West Vault Mining Files on Sedar a Hasbrouck Gold Project Pre-Feasibility Study Update with a 51% IRR

Original announcement by tmx on

Company
West Vault Mining Inc.
Ticker
WVM
Exchange
TSX
Region
Nevada
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Resource update, Economic study
Extracted
2026-09-17 07:09:26 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

West Vault Mining announced an updated Pre-Feasibility Study (PFS) for its Hasbrouck Gold Project in Nevada, reporting a robust 51% after-tax IRR and a $206 million NPV at a 5% discount rate. The study highlights a fast 2.9-year payback and an All-in Sustaining Cost of $877 per gold ounce, with the project being permitted and construction-ready. While the economic parameters show significant improvement over the 2016 PFS, the underlying Mineral Resource and Reserve estimates are noted as substantially unchanged.

Reasoning: West Vault Mining has released a highly positive updated Pre-Feasibility Study for its Hasbrouck Gold Project, showing a robust 51% after-tax IRR and a $206 million NPV, representing a significant improvement over the prior 2016 PFS. The project is permitted and construction-ready, indicating advanced de-risking. However, the lack of explicit price sensitivity disclosure reduces transparency.

Positive factors

  • High IRR
  • Fast Payback
  • Significant NPV Increase
  • Permitted Project
  • Low Strip Ratio
  • NI 43-101 Compliant

Negative factors

  • No Price Sensitivity Disclosure

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

Facts used in scoring: 18

Classification and evidence

Cut-off Disclosedpositive

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

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

Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

Resource Estimates (17)

measuredHasbrouck Gold Project · goldTonnes: 6987000Contained Metal: 134Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:4c64e680f3e2afba4973
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
6987000
Contained Metal
134
Contained Unit
koz au
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Measured Resource provides a high level of confidence for the Hasbrouck Deposit. While the category is strong, the overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Measured Resource
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.019”

Context: 6,987

Tags used in scoring

Measured Resourcepositive

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

Why it applies: The resource is classified as Measured, representing the highest confidence category.

Evidence · table

“Measured”

Context: 6,987

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

measuredHasbrouck Gold Project · silverTonnes: 6987000Contained Metal: 2752Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:4c64e680f3e2afba4973
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
6987000
Contained Metal
2752
Contained Unit
koz ag
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Measured Resource provides a high level of confidence for the Hasbrouck Deposit. While the category is strong, the overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Measured Resource
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.39”

Context: 6,987

Tags used in scoring

Measured Resourcepositive

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

Why it applies: The resource is classified as Measured, representing the highest confidence category.

Evidence · table

“Measured”

Context: 6,987

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

NI 43-101 Compliantpositive

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

Why it applies: reporting_standards includes ni_43_101

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

Rejected tags

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

NI 40-101 CompliantRejected · positive · Story-specific tag

No canonical definition is currently available.

Reason: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”
indicatedHasbrouck Gold Project · goldTonnes: 35041000Contained Metal: 516Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:bae5c86b7f50d75ee1aa
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
35041000
Contained Metal
516
Contained Unit
koz au
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Indicated Resource provides a moderate level of confidence for the Hasbrouck Deposit. While the category is solid, the overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Indicated Resource
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.015”

Context: 35,041

Tags used in scoring

Indicated Resourcepositive

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

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

Evidence · table

“Indicated”

Context: 35,041

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

indicatedHasbrouck Gold Project · silverTonnes: 35041000Contained Metal: 9404Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:bae5c86b7f50d75ee1aa
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
35041000
Contained Metal
9404
Contained Unit
koz ag
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Indicated Resource provides a moderate level of confidence for the Hasbrouck Deposit. While the category is solid, the overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Indicated Resource
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.27”

Context: 35,041

Tags used in scoring

Indicated Resourcepositive

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

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

Evidence · table

“Indicated”

Context: 35,041

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

inferredHasbrouck Gold Project · goldTonnes: 5161000Contained Metal: 56Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:79aa7ad0345abc4091c7
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5161000
Contained Metal
56
Contained Unit
koz au
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Inferred Resource represents a low confidence category, explicitly excluded from the mine plan, limiting its immediate economic contribution. The overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“0.011”

