade Unit: g/tContained Metal: 3.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:c6c7e4e09f91585af344
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 3.6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa (WOX) at 0.77 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.77 g/t Au)
Evidence · table
“0.77”
Context: 0.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 1100000Grade: 1.03Grade Unit: g/tContained Metal: 35.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:e16843ea65d1ba985cc3
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1100000
- Grade
- 1.03
- Grade Unit
- g/t
- Contained Metal
- 35.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa (FRESH) at 1.03 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (1.03 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.03”
Context: 1.1
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 1500000Grade: 0.95Grade Unit: g/tContained Metal: 45.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:d9e4671e210aab794fea
- Deposit or zone
- Makosa
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 45.6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Inferred resource for Makosa at 0.95 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.95 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.95”
Context: 1.5
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 0.53Grade Unit: g/tContained Metal: 0.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:cad1ec2a698b766a9aad
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 0.53
- Grade Unit
- g/t
- Contained Metal
- 0.4
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa East (SOX) at 0.53 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.53 g/t Au)
Evidence · table
“0.53”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 400000Grade: 0.65Grade Unit: g/tContained Metal: 7.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:8e29d77c58ff5f1774e1
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 0.65
- Grade Unit
- g/t
- Contained Metal
- 7.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa East (MOX) at 0.65 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.65 g/t Au)
Evidence · table
“0.65”
Context: 0.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 200000Grade: 0.81Grade Unit: g/tContained Metal: 4.6Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:644a67859a5653c3a6fe
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 4.6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa East (WOX) at 0.81 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.81 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.81”
Context: 0.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 800000Grade: 0.99Grade Unit: g/tContained Metal: 25.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:7eac932aedfce7f412d3
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.99
- Grade Unit
- g/t
- Contained Metal
- 25.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa East (FRESH) at 0.99 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.99 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.99”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 1300000Grade: 0.87Grade Unit: g/tContained Metal: 37.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:3e4fbec3cb92daba411e
- Deposit or zone
- Makosa East
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.87
- Grade Unit
- g/t
- Contained Metal
- 37.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Inferred resource for Makosa East at 0.87 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.87 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.87”
Context: 1.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 0.52Grade Unit: g/tContained Metal: 0.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:8de4bb28cd61e3e18027
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 0.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa Tail (SOX) at 0.52 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.52 g/t Au)
Evidence · table
“0.52”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 300000Grade: 0.5Grade Unit: g/tContained Metal: 5.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:a3e64b24bf93426fea20
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 5.3
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa Tail (MOX) at 0.50 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.50 g/t Au)
Evidence · table
“0.50”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 300000Grade: 0.62Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:f636332881c2c532a484
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 300000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa Tail (WOX) at 0.62 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.62 g/t Au)
Evidence · table
“0.62”
Context: 0.3
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 800000Grade: 0.58Grade Unit: g/tContained Metal: 15.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:ddb8adf644ed8d5c8491
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.58
- Grade Unit
- g/t
- Contained Metal
- 15.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Makosa Tail (FRESH) at 0.58 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.58 g/t Au)
Evidence · table
“0.58”
Context: 0.8
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 1400000Grade: 0.57Grade Unit: g/tContained Metal: 25.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:e5b48d3066b77a54c9c2
- Deposit or zone
- Makosa Tail
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 0.57
- Grade Unit
- g/t
- Contained Metal
- 25.8
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Inferred resource for Makosa Tail at 0.57 g/t Au provides exploration upside but is of lower confidence and weak grade.
Positive factors
- Adds to overall resource base
Negative factors
- Lower confidence category (Inferred)
- Weak grade for open pit mining (0.57 g/t Au)
Evidence · table
“0.57”
Context: 1.4
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 1.09Grade Unit: g/tContained Metal: 0.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:6acd016f1cea0341ac44
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- SOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 0.5
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Baraka3 (SOX) at 1.09 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (1.09 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.09”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 200000Grade: 0.98Grade Unit: g/tContained Metal: 5.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:e273ddad0667d22155c1
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- MOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.98
- Grade Unit
- g/t
- Contained Metal
- 5.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Baraka3 (MOX) at 0.98 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.98 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.98”
Context: 0.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 0.88Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:55db2c9c1ce0ba263cf8
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- WOX
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 0.88
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Baraka3 (WOX) at 0.88 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.88 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.88”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 0Grade: 1.27Grade Unit: g/tContained Metal: 0.1Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:af27cf3d4f7bb3764f42
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- fresh
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 0
- Grade
- 1.27
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The Inferred resource for Baraka3 (FRESH) at 1.27 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Strong grade for open pit mining (1.27 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“1.27”
Context: 0.0
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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
inferredDouta Gold Project · goldTonnes: 200000Grade: 0.98Grade Unit: g/tContained Metal: 6Contained Unit: kozView all detailsHide details
Identity
- Project
- Douta Gold Project
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- THX
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-24T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Alfred Gillman
- Resource group id
- resource:ecf6ba998c4cf28e503e
- Deposit or zone
- Baraka3
- Mining method
- combined
- Material type
- Total
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.98
- Grade Unit
- g/t
- Contained Metal
- 6
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-26T00:00:00.000Z
Reasoning: The total Inferred resource for Baraka3 at 0.98 g/t Au provides exploration upside but is of lower confidence.
Positive factors
- Adds to overall resource base
- Moderate grade for open pit mining (0.98 g/t Au)
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“0.98”
Context: 0.2
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
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: qp_signed is true
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
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-Supportingneutral
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.