# ALV: Webinar Invitation - Bluebush IAC HREE Project Brazil Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151560 Publisher: asx Original announcement: 2026-10-12T22:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-12T23:33:40.795Z Atlas analysis updated: 2026-10-12T23:33:40.795Z - Company: Alvo Minerals Limited - Ticker: ALV - Exchange: ASX - Region: Brazil - Primary commodity: Unavailable - Secondary commodities: Copper, Zinc, Lead, Silver, Gold, Rare earths - Document categories: Other, Resource update - Extracted: 2026-10-12 23:33:41 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Alvo Minerals has invited investors to a webinar on 14 October 2026 to discuss the Bluebush HREE project and the Palma Copper-Zinc VMS project in Brazil. The session will cover ongoing exploration plans and recent tenure expansion. Reasoning: The document is a routine webinar invitation for shareholders and does not contain new technical results, though it references existing resources. - Positive factor: Webinar invitation to discuss project updates and tenure expansion Facts used in scoring: 50 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 50. Some facts used in scoring do not have a stored record. ## Resource Estimates (50) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-0) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c800eeb04580dbfa02ba - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.9 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.9 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-1) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c800eeb04580dbfa02ba - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 4 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 4.0 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-2) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c800eeb04580dbfa02ba - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.4 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.4 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-3) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c800eeb04580dbfa02ba - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 14 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 14 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-4) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c800eeb04580dbfa02ba - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.03 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.3 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.03 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-5) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f1ef72d9fdc8db7b9634 - Deposit or zone: C1+C3 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.9 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.9 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-6) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f1ef72d9fdc8db7b9634 - Deposit or zone: C1+C3 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 4 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 4.0 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-7) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f1ef72d9fdc8db7b9634 - Deposit or zone: C1+C3 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.4 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.4 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-8) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f1ef72d9fdc8db7b9634 - Deposit or zone: C1+C3 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 14 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 14 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-9) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f1ef72d9fdc8db7b9634 - Deposit or zone: C1+C3 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 3300000 - Grade: 0.03 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. Evidence · table > 0.03 Context: 3.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-10) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6ea30e0c661f112b6314 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1300000 - Grade: 0.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.7 Context: 1.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-11) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6ea30e0c661f112b6314 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1300000 - Grade: 2.5 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 2.5 Context: 1.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-12) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6ea30e0c661f112b6314 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1300000 - Grade: 0.5 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.5 Context: 1.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-13) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6ea30e0c661f112b6314 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1300000 - Grade: 13 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 13 Context: 1.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-14) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6ea30e0c661f112b6314 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 1300000 - Grade: 0.01 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.01 Context: 1.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-15) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b69ca0d9dd675ba3c187 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 0.5 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.5 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-16) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b69ca0d9dd675ba3c187 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 3.8 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 3.8 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-17) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b69ca0d9dd675ba3c187 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 0.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.7 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-18) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b69ca0d9dd675ba3c187 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 17 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 17 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-19) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b69ca0d9dd675ba3c187 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 0.01 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.01 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-20) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:ad807c4d00f696ad59f2 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2500000 - Grade: 0.6 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.6 Context: 2.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-21) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:ad807c4d00f696ad59f2 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2500000 - Grade: 3.1 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 3.1 Context: 2.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-22) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:ad807c4d00f696ad59f2 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2500000 - Grade: 0.6 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.6 Context: 2.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-23) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:ad807c4d00f696ad59f2 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2500000 - Grade: 14 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 14 Context: 2.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-24) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:ad807c4d00f696ad59f2 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 2500000 - Grade: 0.01 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.01 Context: 2.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-25) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:2cadbe36971d1d9f56ec - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 1.1 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.1 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-26) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:2cadbe36971d1d9f56ec - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 5 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 5.0 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-27) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:2cadbe36971d1d9f56ec - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 0.2 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.2 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-28) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:2cadbe36971d1d9f56ec - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 15 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 15 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-29) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:2cadbe36971d1d9f56ec - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 2000000 - Grade: 0.04 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.04 Context: 2.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-30) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d4d2151f65de8f3c5a4c - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1600000 - Grade: 1 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.0 Context: 1.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-31) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d4d2151f65de8f3c5a4c - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1600000 - Grade: 2 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 2.0 Context: 1.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-32) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d4d2151f65de8f3c5a4c - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1600000 - Grade: 0.1 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.1 Context: 1.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-33) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d4d2151f65de8f3c5a4c - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1600000 - Grade: 10 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 10 Context: 1.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-34) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:d4d2151f65de8f3c5a4c - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1600000 - Grade: 0.04 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.7 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.04 Context: 1.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-35) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b7dc3f46d233b21b3972 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3500000 - Grade: 1 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.0 Context: 3.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-36) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b7dc3f46d233b21b3972 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3500000 - Grade: 3.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 3.7 Context: 3.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-37) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b7dc3f46d233b21b3972 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3500000 - Grade: 0.2 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.2 Context: 3.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-38) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b7dc3f46d233b21b3972 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3500000 - Grade: 13 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 13 Context: 3.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-39) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:b7dc3f46d233b21b3972 - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 3500000 - Grade: 0.04 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 2.2 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.04 Context: 3.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-40) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:142404b0110259d6d5e4 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 0.2 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.2 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-41) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:142404b0110259d6d5e4 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 3.3 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 3.3 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-42) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:142404b0110259d6d5e4 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 1.3 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 1.3 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-43) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:142404b0110259d6d5e4 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 28 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 28 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-44) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:142404b0110259d6d5e4 - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 1500000 - Grade: 0.03 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.03 Context: 1.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-45) Palma · copper Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: copper - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:a40fb99b860e279685db - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 0.6 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.6 Context: 4.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-46) Palma · zinc Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: zinc - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:a40fb99b860e279685db - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 3 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 3.0 Context: 4.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-47) Palma · lead Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: lead - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:a40fb99b860e279685db - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 0.7 - Grade Unit: % #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.7 Context: 4.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-48) Palma · silver Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: silver - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:a40fb99b860e279685db - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 18 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 18 Context: 4.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/alv-webinar-invitation-bluebush-iac-hree-project-brazil--55b624a9-e4fb-4c61-b60e-6deeeea4a66e#fact-resource-facts-49) Palma · gold Historical result Needs review: historical\_restatement #### Identity - Project: Palma - Commodity: gold - Region: brazil - Reported Region: Brazil - Ticker: ALV #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:a40fb99b860e279685db - Deposit or zone: C1 - Material type: sulphides - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 4300000 - Grade: 0.03 - Grade Unit: ppm #### Prior Estimate - Resource Date: 2024-07-19 #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % CuEq - Assumptions Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-07-19T00:00:00.000Z #### Dates - Event date: 2026-10-12T00:00:00.000Z Reasoning: Historical indicated resource for Palma project. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 0.03 Context: 4.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ## 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.