Context: 5,161

Tags used in scoring

Inferred Resourcenegative

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

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

Evidence · table

“Inferred”

Context: 5,161

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

inferredHasbrouck Gold Project · silverTonnes: 5161000Contained Metal: 986Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:79aa7ad0345abc4091c7
Deposit or zone
Hasbrouck Deposit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5161000
Contained Metal
986
Contained Unit
koz ag
Cutoff Grade
0.007
Cutoff Unit
oz AuEq/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Inferred Resource represents a low confidence category, explicitly excluded from the mine plan, limiting its immediate economic contribution. The overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“0.19”

Context: 5,161

Tags used in scoring

Inferred Resourcenegative

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

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

Evidence · table

“Inferred”

Context: 5,161

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

indicatedHasbrouck Gold Project · goldTonnes: 10423000Contained Metal: 185Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:02e2c218e17018220a77
Deposit or zone
Three Hills Deposit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10423000
Contained Metal
185
Contained Unit
koz au
Cutoff Grade
0.005
Cutoff Unit
oz Au/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Indicated Resource provides a moderate level of confidence for the Three Hills Deposit. While the category is solid, the overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Indicated Resource
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.018”

Context: 10,423

Tags used in scoring

Indicated Resourcepositive

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

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

Evidence · table

“Indicated”

Context: 10,423

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

inferredHasbrouck Gold Project · goldTonnes: 1008000Contained Metal: 17Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
resource
Effective date
2022-12-15T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Jeff Bickel
Resource group id
resource:17b06daa14d6356097d0
Deposit or zone
Three Hills Deposit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1008000
Contained Metal
17
Contained Unit
koz au
Cutoff Grade
0.005
Cutoff Unit
oz Au/ton

Prior Estimate

Resource Date
2022-12-15

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Inferred Resource represents a low confidence category, explicitly excluded from the mine plan, limiting its immediate economic contribution. The overall resource statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • NI 43-101 Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“0.017”

Context: 1,008

Tags used in scoring

Inferred Resourcenegative

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

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

Evidence · table

“Inferred”

Context: 1,008

NI 43-101 Compliantpositive

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

Why it applies: The resource estimate has been prepared in accordance with NI 43-101 standards.

Evidence · text

“All estimates of Mineral Resource have been prepared in accordance with NI 43-101 standards.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC.

Evidence · text

“The Mineral Resource has been prepared by Jeff Bickel, C.P.G of RESPEC”

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

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

probableHasbrouck Gold Project · goldTonnes: 9653000Contained Metal: 175Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:1d81a3704b84df8c770a
Deposit or zone
Three Hills Mine
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
9653000
Contained Metal
175
Contained Unit
koz au
Cutoff Grade
0.005
Cutoff Unit
opt Au

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Probable Reserve provides a high level of confidence for the Three Hills Mine, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Probable Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.018”

Context: 9,653

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Probable, indicating a high level of confidence for economic viability.

Evidence · table

“Probable”

Context: 9,653

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

provenHasbrouck Gold Project · goldTonnes: 6130000Contained Metal: 126Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:6a56affc029389d6e6cd
Deposit or zone
Hasbrouck Mine
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
6130000
Contained Metal
126
Contained Unit
koz au
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Proven Reserve provides the highest level of confidence for the Hasbrouck Mine, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Proven Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.021”

Context: 6,130

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Proven, representing the highest confidence category for economic viability.

Evidence · table

“Proven”

Context: 6,130

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

provenHasbrouck Gold Project · silverTonnes: 6130000Contained Metal: 2558Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:6a56affc029389d6e6cd
Deposit or zone
Hasbrouck Mine
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
6130000
Contained Metal
2558
Contained Unit
koz ag
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Proven Reserve provides the highest level of confidence for the Hasbrouck Mine, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Proven Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.417”

Context: 6,130

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Proven, representing the highest confidence category for economic viability.

