# When Tungsten Costs More Than Gold Used To, Miners Step Up Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/when-tungsten-costs-more-than-gold-used-to-miners-step-up--2e4dc8c5-135c-4556-95b7-d89631acdbf1 Original source: https://money.tmx.com/en/quote/PGE/news/6276357672690202/when-tungsten-costs-more-than-gold-used-to-miners-step-up Publisher: tmx Original announcement: 2026-03-02T14:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Stillwater Critical Minerals - Ticker: PGE - Exchange: TSX - Region: Montana - Primary commodity: Nickel - Secondary commodities: Copper, Cobalt, Pge, Gold - Document categories: Drill results, Other - Extracted: 2026-09-12 18:46:59 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Stillwater Critical Minerals reported significant near-surface nickel-copper-cobalt-PGE-gold mineralization at the Stillwater West project in Montana. Intercepts include 201.6m at 0.20% NiEq and 106.1m at 0.34% NiEq, with an updated Mineral Resource Estimate targeted for H1 2026. Reasoning: Significant near-surface nickel-equivalent intercepts reported, confirming extension of known mineralization. - Positive factor: extension of shallow sulphide-rich mineralization - Positive factor: continuity towards Central and HGR deposits - Positive factor: high-grade internal zones Facts used in scoring: 3 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Results confirm extension of shallow sulphide-rich mineralization beyond the current CZ deposit resource. Evidence · text > confirm the extension of shallow sulphide-rich mineralization beyond the current CZ deposit resource ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/when-tungsten-costs-more-than-gold-used-to-miners-step-up--2e4dc8c5-135c-4556-95b7-d89631acdbf1#fact-drill-facts-0) Stillwater West · nickel Needs review: drill\_no\_hole\_id #### Identity - Project: Stillwater West - Commodity: nickel - Region: usa\_mt - Reported Region: usa\_mt - Ticker: PGE #### Geometry - Grade: 0.2 - Grade Unit: % - Intercept: 201.6 m - From: 16.9 m - To: 218.5 m - Intercept Depth: 16.9 m #### Classification - Sample Type: drill - Group ID: Stillwater\_West:16.9-218.5 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.2 - Metal Eq. Unit: % nickel equivalent #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Large width intercept at shallow depth confirming extension. - Positive factor: wide intercept - Positive factor: near-surface Evidence · text > 201.6 meters grading 0.20% nickel equivalent from just 16.9 meters depth #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/when-tungsten-costs-more-than-gold-used-to-miners-step-up--2e4dc8c5-135c-4556-95b7-d89631acdbf1#fact-drill-facts-1) Stillwater West · nickel Needs review: drill\_no\_hole\_id #### Identity - Project: Stillwater West - Commodity: nickel - Region: usa\_mt - Reported Region: usa\_mt - Ticker: PGE #### Geometry - Grade: 0.34 - Grade Unit: % - Intercept: 106.1 m - From: 12.2 m - To: 118.3 m - Intercept Depth: 12.2 m #### Classification - Sample Type: drill - Group ID: Stillwater\_West:12.2-118.3 #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.34 - Metal Eq. Unit: % nickel equivalent #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Stronger grade intercept than the bulk intercept. - Positive factor: higher grade than previous intercept - Positive factor: internal high-grade zones Evidence · text > 106.1 meters at 0.34% nickel equivalent from 12.2 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/when-tungsten-costs-more-than-gold-used-to-miners-step-up--2e4dc8c5-135c-4556-95b7-d89631acdbf1#fact-drill-facts-2) Stillwater West · nickel Needs review: drill\_no\_hole\_id #### Identity - Project: Stillwater West - Commodity: nickel - Region: usa\_mt - Reported Region: usa\_mt - Ticker: PGE #### Geometry - Grade: 0.76 - Grade Unit: % #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.76 - Metal Eq. Unit: % nickel equivalent #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-03-02T00:00:00.000Z Reasoning: Significant internal high-grade zone reported. - Positive factor: high-grade zone Evidence · text > internal higher-grade zones reaching 0.76% nickel equivalent #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ## 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.