Total Metals files Technical Report for the High Lake -- West Hawk Lake Project; High Grade Gold Resource Confirmed

Original announcement by tmx on

Company
Total Metals Corp.
Ticker
TT
Exchange
TSX
Region
Manitoba / Ontario
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update
Extracted
2026-09-17 03:11:06 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Total Metals Corp. has filed a NI 43-101 technical report for the High Lake – West Hawk Lake Project. The report confirms a high-grade gold resource in the Purdex Zone, with an indicated resource of 152 kt at 9.38 g/t Au and an inferred resource of 287 kt at 10.43 g/t Au.

Reasoning: The document is a technical report filing that confirms a previously reported high-grade gold resource. While the grades are strong, the novelty is low as it restates a 2023 estimate.

Positive factors

  • High grade indicated and inferred resources
  • NI 43-101 compliant technical report filed
  • Potential for open pit mining subsets

Negative factors

  • Low novelty as the MRE was previously reported in June 2023
  • Significant Inferred component (65% of total tonnes)

Facts used in scoring: 12

Classification and evidence

NI 43-101 Compliantpositive

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

Why it applies: The report was prepared in accordance with National Instrument 43-101.

Evidence · text

“prepared in accordance with National Instrument 43-101”

Resource Updateneutral

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

Why it applies: The technical report confirms the current mineral resource estimate.

Evidence · text

“confirms the current mineral resource estimate”

Inferred Resourcenegative

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

Why it applies: A large portion of the resource is classified as Inferred.

Evidence · table

“287”

Context: 152

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The MRE was previously reported on June 30, 2023, making the data over 2 years old relative to the Dec 2025 filing.

Evidence · text

“previously on June 30, 2023”

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: Qualified Persons Colin Bowdidge and Robert Penczak are named and have reviewed/approved the technical contents.

Evidence · text

“reviewed and approved by Colin Bowdidge, Ph.D., P.Geo (Ontario)”

Cut-off Disclosedpositive

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

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

Extracted facts

Stored fact records: 12. Some facts used in scoring do not have a stored record.

Resource Estimates (12)

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 152000Grade: 9.38Grade Unit: g/tContained Metal: 45.8Contained Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:bf58436900a4b27c736f
Deposit or zone
Purdex Zone
Mining method
underground

Resource Data

Category
indicated
Tonnes
152000
Grade
9.38
Grade Unit
g/t
Contained Metal
45.8
Contained Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Strong indicated grade, but low novelty as it is a restatement of the 2023 MRE.

Positive factors

  • High grade indicated resource

Negative factors

  • Restatement of previous data

Evidence · table

“9.38”

Context: 152

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

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 287000Grade: 10.43Grade Unit: g/tContained Metal: 96.2Contained Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:0516fe9d214c57844d23
Deposit or zone
Purdex Zone
Mining method
underground

Resource Data

Category
inferred
Tonnes
287000
Grade
10.43
Grade Unit
g/t
Contained Metal
96.2
Contained Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: High grade but low geological confidence due to inferred classification.

Positive factors

  • Very high grade inferred resource

Negative factors

  • Inferred category uncertainty

Evidence · table

“10.43”

Context: 287

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

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 22000Grade: 6.36Grade Unit: g/tContained Metal: 4.5Contained Unit: k ozView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:deab0d1fc32c032a24c2
Deposit or zone
Purdex Zone
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
22000
Grade
6.36
Grade Unit
g/t
Contained Metal
4.5
Contained Unit
k oz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Small subset of indicated resource suitable for open pit.

Positive factors

  • Feasible pit subset identified

Evidence · table

“6.36”

Context: 22

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

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 3000Grade: 5.25Grade Unit: g/tContained Metal: 0.5Contained Unit: k ozView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:77045f41d28f54f50a93
Deposit or zone
Purdex Zone
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3000
Grade
5.25
Grade Unit
g/t
Contained Metal
0.5
Contained Unit
k oz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Small inferred subset for open pit.

Positive factors

  • High grade inferred pit subset

Evidence · table

“5.25”

Context: 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

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 45000Grade: 4.47Grade Unit: g/tContained Metal: 6.5Contained Unit: k ozView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:7fa0a7fb9fd5de0cd4c2
Deposit or zone
Purdex Zone
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
45000
Grade
4.47
Grade Unit
g/t
Contained Metal
6.5
Contained Unit
k oz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Indicated resource subset for Pit 2.

Positive factors

  • Feasible pit subset identified

Evidence · table

“4.47”

Context: 45

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

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 7000Grade: 3.65Grade Unit: g/tContained Metal: 0.8Contained Unit: k ozView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:51163c368859ac7c5017
Deposit or zone
Purdex Zone
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
7000
Grade
3.65
Grade Unit
g/t
Contained Metal
0.8
Contained Unit
k oz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
No
Historical
No

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Inferred resource subset for Pit 2.

Evidence · table

“3.65”

Context: 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

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 152Grade: 45.8Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:bab8018c9ce8b64097f3
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
152
Grade
45.8
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Strong indicated grade, but low novelty as it is a restatement of the 2023 MRE. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High grade indicated resource

Negative factors

  • Restatement of previous data

Evidence · table

“45.8”

Context: 152

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 287Grade: 96.2Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:9869b3657750b223c000
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
287
Grade
96.2
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: High grade but low geological confidence due to inferred classification. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Very high grade inferred resource

Negative factors

  • Inferred category uncertainty

Evidence · table

“96.2”

Context: 287

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 22Grade: 4.5Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:b36b7cc52daee07e5509
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
22
Grade
4.5
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Strong indicated grade, but low novelty as it is a restatement of the 2023 MRE. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High grade indicated resource

Negative factors

  • Restatement of previous data

Evidence · table

“4.5”

Context: 22

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 3Grade: 0.5Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:aaa4755f9da3e13acb04
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3
Grade
0.5
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: High grade but low geological confidence due to inferred classification. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Very high grade inferred resource

Negative factors

  • Inferred category uncertainty

Evidence · table

“0.5”

Context: 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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedHigh Lake – West Hawk Lake Project · goldTonnes: 45Grade: 6.5Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:73b761abab7d8c5d150f
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
45
Grade
6.5
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: Strong indicated grade, but low novelty as it is a restatement of the 2023 MRE. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • High grade indicated resource

Negative factors

  • Restatement of previous data

Evidence · table

“6.5”

Context: 45

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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHigh Lake – West Hawk Lake Project · goldTonnes: 7Grade: 0.8Grade Unit: k ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
High Lake – West Hawk Lake Project
Commodity
gold
Region
canada_on
Reported Region
Manitoba / Ontario
Ticker
TT

Resource scope

Estimate type
resource
Effective date
2025-11-30T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Colin Bowdidge, Robert Penczak
Resource group id
resource:763dd023e725be461790
Deposit or zone
Purdex Zone
Mining method
underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
7
Grade
0.8
Grade Unit
k oz
Cutoff Grade
2.6
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2025-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-06-30T00:00:00.000Z

Dates

Event date
2025-12-15T00:00:00.000Z

Reasoning: High grade but low geological confidence due to inferred classification. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Very high grade inferred resource

Negative factors

  • Inferred category uncertainty

Evidence · table

“0.8”

Context: 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

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

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.