Evidence · table

“Proven”

Context: 6,130

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

probableHasbrouck Gold Project · goldTonnes: 28239000Contained Metal: 452Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:eefa171fc86b8f07132c
Deposit or zone
Hasbrouck Mine
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
28239000
Contained Metal
452
Contained Unit
koz au
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Probable Reserve provides a high level of confidence for the Hasbrouck Mine, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Probable Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.016”

Context: 28,239

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Probable, indicating a high level of confidence for economic viability.

Evidence · table

“Probable”

Context: 28,239

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

probableHasbrouck Gold Project · silverTonnes: 28239000Contained Metal: 7946Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:eefa171fc86b8f07132c
Deposit or zone
Hasbrouck Mine
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
28239000
Contained Metal
7946
Contained Unit
koz ag
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Probable Reserve provides a high level of confidence for the Hasbrouck Mine, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Probable Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.281”

Context: 28,239

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Probable, indicating a high level of confidence for economic viability.

Evidence · table

“Probable”

Context: 28,239

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

provenHasbrouck Gold Project · goldTonnes: 6130000Contained Metal: 126Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:ad25e64d6ee1274a2efe
Deposit or zone
Total Hasbrouck Gold Project
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
6130000
Contained Metal
126
Contained Unit
koz au
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Proven Reserve provides the highest level of confidence for the Total Hasbrouck Gold Project, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Proven Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.021”

Context: 6,130

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Proven, representing the highest confidence category for economic viability.

Evidence · table

“Proven”

Context: 6,130

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

provenHasbrouck Gold Project · silverTonnes: 6130000Contained Metal: 2558Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:ad25e64d6ee1274a2efe
Deposit or zone
Total Hasbrouck Gold Project
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
6130000
Contained Metal
2558
Contained Unit
koz ag
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Proven Reserve provides the highest level of confidence for the Total Hasbrouck Gold Project, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Proven Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.417”

Context: 6,130

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Proven, representing the highest confidence category for economic viability.

Evidence · table

“Proven”

Context: 6,130

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

probableHasbrouck Gold Project · goldTonnes: 37893000Contained Metal: 627Contained Unit: koz auView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
gold
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:15e2b1511bca4d7caee6
Deposit or zone
Total Hasbrouck Gold Project
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
37893000
Contained Metal
627
Contained Unit
koz au
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Probable Reserve provides a high level of confidence for the Total Hasbrouck Gold Project, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Probable Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.017”

Context: 37,893

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Probable, indicating a high level of confidence for economic viability.

Evidence · table

“Probable”

Context: 37,893

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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

probableHasbrouck Gold Project · silverTonnes: 37893000Contained Metal: 7946Contained Unit: koz agView all details
Link to this fact

Identity

Project
Hasbrouck Gold Project
Commodity
silver
Region
usa_nv
Reported Region
Nevada
Ticker
WVM

Resource scope

Estimate type
reserve
Effective date
2023-01-11T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Thomas L. Dyer
Resource group id
resource:15e2b1511bca4d7caee6
Deposit or zone
Total Hasbrouck Gold Project
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
37893000
Contained Metal
7946
Contained Unit
koz ag
Cutoff Grade
5.17
Cutoff Unit
$/ton GMV

Prior Estimate

Resource Date
2023-01-11

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2023-03-08T00:00:00.000Z

Reasoning: This Probable Reserve provides a high level of confidence for the Total Hasbrouck Gold Project, forming a key basis for the economic study. The overall reserve statement is noted as substantially unchanged from the prior PFS, leading to low novelty.

Positive factors

  • Probable Reserve
  • NI 43-101 Compliant
  • QP/CP Signed

Evidence · table

“0.210”

Context: 37,893

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve is classified as Probable, indicating a high level of confidence for economic viability.

Evidence · table

“Probable”

Context: 37,893

NI 43-101 Compliantpositive

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

Why it applies: The Mineral Reserves have been prepared following CIM standards effective 17 January 2023, as required by NI 43-101.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC following CIM standards effective 17 January 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: The Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC.

Evidence · text

“The estimation and classification of Proven and Probable Mineral Reserves have been prepared by Thomas L. Dyer, P.E., of RESPEC”

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

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.