Loyalist Exploration Limited (CSE: PNGC) released additional grade-tonnage sensitivity data for the 2026 mineral resource estimate on its wholly owned Tully Gold Project in the Timmins Gold Camp of northeastern Ontario. The base-case estimate, using a 1.1 gram-per-tonne gold cut-off, reports indicated resources of 1.62 million tonnes grading 3.16 grams per tonne gold for 164,000 ounces, and inferred resources of 0.95 million tonnes grading 2.03 grams per tonne for 62,000 ounces.
The sensitivity table applies a 1.25-metre minimum mining width, a constraint not used in the base-case estimate above, and shows how resource tonnes and grade shift at higher cut-off grades. At a 3.00 gram-per-tonne cut-off, Loyalist reported 407,000 indicated tonnes grading 9.19 grams per tonne for 120,000 ounces, and 150,000 inferred tonnes grading 6.45 grams per tonne for 31,000 ounces.
At a 2.50 gram-per-tonne cut-off, the company reported 500,000 indicated tonnes grading 7.98 grams per tonne for 128,000 ounces and 205,000 inferred tonnes grading 5.43 grams per tonne for 36,000 ounces. At a 2.00 gram-per-tonne cut-off, indicated tonnes rose to 633,000 at 6.78 grams per tonne for 138,000 ounces, with inferred tonnes of 313,000 at 4.34 grams per tonne for 44,000 ounces.
At a 1.50 gram-per-tonne cut-off, Loyalist reported 824,000 indicated tonnes grading 5.61 grams per tonne for 149,000 ounces and 436,000 inferred tonnes grading 3.60 grams per tonne for 51,000 ounces. At the 1.10 gram-per-tonne cut-off under this same mining-width constraint, the figures were 1,014,000 indicated tonnes at 4.80 grams per tonne for 156,000 ounces and 604,000 inferred tonnes at 2.96 grams per tonne for 57,000 ounces.
President and chief executive Errol Farr said the sensitivity data "provides important additional insight" as the company advances a Preliminary Economic Assessment, and that it demonstrates "how the resource responds to higher cut-off grades," highlighting "the presence of a higher-grade core." The underlying technical report was prepared by qualified persons Curtis Ferron, Eugene Puritch and Charles Spath of P&E Mining Consultants Inc., with an effective date of June 15, 2026, and filed on SEDAR+ on August 21, 2026.
Loyalist first announced the mineral resource estimate on July 7, 2026, and the filing of the technical report on August 21, 2026. The company said the newly released sensitivity data will factor into its approach to the Preliminary Economic Assessment, without specifying a timeline for that assessment.